Monzo and OakNorth Partner on Savings Accounts

Two of the top digital banks are now joining forces to offer savings accounts; Monzo and OakNorth are teaming up to offer savings accounts options for their more than 1.6 million customers; accounts will range from 1 percent AER to 1.53 percent AER and two will be available in a cash ISA; “ ISAs and higher interest rates on savings are something our customers have been asking for, so we’re really excited to be launching them in time for the end of this tax year,” said Monzo cofounder and CEO Tom Blomfield to AltFi; minimum deposit in these savings pots will be £500, with a maximum total balance across all savings pots of £500,000. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.