Juno's on the scent…

Under 16s Savings Pot

Easy access · Checked 3 Nov 2026, 09:30

2.75%

AER

Not above inflation: CPI 3.5%, September 2026

What you'd earn

If you put in (£)

You'd earn about £550.00 in 1 year, before any tax.

Worked out from the AER. Variable rates can change.

Junior ISA rules and other children's accounts

The conditions in plain English

Access: See the bank's terms.
Minimum: £1
Interest paid: Monthly
Manage by: Mobile app
Who can apply: Ages 6 to 15. Parent or guardian and a Monzo Under 16s account needed.
Where we read it: Monzo's own page, 3 November 2026

Full details

Juno hasn't read a Summary Box for this account yet. Monzo's own page has the full terms and conditions.

Who holds your money

Deposit-taker: Monzo, a trading name of Monzo Bank Limited
Incorporated in: United Kingdom
Regulated: Yes, by the Prudential Regulation Authority and Financial Conduct Authority (FRN 730427)
Protection and disputes: Financial Services Compensation Scheme and Financial Ombudsman Service
Capital: Paid-up capital and reserves of £1,029m at 31 March 2026 (latest published accounts).

Complaints and reviews

Complaints to the bank: Complaints the bank itself reported to the FCA about banking and credit cards, for MONZO BANK LIMITED.67,488 complaints opened (2.39 for every 1,000 accounts); the bank upheld 24.0% of the complaints it closed. October 2025 to March 2026 (source)

These figures cover the whole firm behind Monzo, including current accounts, cards and loans, not just savings. Bigger firms have more customers and so more complaints. Periods differ between sources and are months old when published. They never change our rate order. FCA-format figures contain public sector information licensed under the Open Government Licence v3.0.

FSCS protection

Up to £120,000 per person is protected across everything you hold with Monzo Bank Limited.

Check your total protection