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Brits can save hundreds of pounds next year with Monzo's 1p challenge


The digital bank, which has more than 11 million customers, said it is the first UK bank to create a fully automated 1p saving challenge which could help you save more than £600

Challengers have the convenience of pausing the plan or catching up on missed contributions, and they can watch their savings grow directly within the app—an upgrade from previously needing a separate app to create automatic money-moving rules. Offering more than just smart savings, Monzo continues to attract a youth-centric audience with its innovative banking features, including flashy digital cards and breezy app-based transfers. Initially capturing hearts as the go-to spending card for travel with no steep withdrawal fees, Monzo's place on the cutting edge of digital banking isn't just secure—it's leading the charge.

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