Bank offers people last chance to earn nearly £700 doing 1p savings challenge in 2025

dailyrecord.co.uk:

Savers have one last chance to join a new 2025 challenge which automatically saves money for them each day, building a cash pot of nearly £700 by the end of the year.

Monzo said it is the first UK bank to create a fully automated 1p Savings Challenge, however, time is running out to join over one million people already taking part this year as the deadline to sign up is January 31.With just days left, now is the perfect time to join the one in 43 adults across the UK (aged 16 - 64) already on board.

Monzo said that collectively, they have already saved over 111 million pennies and counting (£1,111,000), in January, showing how small, simple steps can lead to extraordinary savings results.Open to both new and existing Monzo customers, this fun and effortless challenge helps save £667.95 over 365 days - starting with just 1p on day one, 2p on day two, and building from there.

Whether you're a savings newbie or looking for a fresh financial boost, Monzo's Challenge makes it simple, stress-free, and exciting to save money all year long.Over 228,000 customers brand new to saving with Monzo have taken the plunge, proving it’s never too early - or too late - to start your savings journey.Monzo’s app automates daily savings, moving small amounts from customers' personal or joint accounts into a Challenge Pot with no manual effort required.