Sterling Savvy


Best Money Saving Apps in the UK 2024

Tobi Opeyemi Amure
Reviewed by:
Best money saving apps UK

In the UK, 39% of adults (20.3 million) don’t feel confident managing their money1.

I want to help change that.

Using something as simple as a money saving app can help you manage your money better, but which one do you choose?

Having worked in the retail investment sector in the financial heartbeat of the UK (London) over the last four years, I had the opportunity to experience the rise first-hand.

Additionally, in my role working for one of the UK’s leading financial companies, “a trustworthy and respected provider of news, education and market analysis for the everyday investor”, I was able to work with and test some of the biggest money and saving apps on the market.

Using my experience in this field, I’ve compiled a list of the best money saving apps in the UK based on factors such as usability, safety, fees and additional features.

All the saving apps I’ve reviewed below are available on Android and iOS, and more importantly, regulated by the UK’s financial watchdog, the Financial Conduct Authority (FCA).

So, in a nutshell, what are the best money saving apps in the UK? The best money saving apps in the UK include Plum, Raisin and Moneybox. Plum offers automated savings through AI analysis of your spending patterns, while Raisin focuses on high-interest savings accounts and term deposits. Moneybox rounds up your daily purchases and invests the spare change into diversified portfolios.

Best Apps to Save Money Ranked

Here is a quick list of the best money saving apps to use in the UK based on my hands-on analysis:

  1. Plum – Best for beginners
  2. Raisin – Best for selection of banks & building societies
  3. Moneybox – Best for ISAs
  4. Cleo – Best for saving money with tailored insights & practical tips
  5. Emma – Best free app


Take a look at the reviews and list I’ve prepared below of the top money-saving apps available in the United Kingdom.

1. Plum – Best for beginners

Plum - Overall best money saving app UK

As a customer myself, I am confident in recommending Plum as the go-to money-saving app for individuals seeking a seamless and rewarding saving experience.

With its innovative features, user-friendly interface, and commitment to security, Plum stands out as the expert choice to help users achieve their financial goals.

Plum’s intelligent analysis of spending habits sets it apart from its competitors.

By leveraging its connection to users’ bank accounts, Plum effectively assesses income, expenses, and financial patterns.

Through automated algorithms, the app identifies small amounts of money that can be saved without impacting users’ day-to-day lives. This tailored approach ensures consistent savings growth and acts as a reliable foundation for financial success.

The range of savings options offered by Plum is truly impressive. From easy-access savings accounts to investment funds, the app provides users with a diverse set of choices.

Additionally, Plum’s unique “Rainy Days” feature safeguards against unexpected expenses by setting aside money for such situations. This added layer of security ensures users are well-prepared for life’s surprises.

Plum’s user interface is designed with simplicity and clarity in mind. Users can effortlessly navigate the app and gain a comprehensive overview of their savings goals and progress.

The app’s proactive notifications provide timely updates and allow users to stay informed and motivated on their financial journey.

The security of personal and financial information is of utmost importance, and Plum takes this seriously. With robust encryption and secure data storage, users can trust that their details are safeguarded within the app’s ecosystem.

What truly distinguishes Plum is its commitment to helping users make informed financial decisions. The app’s chatbot feature offers personalised insights, prompt answers to queries, and valuable suggestions for optimising savings.

This tailored guidance, available 24/7, ensures users have access to expert advice whenever they need it.

Overall, Plum is an exceptional money-saving app that simplifies the process of saving and investing.

Its intelligent algorithms, diverse savings options, user-friendly interface, and commitment to security make it a standout choice.

Whether you’re a beginner or a seasoned saver, Plum is an invaluable tool to help you achieve your financial goals. I highly recommend Plum for anyone seeking a seamless and rewarding money-saving experience.

  • Interest: 0% – 3.82% AER
  • Cost: £9.99 per month
  • FSCS Protection: Up to £85,000

2. Raisin – Best for selection of banks & building societies

Raisin - Best savings app UK for selection of banks & building societies.

