The best money saving apps in the US

These apps are built to make saving easier — even if it’s the last thing on your mind.

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Between bills, loans and everyday purchases, life can get expensive. But thanks to technology, we have access to a range of money saving apps built to help us cut down on costs, sweep our spare change into savings and help us invest. Here’s our list of the best money saving apps for 2020.

Best round-up apps for saving money

Qapital

With Qapital, you determine when your purchases get rounded up. For example, you can ask the app to make a deposit every time you dine out or visit the gym. Once you set your goals and rules, sit back as the app rounds up change from your purchases to the nearest dollar and moves it to your savings accounts.

Compatibility:iOS 11.0 or later and Android 5.0 and up

Monthly fee: $3, $6 or $12

Service fee: $0

Acorns

Acorns is a micro-investing app that allows you to invest your spare change into a personalized investment portfolio. Once you connect your credit card, Acorns will round up your purchases and send the leftovers to your investments.

Compatibility: iOS 11.0 or later and Android

Monthly fee: $1, $2 or $3

Service fee: $0

Digit

Digit is a micro-savings app designed to help you to save money you won’t miss. Once it’s connected to your checking account, its algorithms start learning your financial habits and calculating how much you can afford to save. Then, it strategically transfers money into savings.

Compatibility: iOS 9.0 or later and Android 4.1 and up

Monthly fee: $2.99

Service fee: $0

Best apps for investment

E-Trade

E-Trade was one of many brokers to switch to a commission-free trading model in October 2019. It’s a solid option for new and experienced investors. But it has higher-than-average margin rates.

Compatibility: iOS 11.0 or later and Android 5.0 and up.

Monthly fee: $0

Service fee: $0

Stash Invest

With Stash Invest, you can start saving for your future with as little as $5. The app starts by asking you a series of questions to gauge your investing experience. Then, it suggests certain stocks and ETFs based on your answers.

Compatibility: iOS 11.0 or later and Android 5.0 and up.

Monthly fee: $1, $3 or $9

Service fee: $0

Robinhood

Robinhood is a stock and options trading platform built for new and experienced traders alike. It has zero commissions. But stock prices are known to lag within the app, so it’s not ideal for active day traders.

Compatibility: iOS 11.0 or later and Android

Monthly fee: $0 or $5

Service fee: $0

Best apps for budgeting

Simple

Simple is an online bank account with built-in tools to help you budget and save. As you deposit money into your account, you divvy it up between recurring expenses and savings goals. Then, you can confidently spend the rest knowing your necessities are taken care of.

Compatibility: iOS 11.0 or later and Android

Monthly fee: $0

Service fee: $0

Mint

Mint is a free budgeting app that helps you track and manage your expenses, create budgets and monitor your credit. It’s free to use, but customers complain of occasional technical glitches.

Compatibility: iOS 10.0 or later and Android 5.0 and up

Monthly fee: $0

Service fee: $0

Clarity Money

Clarity Money by Goldman Sachs helps you track your spending, negotiate bills and save money for long-term goals. It’s free to use, but you’ll pay a fee equal to 33% of your savings if the app successfully negotiates a bill for you.

Compatibility: iOS 11.0 or later and Android 5.0 and up

Monthly fee: $0

Service fee: 33%

How we chose the best money saving apps

To narrow down the best money saving apps for today’s savers, we considered key factors like how much it costs, how easy it is to use, how quickly it helps you grow your savings and the extent of its capabilities. That meant digging into account details like interest rates, fees, account features, compatibility, terms and conditions to bring you our best list.

What’s changed in 2020?

For 2020, we added the top three money saving apps for round-ups, investments and budgeting. Before that, our page had two categories: apps that help you cut costs and apps that round up to help you save.

We removed most of the apps that only help you cut costs, such as Ibotta, Paribus and BillShark in favor of apps like Clarity Money, that help you cut costs and budget.

Compare saving apps

Name Product Interest rate (APY) Fee Minimum deposit to open
Clarity Money
1.70%
$0
$0
This Goldman Sachs tracking tool includes a bill-negotiation service to reduce your annual bill and free credit score monitoring.
Digit
1.00%
$2.99 per month
(can be waived)
$0
Digit analyzes your spending and automatically saves an appropriate amount every day so you don't have to think about it.
Qapital
0.10%
$3 per month
(can be waived)
$10
Saving for something special is fun. Qapital helps you get there faster with goals and rules. Plus, you can even team up with others to reach joint goals.
Qoins
$1.99 per month
(can be waived)
$0
Use spare change from everyday transactions to make an extra payment toward your debt, every month.

Compare up to 4 providers

Name Product APY ATMs Fee
Emma
$0
Emma helps you in avoiding overdrafts, finding wasteful subscriptions and giving you control over your finances.
Clarity Money
Clarity Money
No access to ATMs
$0
Organize your expenses, break down your spending by category, and track your transactions at a glance.
Charlie
No access to ATMs
$0
Get personalized financial advice, set goals and create a budget with this chat-based AI assistant. But you’ll need to allow access to your Facebook account.
Trim
No access to ATMs
$0
Get financial advice, pay off debt, create a budget and automate savings with this budgeting app. But be prepared to pay for extra features.
Dave
Over 32,000 MoneyPass ATMs nationwide
$1/month
(can be waived)
This digital-only deposit account features overdraft protection, interest-free cash advances and no minimum balance. But prospective new account holders are waitlisted.
Mint
No access to ATMs
$0
Mint helps you keep track of your bills, budget and balances — but you'll need to give it your bank login.
Chime Spending account
0.01%
38,000 fee-free ATMs nationwide
$0
Linked checking and savings accounts from a mobile-first bank that’s light on fees.
Cushion
No access to ATMs
$0
This app fights financial fees on your behalf ⁠— but you'll need a Facebook account.

Compare up to 4 providers

Name Product Minimum deposit to open Available asset types Annual fee
Acorns
$0
Stocks
Bonds
ETFs
$1 per month
Invest your spare change. Anyone can grow wealth.
Personal Capital
$100,000
Stocks
Bonds
ETFs
Cash
Real estate
0.89% on balances up to $999,999

0.79% on balances of $1,000,000 to $2,999,999

0.69% on balances of $3,000,000 to $4,999,999

0.59% on balances of $5,000,000 to $9,999,999

0.49% on balances of $10,000,000+
Offers financial analysis and tracking, plus wealth management services. User-friendly interface with a retirement planner component.

Compare up to 4 providers

The best bill splitting apps to use with friends

Bottom line

Many of us have a long list of monthly expenses. With so many payments to keep track of, it can be hard to save. These apps were designed to automate the savings process and put money aside – with little to no effort on your part.

To get serious about managing your money, compare the latest budgeting software options.

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