NatWest is encouraging savers to take part in a simple yet effective savings challenge that could see them amass as much as £780 by the end of the year. The 12-month challenge, designed to get people into the habit of saving regularly, encourages participants to save increasing amounts each month.

It is structured to be easy for anyone to follow, with the goal of helping people save more gradually as the year progresses. The concept is simple: you start by saving £10 in the first month,…