1p Saving Challenge (2025)

The 1p Saving Challenge is an exclusive feature for Monzo Extra, Perks, Max and Max + family customers.

The app does it all for you. We'll move 1p from your personal account to your Challenge Pot on day one of your challenge. Then 2p on day two, 3p on day three, and so on. On day 30, you'll have £4.65. Halfway through, you'll have £168.36.

Make it to day 365 of your challenge and you'll have saved £667.95 plus interest.

Your challenge will last for 365 days from the day you save your first penny. You can start a challenge anytime.

You can access the challenge here

Pause your daily savings and catch up later by adding money for missed days. You can also end the challenge anytime.

Take money out of your Challenge Pot anytime and add it back later.

We'll pay the interest into your Challenge Pot on the 1st of every month, as long as it's 1p or more. That means that depending on when you've joined the challenge, you might need to wait until the following month to get paid interest. The rate is variable, which means that we can change it. You'll earn interest until your challenge ends. At the end of your challenge, you can keep saving, invest or move it to your personal account.

Entries for our £10,000 prize draw closed at 11:59pm on 31 January 2025 and the Prize winner will be informed before midnight on 2 February 2026.

The 1p Saving Challenge has closed for new challenges but you can join the Saving Challenge (2026).

From the 31st December 2025, the 2025 1p Saving Challenge closed for new challenges but you can join the Saving Challenge (2026) today, if you have Extra, Perks or Max.

If you already have an active 2025 1p Saving Challenge, you can take part in both the 2025 and 2026 saving challenges at the same time if you’d like.

For more information on Saving Challenge (2026), see here