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I use monzo as my main bank account and for all direct debits and rent.
I also use them as my savings account, their interest on their standard saving pot is about 60% better than what you get on an ISA with HSBC. And it’s way easier to use and track your money and it’s all in one place. Realise it’s not for everyone but I think it’s great. They also were mega helpful when I bought some trainers off a fake website too. Chat function is great. Have had no issues abroad either.
greeno-
I bank with a 'normal' bank. I only use Revolut for avoiding international banking fees. Different use case and since Revolut isn't a bank replacement like Monzo it's not quite what I'm talking about.
Obviously, if I was to have all my ill gotten gains in one of these alternative banks I'd reconsider the levels of protection being offered. -
My missus has a Monzo though and she was complaining about her bank dropping their saving interest rates so I might mention the Monzo pots to her.
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Ah, it's not actually Monzo ISAs it's 3rd party offerings provided through Monzo.
So you could just use https://www.oaknorth.com/ for the ISA and avoid Monzo taking a small cut. They also don't impose the £500 minimum deposit.
12 months £1 - £500,000 1.51 1.51
https://www.oaknorth.com/savings/personal-savings/personal-fixed-rate-cash-isa/
hippy
Many people voted for Brexit and Trump. Many people are idiots.
If you're using the cards properly the amount of money on them will be small, the interest would be basically non-existent. As for why not Starling. Starling didn't exist (or at least I was unaware of it) when I got Revolut. Revolut works well so if it ain't broke...
"Revolut use the interbank exchange rate, which is usually cheaper than the MasterCard rate offered by Starling. Although, it is worth checking current rates. Revolut do markup their exchange rates for out of market hours too. So be wary of this."
https://www.finder.com/uk/revolut-vs-starling