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Monzo

Monzo is an online bank which also offers three ready-made investment options for existing customers. Once you choose the investment option, all you have to do is select the level of risk you are comfortable with, choose between putting your investment in a stocks and shares ISA, a pension or keeping it in a general investment account and how much you want to invest, and that’s it. Your investment is actually looked after by BlackRock, one of the biggest investment firms in the world. As a bonus, Plus or Premium banking customers can qualify for an additional discount of 0.10% on fees.

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Available products & wrappers

General investments ISAs Lifetime ISAs Junior ISAs Pensions & SIPPs Junior pensions & SIPPs Other
Only able to transfer old pensions currently.

Table of charges

Platform charges Product charges Other charges
Platform fee 0.45%
Underlying fund charges 0.14%
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Research, tools and information

Tools support
The app contains a range of educational material for users. Each topic is packaged up in easy to digest sized parcels. The range of topics goes from novice investors "understand the difference between investing and saving" to the more involved concepts such as taking a deeper dive into what you are investing in, or understanding the "meaning behind risk and return".

Minimum investments

Lump-sum Top-ups Monthly
£1 £1

Compare + Invest review of Monzo

Products & wrappers Research & guidance Charges Overall rating
2/5
4/5
3/5
3/5
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