Advertiser Disclosure

Advertiser Disclosure

We may receive compensation from our partners for placement of their products or services, which helps to maintain our site. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn’t influence our assessment of those products.

Best Money Saving Apps UK

Find out which savings apps are the best on offer, which tools you shouldn’t do without, and the apps that offer the most effective way of growing your money with my complete guide to the best money-saving apps UK.

List of the best money saving apps

In my list below you will find the best money-saving apps available for UK savers.​​​

Raisin logo


  • Easy access accounts – Earn up to 1.50% AER
  • Fixed rate bonds – Earn up to 3.20% AER
  • Notice accounts – Earn up to 1.95% AER
Beanstalk App


  • Best saving app for your child’s future
  • Fee: 0.5% – Lower than other JISAs and child trust funds
  • A great way for grandparents to save for their grandchildren
Plum Savings App logo


  • Open an account in minutes
  • Connect your bank accounts to start automatic savings and roundups
Cleo App logo


  • Gain financial control and analyse your spending habits with Cleo
Chip App logo


  • Get a market-leading interest rate of 1.25% on funds up to £10,000 with Chip


  • See all your bank accounts together
  • Daily balance alerts for all your connected accounts
  • Unique money-saving ideas
GoHenry Logo


  • Guide, motivate and encourage kids and teens with app experiences tailored to their age.
  • Pre-paid ‘top-up’ card, so there’s no risk of debt or overdraft
  • Prepaid debit card + app + Money Missions


  • See all of your finances securely in one place
  • Select from 100s of financial accounts
  • Understand where your money goes

What is a money-saving app?

A money-saving app is a tool aimed at people who find it difficult to put money to one side. They will often utilise complex algorithms to identify small, imperceptible amounts of money which they will automatically set to one side without you noticing. In this way they aim to grow a savings pot, making saving money achievable for people who typically find it hard to save money.

Plum Savings App logo

Plum Savings App

Plum gets my top pick for best saving app due to its free automated savings and round-ups feature. Downloading and registering on the app takes a couple of minutes, and if you have your banking already on your mobile, Plum will automatically link to all your bank accounts, making the entire process as quick and seamless as possible. Within moments you will be able to access all the great features available. You can create pots to achieve particular saving goals and withdraw your money whenever you like.

There is little doubt that this app is aimed at younger savers, however, it would almost certainly be effective for just about anyone, regardless of your saving ambitions. Users save a significant amount, with 77% rating the app as excellent.

What sets Plum apart from the competition is Plum give users access to investments, interest accounts and pensions. Putting money aside is only half the picture, what you do to grow that money is just as important.

Plum also comes with FSCS protection.

Raisin logo


Raisin acts like an interest rates marketplace, connecting you to some of the most competitive interest rates available, completely free of charge. This is a great option if you already have savings that might be languishing in a low-interest savings account and you would rather stay away from any investments.

At present, the best interest rate available through Raisin is 2% AER although you will need to lock your money away for 5 years in a fixed-rate bond. Signing up is quick and easy and immediately gives you access to savings accounts with Raisin’s partner banks.

Raisin is completely free to use, so if you are looking for better interest rates but don’t have time to scroll through countless banking websites they may just be perfect to meet your needs.

Raisin also offer a generous sign-up bonus of £50 should you deposit anything in excess of £10,000.

Moneybox logo


Whilst Moneybox doesn’t utilise automatic saving, it does have a handy round-up feature which rounds your purchases to the nearest pound, as well as a variety of saving accounts for your money to go into, including a Lifetime ISA which is by far the most efficient way to save for a house deposit.

Moneybox offer a Cash Lifetime ISA with an interest rate of 0.85% AER which is industry-leading, and a Stocks and Shares Lifetime ISA, where you can invest your savings to grow them quickly. Both these ISAs attract the government bonus of 25% on all deposits up to £4,000 per annum.

Moneybox also comes completely free and they offer free mortgage advice with deals from over 90 lenders.

Cleo App logo


Cleo is my top pick for a saving and budgeting app that can use spending insights, regular expenses, trends and budgets to help you effectively manage your finances. Whilst it is aimed at millennials and Gen-Zs, it would be an effective tool for anyone looking to gain financial control.

Cleo does this by connecting to your primary current account and analysing your spending habits so you can see where your money is going. It also offers the option to create budgets, within each spending category with automatic messaging when you are approaching your limits.

Emma Saving App logo


If you have a tendency to overspend and often find yourself getting into debt then Emma is a great option for you. Emma can connect to all your cards, current accounts, credit accounts, savings, investments, cryptocurrencies and pensions all in one place in order to conduct a full analysis so you can track and categorise all you expenses .

