Monzo Savings Jars (US via Sutton Bank/Lead Bank)
#5 in Savings Account · Rated 4.3
Monzo Savings Jars in the US with 2% and higher APYs for Pro
Monzo’s Savings Jars in the US let you earmark funds toward goals with transparent yields. Everyday jars earn around 2.00% APY, while higher-yield Pro subscriptions offer tiered rates (3.75% APY or more, depending on plan). Funds are FDIC-insured through Sutton Bank or Lead Bank and can be allocated to multiple Jars with individual goals. The system supports automatic deposits and “round-ups” from linked accounts, making it easy to automate savings. While the product is US-focused via Sutton/Lead banks, Monzo also operates across the UK and Europe, giving it global brand recognition and a strong digital experience.
Features
- Savings Jars for goals
- APY with tiered plans (2.00% Everyday; 3.75% Pro)
- FDIC-insured via Sutton/Lead Bank
- No minimum balance
- Round-ups and automated transfers
Pros
- Easy goal-based saving
- High APY with premium plan
- FDIC protection
Cons
- Pro requires a subscription for higher APY
- US-only for the high-yield tier