Monzo: The 2026 Saving Challenge

Monzo: The 2026 Saving Challenge has landed, and savers across the UK are gearing up to take part. The challenge encourages users to save a little every day. Start with just 1p on January 1. By the end of the year, you could have £667.95 and a chance to win £10,000. Monzo: The 2026 Saving Challenge is back, and it’s easier than ever to start. The 2026 Saving Challenge lets you save a little every day.

The idea is simple. You save small amounts each day, increasing by 1p daily. On day two, save 2 pennies. On day three, save 3 pennies. By day 30, your pot will hold £4.65. Halfway through, you will have saved £168.36. Complete all 365 days, and your total reaches £667.95. Monzo automates the process, moving the money from your personal account into your Challenge Pot every day.

Extra, Perks, and Max customers have more options. They can double or quadruple their daily savings. At the 2x level, users can save £1,335.90. At the 4x level, the total reaches £2,671.80. Interest of 5% AER (variable) is paid monthly on Challenge Pot balances of 1p or more. Subscribers also enter monthly £100 prize draws, with 100 winners each month.

Monzo: The 2026 Saving Challenge has landed!

Monzo’s challenge is flexible. Users can pause or withdraw their savings at any time. Free, Plus, and Premium account holders must sign up to join before January 31, 2026. Extra, Perks, and Max members can join at any point before that date.

Over one million people joined the 2025 Saving Challenge. Monzo hopes even more will sign up this year. The goal is to help people form lasting saving habits. By starting small, users can gradually build up their savings without straining their budgets.

To enter, participants need a Monzo personal account. Sign up by January 31, 2026, and follow the daily savings schedule. By December 31, 2026, you could have £667.95. Complete the challenge, and you will also be entered into the £10,000 prize draw.

Start small, save consistently, and watch your pennies grow. Monzo’s 1p Saving Challenge makes saving simple, automatic, and rewarding.

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