Challenger banks Oaknorth and Monzo team up to launch savings accounts

Monzo and Oaknorth, two challenger banks, have partnered up to offer Monzo users access to a high-interest savings account for the first time.

 

 

This fintech collaboration will allow customers to use a variety of different savings accounts which they can open within minutes via the Monzo app. These savings accounts will offer rates of up to 1.55 %. An easy-access cash ISA offering 1.14 % AER will be available on the 25th March, with more products launching over the upcoming weeks.

 

Alongside the Oaknorth partnership, Monzo is also working on additional partnerships with other savings providers to make saving more convenient for its many users.

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