Emma is brilliant at identifying areas where you are overspending, and finding old subscriptions that you may have forgotten about. By setting a budget, you can start to control your spending across categories or even individual merchants.

One of the greatest advantages with Emma, is that it is completely free of charge. There are no premium paid accounts.

Anyone can now save money, regardless of your finances or circumstances and you don’t need a mountain of self-discipline to make it happen. Clever little apps that harness artificial intelligence and algorithms work quietly in the background, squirrelling away imperceptible amounts of money, slowly building up a pot by moving this money to a separate savings account.

It really is painless, and most people are shocked at how quickly their savings grow without any effort on their part. But not all these apps offer the same level of service, and some will cost you money.

Savings that aren’t handled correctly will lose value over time as they fail to keep up with inflation, so saving money isn’t the only important factor, where you keep it will also ultimately affect your bottom line.

Some apps will offer you a complete service, saving and growing your money simultaneously, whilst others will require future management on your part.

How do money-saving apps work?

Different automatic savings apps will work in different ways, however, there are some basic features that it’s useful to get your head around so you can decide whether a saving app is the best option for you.

How they connect to your primary bank accounts

In order for algorithms and round-ups to work, these apps require access to your primary bank account. This is achieved via Open Banking allowing banks to share banking data with the apps that have a special licence from the Financial Conduct Authority. Open banking operates with most of the major banks so this shouldn’t be an issue for you.

I would always recommend that the app you are considering has this level of authorisation in order to prevent any fraudulent activity on your account.

How your money is protected

It’s important to understand how your money is kept safe while using these apps so you can make safe decisions when selecting the app that’s right for you.

Firstly, Financial Services Compensation Scheme (FSCS) coverage will protect your money up to the value of £85,000 should anything happen to the app that is providing you with saving services. However, not all apps have this level of cover.

Some of the apps will have an electronic money licence. This means all client money is held in a bank account ring-fenced from their own accounts, keeping client money completely separate from the operating cash of the app. This ensures that client funds remain safe regardless of what happens to the saving app.

How can I save more money in the UK?

Many of the apps will simply help you put money aside, however, what you do with your savings to help them grow is just as important. You have two main options, put your money into a high-interest savings account, or invest it.

High-interest savings accounts don’t really exist in the current climate of interest rates, however, it is still worth trying to secure the best interest rate you can from any standard savings account. If you only have a small amount of savings that you are currently growing, this may be the best option as investing your money comes at a cost and your investment returns will need to be sufficient in order to meet that cost. However, once you have grown your savings you may want to consider moving them to a risk-appropriate investment fund like a stocks and shares ISA.

Investment accounts come in many shapes and sizes and some can be accessed from the saving app as is the case with Plum and Moneybox. This can save time and effort in registrations and save you from managing multiple accounts.

How much money you should have saved before you consider investing depends on the cost of the platform you choose but generally, experts will recommend starting with around £500 or £50 monthly deposit.

The main thing to remember with investing is that whilst it is more effective at growing your money during times when interest rates are low, it is also risky and you could end up losing all your money. Therefore it is important that you never invest money that you can’t afford to lose, and that you remain diversified across your investments.

High street banks vs money-saving apps

In response to the rise in challenger banks and money-saving apps, many high street banks have started providing their users with access to some of the more advanced features via their own apps.

Many of these apps will allow you to open dedicated pockets or satellite accounts into which you can choose to deposit a set amount of money each month from your main account.

However, these dedicated saving apps tend to have a lot more features to really help maximise your savings, and keeping your savings in a separate entity can help remove the temptation to spend them.

Money saving apps FAQs

Are money-saving apps worth it?

Yes, if you find it difficult to budget and save, then these smart saving apps can help you start saving using your current expenses and income. Often they cost you nothing but are very effective at what they do.

Saving apps like Plum will only transfer what you can afford to save, reducing the likelihood that you will dip into your savings to get to the next payday.

Should people in debt save?

It is always advised that you pay off any outstanding debt before attempting to save money. Debt will often carry interest, and this will lose you money over time. Any interest you earn in a low interest saving account, will be no match for the interest you will be paying on your debt.

However, many of the features in these saving apps will help you pay off your debts quicker. Users tend to save more using artificial intelligence and there is nothing to stop you from withdrawing the money you have saved each month and using that to pay off part of any outstanding debts you may have.

A few of the saving apps will allow you to create dedicated jars which can be a good way of putting money aside for debt.

Get a £50 Welcome BonusVisit Raisin