💨 Abstract

Monzo has reintroduced its popular 1p savings challenge for 2026, allowing customers to save £668 by the end of the year. The challenge, which involves saving incremental pennies daily, saw 1.7 million participants in 2025, collectively saving over £360 million. New features include higher savings levels and interest on savings for Extra, Perks, and Max customers.

Courtesy: Jessica Lindsay