Getting FIREd up 😀

South_coast

🤣👍        

PennysIntoPounds

Oh wait, as if to prove my own point, I just realised its a savings app not a current account. Sorry, I'm an idiot! I have kroo current account and they're pretty decent, and I believe they recently introduced pots 

astrocytic_kitten

Zopa do have a current account! I know this because I have savings with them too, and they’re constantly emailing me about their brand new current account.

I also have a Kroo current account which I use
as a secondary account - it does have pots, and you need to manually add and remove money to the pots. I find it a bit inflexible - for instance if I have a regular £20 payment coming out of a pot I need to manually go in and withdraw the money out of the pot each time. If I forget to do it and don’t have enough money floating round in the non-pot bit of the account it will reject the payment for insufficient funds. It’s all the one account, just locks some money away (which is actually really handy for what I use it for).

I believe that Monzo is much more flexible though and gives you the option to either have locked pots you need to manually go into to get money out of, or unlocked ones that you can set so direct debits etc automatically come out of the related pot. I often think that if I moved my main account to monzo I could do without my YNAB subscription, but am not brave enough to take the plunge

South_coast

Well now I'm confused 🤣! I did look at Zopa, but it seemed to suggest that the current account was in the testing stage for select people only - so looks like you are both right (but in different ways 🤣). Never heard of Kroo....🤔 

astrocytic_kitten

Kroo is similar to Monzo and Starling, but newer. I went with it because it pays interest on current account balances and I mostly use it for irregular pots that I don't use constantly but use frequently enough that having it in savings is a bit of a pain. From what I know Monzo has much more functionality - if I was switching a main bank account I'd likely go with them

South_coast

Gotcha. Thank you 😀

ruby_eskimo

I prefer Chase over Monzo (have accounts with both of them).  There seems too many things you have to pay for with Monzo that you get for free with Chase - plus up to £15 cashback a month on spends with the card.  I just find the interface more simple with Chase too, Monzo is too IN YOUR FACE with stuff which just isn't my vibe.

South_coast

I think the ads have put me off Chase 🤔, but will man up and take a look!

edinburgher

I'm only using Chase for the cashback and the round up account these days.

PennysIntoPounds

Chase has just and is about to cut its rates for savers so make sure you're on a good deal

https://www.moneysavingexpert.com/news/2025/01/chase-boosted-saver-ending/