Connecting users to competitive interest rates, Raisin is a great option for those looking to grow their savings. This free app connects users to a range of savings accounts from various banks across the UK and Europe.

With Raisin, users can easily compare interest rates and choose the best option for their savings goals.

One of the standout features of Raisin is the sign-up bonus of £50, which users can receive by depositing anything in excess of £10,000. This is a great incentive for those looking to make larger deposits and earn more interest.

Additionally, Raisin offers FSCS protection, ensuring that users’ money is safe and secure. Overall, Raisin is a smart choice for those looking to maximise their savings and grow their wealth over time.

  • Interest: ‍0.05% – 3.90% AER
  • Cost: £0
  • FSCS Protection: Up to £85,000

3. Moneybox – Best for ISAs

Moneybox - Best money saving app for ISAs.

You’ll love Moneybox for its variety of savings accounts, including a Lifetime ISA with a government bonus of 25% on all deposits up to £4,000 per annum.

This app is a great option for those who want to save for long-term goals like a first home or retirement.

Moneybox also offers a range of other saving options, including easy-access accounts and fixed-term savings accounts, with competitive interest rates.

What sets Moneybox apart from other apps is its focus on ethical investing.

The app offers a range of socially responsible investment options, allowing users to invest in companies that align with their values.

While investing always comes with risks, Moneybox makes it easy for users to start small and gradually build their portfolios.

Overall, Moneybox is a great choice for those looking for a variety of savings options and a socially responsible way to invest.

Read my full Moneybox review.

  • Interest: 3% – 4% AER
  • Cost: £0
  • FSCS Protection: Up to £85,000

4. Cleo – Best app for saving money with tailored insights & practical tips

Cleo - Best app for saving money with tailored insights & practical tips.

Cleo is an invaluable smart financial assistant that revolutionises the way we manage our money.

With its innovative features, user-centric design, and personalised insights, Cleo stands out as a game-changer in the realm of money-saving apps.

Cleo’s standout feature is its intuitive AI-powered chatbot. With a friendly and conversational interface, Cleo provides real-time insights into your spending habits, budgeting, and savings goals.

Its ability to understand natural language queries makes managing finances effortless and enjoyable.

What sets Cleo apart from its competitors is its deep understanding of user behavior and personalised recommendations.

By analysing your transactions and financial patterns, Cleo provides tailored insights and practical tips to help you make smarter financial decisions. Its ability to detect trends and identify areas for improvement is truly remarkable.

The visual representation of your spending and saving habits through Cleo’s sleek and user-friendly interface is both informative and motivating.

Cleo’s interactive charts and graphs allow you to track your progress and visualise your financial goals, empowering you to stay on top of your money matters.

Cleo’s commitment to security and privacy is commendable. The app employs robust encryption and authentication measures to ensure the safety of your financial data.

You can trust Cleo to handle your sensitive information with utmost care and protection.

One area where Cleo could further improve is in expanding its integrations with other financial platforms and institutions. While it already connects with major banks, broader compatibility would enhance the app’s usability for a wider range of users.

  • Interest: 0%
  • Cost: £0
  • FSCS Protection: Up to £85,000

5. Emma – Best free app

Emma money saving app.

I am impressed with Emma, a comprehensive money-saving app that caters to the modern individual.

With its user-centric design and powerful features, Emma sets itself apart from its competitors.

From a user’s perspective, Emma excels in providing a holistic view of your finances.

Its intuitive interface allows for easy tracking and categorisation of expenses, giving you a clear understanding of your spending patterns. With visualisations and personalised insights, Emma empowers you to make informed financial decisions.

One aspect that distinguishes Emma is its ability to connect with multiple bank accounts, enabling you to manage all your finances in one place. This integration enhances convenience and efficiency, saving you valuable time and effort.

Moreover, Emma’s evolution has been remarkable. With each release, the app introduces new features and enhancements based on user feedback, addressing concerns and improving the overall user experience.

