This new feature will help bankers save more than £600 in a year
UK savers will have the chance to join a new 2025 challenge which automatically saves money for them each day, building a cash pot of more than £600 by the end of the year.
This saving scheme has been advocated by Monzo and money-saving experts for several years but the digital bank said that 2025 will be the first year that its customers can participate in a fully automated challenge through their banking app. The bank, which is the seventh largest in the UK, has previously let its customers participate in the challenge but only by downloading a separate app which allows people to set up rules to move money around automatically.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Police seize haul of fake iPhones which were 'of much use as a paperweight'The counterfeit phones were being sold for up to £600
Read more »
Police seize haul of fake iPhones which were 'as much use as a paperweight'The counterfeit phones were being sold for up to £600
Read more »
The eight family cars set for £600 tax increase under 2025 VED bandsAll new car buyers will see a tax increase, although the amount will be much lower for those who buy greener vehicles
Read more »
Scotland rugby captain Stuart Hogg fined fter breaching bail conditionStuart Hogg has been fined £600 after admitting abuse of his ex-wife, Gillian Hogg.
Read more »
Stuart Hogg: Former Scotland rugby captain handed non-harassment order and fined £600 for breaching bailA court heard how Stuart Hogg, 32, berated his estranged wife for 'not being fun', and once sent more than 200 text messages to her in the space of a few hours which caused her to suffer a panic attack.
Read more »
£600 tax increase for eight family cars under 2025 VED bandsAll new car buyers will see a rise in tax
Read more »