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Brits can save hundreds of pounds next year as Monzo launches 1p challenge
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manchestereveningnews.co.ukUK savers will have the chance to join a new 2025 challenge which automatically saves money for them each day, building a cash pot of more than £600 by the end of the year.
Monzo, which has more than 11 million customers, said it is the first UK bank to create a fully automated 1p saving challenge.
The year-long challenge, backed by financial journalist Martin Lewis, works by saving 1p on the first day, then 2p on the second day, 3p on the third day, and so on.
By day 30, savers will have £4.64, halfway through the challenge they will have £168.36, and by day 365, they will have saved £667.95.
Read more on manchestereveningnews.co.uk
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