Overview
- The Bradford Telegraph and Argus reports a writer completed the 2025 challenge using a Chase savings pot, finishing with £667.95 and £4.66 in interest.
- The method saves one penny more each day, rising to £3.65 on day 365, which mathematically sums to £667.95 over a year.
- MoneySavingExpert founder Martin Lewis has previously explained and endorsed the approach, helping popularize it nationally.
- Digital banks and apps such as Monzo and Plum can automate daily transfers into a dedicated savings pot.
- Guides note you can front-load by making monthly deposits or larger chunks, potentially wrapping up by December 1 with nearly £700 available.