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  Monzo Savings

Monzo Savings

in Savings Accounts from Monzo · Member FDIC

Unaffiliated

Monzo Savings

Unaffiliated

in Savings Accounts from Monzo · Member FDIC

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Highlights
Monthly Fee $0
APY (Annual Percentage Yield) 1%
APY Minimum Balance N/A

Monzo Savings Review

Monzo Savings is offered by Monzo, a bank founded in 2015 and based in Las Vegas, NV. Monzo Savings is available in 50 states (and Washington, DC).

Monzo Savings FAQ

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 $1,268.
Monzo Savings Account Minimums
Description
APY Minimum Balance N/A
Minimum Initial Deposit $1,268
Minimum Combined Balance to Avoid Monthly Fee N/A
Minimum Required Balance N/A
Minimum Direct Deposit to Avoid Monthly Fee N/A
Minimum Balance to Avoid Monthly Fee N/A

What APY does Monzo offer?

Monzo Savings offers an APY of 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
    Description
    Bank Account Features
    • Debit Card
    • Soft Credit Pull
    • Debit Card Lock/Unlock
    • Mobile Banking
    • Interest Bearing Account
    • No Monthly Maintenance Fee

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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Contact

Hours of Operation

  • Sunday 7:00am - 7:00am
  • Monday 7:00am - 7:00am
  • Tuesday 7:00am - 7:00am
  • Wednesday 7:00am - 7:00am
  • Thursday 7:00am - 7:00am
  • Friday 7:00am - 7:00am
  • Saturday 7:00am - 7:00am

Other Services by Monzo

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Minimum Initial Deposit $1,268
International ATM Surcharge $0
Monthly Fee $0
Bank Account Features
  • Debit Card
  • Soft Credit Pull
  • Debit Card Lock/Unlock
  • Mobile Banking
  • Interest Bearing Account
  • No Monthly Maintenance Fee
APY (Annual Percentage Yield) 1%

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SUPERMONEY NET RECOMMENDATION SCORE

0%

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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