This commitment to continuous improvement is commendable.

In terms of benefits, Emma’s advanced budgeting tools and goal-setting features help users take control of their finances. The ability to set spending limits, track progress, and receive alerts contributes to better financial discipline and long-term savings.

While Emma offers a multitude of advantages, it’s worth noting that some users may find the app’s advanced features overwhelming at first.

However, the comprehensive help resources and responsive customer support mitigate any initial challenges.

In conclusion, Emma is an exceptional money-saving app that empowers users to take charge of their financial well-being.

With its intuitive interface, multi-account integration, and continuous improvements, it sets a high standard in personal finance management.

Factors to Consider When Choosing

When choosing a money-saving app, there are several factors to consider to ensure you select the right one for your needs.

Here are some tips on how to choose the best money-saving app for you:

  • Research and Read Reviews: Start by researching different money-saving apps available. Read user reviews and ratings to understand their features, usability, and overall user experience. Look for apps that have positive reviews and a good reputation.
  • Compatibility and Platform: Check if the app is compatible with your device’s operating system, such as iOS or Android. Ensure that the app is available for download on the platform you use.
  • Features and Functionality: Consider the specific features and functionality offered by the app. Look for features such as expense tracking, budgeting tools, goal setting, automatic savings, bill reminders, and financial insights. Determine which features are most important to you based on your financial goals and priorities.
  • Security and Privacy: Pay attention to the app’s security measures and privacy policy. Look for apps that use encryption to protect your financial information and have secure login methods. Ensure that the app has a strong track record in safeguarding user data.
  • Integration and Compatibility with Banks: Check if the app integrates smoothly with your bank accounts or credit cards. Look for apps that support a wide range of financial institutions to ensure seamless connectivity and accurate transaction tracking.
  • User Interface and Ease of Use: Consider the app’s user interface and ease of use. A well-designed and intuitive interface will make it easier for you to navigate the app, input your financial information, and access the features you need.
  • Cost and Pricing Structure: Some money-saving apps are free, while others offer additional premium features at a cost. Determine whether the app’s pricing structure aligns with your budget and if the premium features are worth the investment for your financial needs.

By considering these factors, you can choose a money-saving app that aligns with your financial goals, preferences and provides a positive user experience.

Final Thoughts

Overall, there are numerous money-saving apps available in the UK that can help individuals save small amounts of money each month.

From Plum to Emma, each app offers unique features that can help users identify areas where they can cut back on spending.

In addition to savings, many of these apps also offer investment opportunities and pension plans, making them a valuable tool for long-term financial planning.

By using these apps regularly, individuals can build up a savings pot and work towards achieving their financial goals.

So, if you’re looking to save money in a simple and effective way, consider downloading one of the top money-saving apps available in the UK today.


What is the best round-up savings app?

Plum is the best round-up savings app available. With its intuitive interface and automated savings features, Plum makes saving money effortless. It seamlessly rounds up your everyday transactions and saves the spare change for you. Additionally, Plum offers various savings options, intelligent budgeting tools, and personalised recommendations to help you reach your financial goals faster.

Are money-saving apps safe?

All the money-saving apps listed here prioritise user safety. They offer Financial Services Compensation Scheme (FSCS) protection up to £85,000, ensuring that your money is safeguarded even if the app faces financial difficulties. Additionally, many of these apps hold an electronic money license, meaning they keep client funds separate from their own accounts in secure bank accounts. Regulated by the Financial Conduct Authority (FCA), these apps are closely monitored to prevent any dubious practices, providing you with peace of mind. They also employ advanced encryption technology to maintain the security of your personal information.

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Will Fenton is the founder of Sterling Savvy. He is a personal finance expert and writes about trading, investing, budgeting, and other financial topics.

Along with his education in Economics & Finance, he has experience working in the financial services industry in London working for one of the UK’s leading financial companies, “a trustworthy and respected provider of news, education and market analysis for the everyday investor”.

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