App-based banking service Monzo have gone live with a new premium account called Monzo Plus.
Initially users get access to:
- A Monzo Plus card (in Hot Coral or one of the new colours, Midnight Sky or Lagoon Blue)
- A custom Monzo.me link
- Access to Monzo Plus events and swag
The account provides access to optional additional services, currently travel insurance at £4 per month, and upgraded travel ATM allowance/emergency cash if you lose your card at £3 per month.
Initially the cost of Monzo Plus will be £3 per month, rising to £6 per month later this year.
|Service||Good For||Savings Interest||FCFS Protected||More|
|Starling||Budgeting, Saving||0.25% – 0.5%||✅||More|
|Atom Bank||Saving, Mortgages||2.7%||✅||More|
|Tandem||Saving||2% – 2.4%||✅||More|
|Chip||Saving||0% – 5%||No||More|