Monzo Savings Review
Monzo Savings is offered by Monzo,
founded in 2015 and based in Las Vegas, NV.
Monzo Savings is available in
50 states (and Washington, DC).
Are savings accounts from Monzo federally insured?
Yes, your Monzo savings accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
Does Monzo offer a signup bonus?
Monzo Savings has a signup bonus of $0.
What is the minimum balance for Monzo Savings?
The minimum balance to open a Monzo Savings is $1.
Monzo Savings Account Minimums
|APY Minimum Balance
|Minimum Initial Deposit
|Minimum Combined Balance to Avoid Monthly Fee
|Minimum Direct Deposit to Avoid Monthly Fee
|Minimum Balance to Avoid Monthly Fee
What APY does Monzo offer?
Monzo Savings offers an APY and ranging up to 1% (APY stands for annual percentage yield, rates may change).
What features and perks does Monzo Savings offer?
This account includes the following features:
- Soft credit pull - Monzo Savings performs a soft credit pull so you can check whether you qualify without hurting your credit.
Monzo Savings Features
|Bank Account Features
- Debit Card
- Debit Card Lock/Unlock
- Interest Bearing Account
- Mobile Banking
- No Monthly Maintenance Fee
- Soft Credit Pull
What fees does Monzo Savings charge?
Monzo Savings does not charge a monthly maintenance fee. See the fee breakdown section below to view all fees.
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