FSCS Protected

Kroo is a fully licensed UK bank. Your money is protected by the FSCS up to £85,000.

Banking with a Purpose

Kroo entered the market with a simple proposition: why should you have to move your money to a saver just to earn interest? They pay a competitive AER on your entire current account balance (up to £500k).

Interest on the Go

Unlike Monzo or Starling, Kroo treats your main account balance as interest-bearing. As of 2026, they offer 4.10% AER. This means you earn money on your rent, grocery, and bill money before it actually leaves your account.

Social Features

Kroo started as a social payment app, and it shows. It has excellent features for splitting bills and tracking who owes what within groups. It's less "corporate" than Starling and more focused on community spending.

Pros & Cons

Pros

High Interest: Earn on your main current account balance.
Ethical Focus: Publicly committed to social and environmental impact.
Simple App: Clean, no-nonsense interface.
FSCS Protection: Full UK banking license.

Cons

Fewer Features: No stocks, crypto, or advanced budgeting yet.
Limits: Smaller international reach compared to Revolut.
Newer Player: Less "battle-tested" than Monzo or Starling.

Best For

🌳

Ethical Spenders

If you want your bank to care about more than just profit, Kroo's mission will appeal to you.

📈

Lazy Savers

Earn high interest without having to move money between different pots or accounts.

🌮

Group Spenders

Excellent social features for splitting dinners and group holidays.

Rating Breakdown

Interest Value 10/10

App Simplicity 9.0/10

Social Features 8.5/10

Feature Depth 7.0/10

Kroo Review 2026