Overview
- The in‑app Challenge Pot automates daily deposits from 1p on day one to £3.65 on day 365, totalling £667.95 for those who complete the year.
- A £10,000 prize will go to one completer at year end, with eligibility requiring a UK Monzo personal account or paid plan, age 18 or over, a start by 31 January, and at least £667.95 excluding interest on the final day.
- Subscribers to Extra, Perks or Max can choose 2x or 4x “level up” rates to save up to £2,671.80, earn 5% interest on Challenge Pots, and enter monthly draws awarding £100 to 100 winners.
- Participants can pause, stop or withdraw at any time, and the 1p challenge can also be done manually or via other providers such as NatWest, Plum or Chase.
- Monzo reports 1.7 million customers took part in 2025, collectively saving over £360 million by November, setting the stage for the expanded 2026 run.