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Monzo launches Business Instant Access Savings
Monzo has launched Business Instant Access Savings, which allows business owners to grow their savings while having quick access to their money whenever they need it. The Business Instant Access Savings Pot offers a 1.5% AER interest rate (variable) per year, paid monthly into the Pot. There’s no minimum deposit required, and the maximum amount that can be saved in an Instant Access Savings Pot is £100,000.
The Instant Access Savings Pot can be easily linked to the business current account and managed through the Monzo app. However, it’s important to note that no payments or scheduled withdrawals can be made from the Pot. It’s designed for business owners to save for their business goals, such as buying new equipment or reinvesting in the business.
Regular Pots are better suited for budgeting or paying bills, while Tax Pots are available only for Business Pro customers to automate the percentage of income saved for quarterly and annual taxes. If a business owner has multiple businesses, they can have one Instant Access Savings Pot per business.
Instant Access Savings Pots work seamlessly with some of our existing features too. You can choose to schedule deposits and lock your Pot until a chosen date.
Companies In This Post
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- Sircon Compensation Recognized for Helping Carriers Turn Agent Compensation Into a Competitive Advantage Read more
- Saris Raises $28.8 Million to Scale Agentic Workflow Automation for Financial Institutions Read more
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- Speed, Flexibility, Scale: INCAT’s Formula for Building the Next Generation of Digital Banks Read more
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Push by Aave Labs Receives FCA Approval to Launch Zero-Fee On- and Off-Ramping Services in the UK
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Triple Point Supports Pelican Capital’s Investment in Steplab with Debt Facility
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African Cybersecurity Company to Help UK Firms Reopen African Payment Corridors as Fraud Liability Rules Tighten
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Tide Crosses 2 Million Members Worldwide – Big Step Forward in Mission to Support and Grow Small Businesses
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Woodforest National Bank Selects Jack Henry to Power Growth with a Modern, Integrated Platform
Jack Henry® (Nasdaq: JKHY) announced today that Woodforest National, a multi-state bank with more than $9 billion in assets, has selected Jack Henry to support its continued growth, modernization, and long-term digital strategy.
Sircon Compensation Recognized for Helping Carriers Turn Agent Compensation Into a Competitive Advantage
Vertafore®, the leader in insurance technology, today announced that its Sircon® Compensation solution has earned top industry and business honors, with a Gold in the 2026 TITAN Business Awards and finalist designation in the 2026 PropertyCasualty360 Insurance Luminaries Awards.
Saris Raises $28.8 Million to Scale Agentic Workflow Automation for Financial Institutions
Saris, the agentic workflow platform for banks and credit unions, today announced it has raised $28.8 million in Series A financing.
Multimodal and Multilingual Conversational AI Agents in Customer Support
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Speed, Flexibility, Scale: INCAT’s Formula for Building the Next Generation of Digital Banks
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AirPlus International and Kresus Technologies Help European Businesses Regain Control of Their Indirect Purchasing, in Collaboration with Mastercard
AirPlus International and Kresus Technologies, today announce a new partnership, in collaboration with Mastercard, to help European businesses better manage everyday indirect spending.
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