With the cost of living on the rise, making the most of your savings has never been more critical. The best UK savings apps can be a game-changer, helping you effortlessly set aside money and reach your financial goals. Here, we’ve rounded up the best UK savings apps to help you save more in 2024.
1. Monzo
Monzo is a popular digital bank that makes saving simple and fun. With its ‘Pots’ feature, you can create separate savings goals and track your progress. Monzo also offers round-ups, automatically saving the spare change from your transactions. With a user-friendly interface and real-time notifications, Monzo is a top choice for savers.
2. Starling Bank
Starling Bank is another from the top UK savings apps, offering robust savings features. The ‘Goals’ feature allows you to set up various savings targets, and you can automate transfers to these goals. Starling’s budgeting tools and spending insights help you stay on track with your financial plans.
3. Plum
Plum is an AI-powered savings app that analyses your spending and automatically sets aside money you won’t miss. It also offers investment options for those looking to grow their savings further. With features like round-ups and interest on savings, Plum makes saving effortless.
4. Chip
Chip uses AI to calculate how much you can afford to save and transfers it to your Chip account automatically. You can set savings goals and track your progress in the app. Being one of the best UK savings apps, Chip also offers accounts with competitive interest rates, making it a great option for maximising your savings.
5. Emma
Emma connects all your bank accounts and credit cards in one place, helping you track your spending and find ways to save. Its ‘Save’ feature lets you set aside money for specific goals. Emma’s intuitive interface and detailed insights make it easy to manage your finances.
6. Moneybox
Moneybox rounds up your everyday purchases to the nearest pound and invests the spare change into a stocks and shares ISA. It’s an excellent app for those looking to start investing while saving. Moneybox also offers savings accounts and Lifetime ISAs with competitive interest rates.
7. Snoop
Snoop provides personalised money-saving tips based on your spending habits. It scans your transactions and suggests ways to save, from switching energy providers to finding better deals on subscriptions. Snoop’s actionable insights can help you make the most of your money.
8. Yolt
Yolt connects to your bank accounts and credit cards, providing an overview of your finances. Being one of the best UK savings apps, it helps you set budgets, track your spending, and identify areas to save. Yolt’s ‘Goals’ feature lets you create specific savings targets and monitor your progress.
9. Revolut
Revolut offers a range of features to help you manage and save your money. Its ‘Vaults’ feature allows you to set money aside for specific goals, and you can automate round-ups. Revolut provides spending insights and budgeting tools to help you stay on top of your finances.
10. Tandem
Tandem is a savings app offering competitive interest rates on its savings accounts. It also provides tools to help you save more effectively, such as round-ups and automatic transfers. Tandem’s insights into your spending help you find ways to save more.
How to Choose from the Best Uk Savings Apps?
When selecting a savings app, consider the following factors:
- Features: Look for apps that offer features that align with your savings goals, such as automatic transfers, round-ups, and goal tracking.
- Ease of Use: Choose an app with a user-friendly interface that makes it easy to manage your savings.
- Security: Ensure the app is secure and regulated by the appropriate financial authorities.
- Fees: Check for any fees associated with the app, such as subscription costs or transaction fees.
Maximising Your Savings
To get the most out of the best UK savings apps, follow these tips:
- Set Clear Goals: Define what you’re saving for and set specific targets to stay motivated.
- Automate Your Savings: Use features like automatic transfers and round-ups to save money without thinking about it.
- Track Your Progress: Regularly review your savings and adjust your goals as needed.
- Take Advantage of Insights: Use the spending insights provided by the apps to identify areas where you can cut back and save more.
Conclusion
With the best UK savings apps, you can take control of your finances and achieve your savings goals more efficiently. Whether you prefer a simple savings tool or a comprehensive budgeting app, there’s something out there for everyone. Start exploring these top UK savings apps today and see how they can help you save more in 2024.
