The 2026 Saving Challenge - New year, new levels, plus a new rate for Extra, Perks and Max

UK Monzo Chat
66

No wins here so far. The only one left for the 2025 challenge is the £10K biggie on 02-Feb

:crossed_fingers:

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67

I can’t be bothered reading all the previous posts but can you set it so the challenge takes the cash from a pot?

68

Nope

69

Thanks. Slightly disappointing :joy:

71

My £667.95 is already in a savings pot, so the point of the exercise is to get a tiny bit more interest and be eligible for the prizes :slight_smile:

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72

Next year we will have 10x Savings Challenge for the big savers! :rofl:

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73

Along with a HNW/Premier style account.

74

No one with this style of account is doing a penny challenge.

75

My main bank account is a premier account (NatWest), and I’m doing the challenge… Then again, I was also diagnosed with autism a few months ago, so…

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76

Join the club. Been diagnosed since I was 14!

I have never seen it as a disadvantage ever! I blame the austim for making me good at numbers :blush:

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77

HNW are allowed to have fun with money too. There’s no norm.

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78

As someone previously pointed out, we’re all spending an excessive amount of time on fintech forum(s), we’re all on the spectrum. :rofl:

(Also diagnosed last year.)

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79

Thanks for pointing out I can’t spell :rofl:

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80

Idly reading the T&Cs of the 2026 Savings Challenge (Monzo’s Saving Challenge (2026) Prize Draw Rules), I was given pause by this bit:

We’re legally required to publish or make available information that indicates that a valid award took place. So we’ll share the surname and postcode area of winners to anyone who emails help@monzo.com within 30 days after the prize draw. You can object to your surname and postcode area being published or made available by emailing us at help@monzo.com. We’ll still need to share this information with the regulator, the Advertising Standards Authority, on request.

It seems to me that making available only “surname and postcode area” is intended to result in some kind of anonymisation. The thing is… with my surname, I’m 100% confident that I’m the only one of my kind in my postcode area [a postcode area is the first letter(s)], so this “surname and postcode area” process wouldn’t actually anonymise me at all.

And it seems that in any event the winner can suppress this publication anyway! (or can they? the terms say they can “object”, but not what effect any such objection would have…)

So what’s the point of any of it?

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81

Object - you don’t want that to happen - it won’t happen.

@AlanDoe

82

So Michael “curtain twitcher” Caine from down the street doesn’t know you’ve won the £10k, if you ask them not to publically publish it.

Technically this would fall under GDPR so Monzo would need a lawful basis for holding or publishing this information and that’s why they’ll have given the opportunity to opt out right at the start as they’d need your consent to process the data, but not to publish it as they’d likely have a legitimate purpose for doing so.

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83

This publishing and opt-out info is also in the T&Cs for Double Payday but not for Billsback.

84

Sounds like someone on here can email help@ to see if there were any actual winners then :grin:

(I’d put money on it that you’ll get a confused response if you did, and it would be a real struggle to get that info)

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85

@AlanDoe could you find the data for us on winners of bills back, double pay etc from last month?

Curious what bills were paid back too :folded_hands:t3:

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86

Gonna ask a silly question that may have already been answered… :face_with_peeking_eye:

I signed up to the 1p saving challenge today. Will I need to make 8 days worth of deposits? Its only taken 1p so far…

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