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Digit app review

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This microsavings app helps you save money effortlessly — but don’t expect to get rich fast.’s rating: 3.4 / 5.0


The world of finance is ever-changing, helped along by new technology. The Digit microsavings app is the perfect example of old-school frugality mixed with 21st-century tech.

With Digit, you can easily save money for short-term goals. But you might try other ways to save if you have a more rigorous target in mind.



$5 per month



Minimum deposit to open


Fee$5 per month
To waive the feeDigit is free for 30 days
Minimum deposit to open$0
Intro or bonus offerWhen you save for three consecutive months, your account is rewarded with a 0.5% annualized savings bonus.
New account fee$0
Minimum balance to earn interest$1
Interest compoundingAnnually
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More Info

Expert review

Ryan Brinks

Review by

As the news editor at Finder, Ryan Brinks melds decades of experience in business news and online content into creating comprehensive and helpful comparisons of the companies you trust your money with. He loves to innovate and put money to work while keeping a careful eye on managing risk. Beyond work, Ryan's also passionate about his family and serving his community.

Expert review

Digit is best for savers who are looking for an automated way to save. Digit learns your habits and transfers a portion of your income to a savings account where you’ll earn 0.5% APY.

However, there’s an unwaivable monthly fee of $5 a month.

What are the benefits of saving with the Digit app?

Available for download to your smartphone, Digit is a simple, FDIC-insured means to passive savings that offers:

  • Automatic transfers. Digit learns your habits, including your expected income and spending. It then transfers the leftovers into savings for you.
  • No minimum balance. Start with your small change, and let the savings add up over time.
  • Overdraft protection. Digit helps avoid overdrafts by transferring back into your checking if your balance runs too low. Plus, if the app causes your checking account to overdraft, Digit reimburses fees for up to two transactions.
  • Unlimited withdrawals. Need to tap into your savings? Withdraw what you need anytime without incurring fees.
  • Manage from mobile. View your balance, make a withdrawal, move money into your Rainy Day Fund and more from your smartphone.

What should I look out for?

Digit only offers the ability to deposit or withdraw your money online, by app or by text. Other potential drawbacks to be aware of include:

  • Monthly fee. You’ll pay $5 a month to use Digit‘s services. Or more than $35 a year.
  • Low interest. You can earn a 0.5% yearly bonus on your average daily balance, but it’s divided and paid out every three months. You’ll find a better rate with most high-yield savings accounts.
  • Limited support. You can’t get help by phone, in person or through live chat. Instead, you’ll need to email your question and wait for a response or search the online Help Center.

If you prefer a savings account with higher returns and no fees, you’ll want to keep looking. As always, compare your options when choosing a savings account.

Compare with other savings accounts

Name Product Interest rates (APY) Fee Minimum deposit to open Interest earned More info
Citibank® Account Package

0.13% on $500,000+
0.08% on $25,000 to $99,999.99
0.04% on $0 to $24,999.99
$25 per month
(can be waived)
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View details
Earn a $400 bonus after opening new eligible checking and savings accounts and completing required activities.
American Express® Personal Savings High Yield Savings
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View details
Enjoy no monthly fees and a competitive APY with this online-only savings account. Accounts offered by American Express National Bank, Member FDIC.
CIT Bank Money Market
Go to site
View details
A savings account with a higher-than-average rate and minimal fees.
Chase Savings
$5 per month
(can be waived)
Go to site
View details
A simple savings account with low, waivable monthly fees and a $150 signup bonus when you meet deposit and balance requirements.
Aspiration Spend & Save Account

1.00% on $0 to $10,000 but you’ll need to be enrolled in Aspiration Plus and make at least $1,000 in debit card purchases a month
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View details
A spend and save combo account with no monthly service fees, free access to every ATM in the world, unlimited cash back rewards and deposits insured by the FDIC. The Aspiration Spend & Save Account is a cash management account offering of Aspiration Financial, LLC, an SEC-registered broker-dealer. Aspiration is not a chartered bank.
CIT Bank Savings Builder High Yield Savings Account

0.55% on $25,000+ or set up a direct deposit of $100+ each month
0.31% on $0 to $24,999
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View details
No account opening or maintenance fees. Daily compounding interest. Earn one of the nation's top rates

Compare up to 4 providers

How do I sign up?

Get started with Digit in three easy steps:

  1. Click Apply now.
  2. Enter your cell phone number and choose a password. Click Sign Up.
  3. Choose one or more savings goals inside the app, connect your bank’s checking account and start saving.


To use the Digit app, you need:

  • A US checking account to link to Digit.
  • An iPhone or Android mobile phone.

Required information

When you sign up for Digit, you’ll need:

  • Your mobile phone number.
  • Social Security number or tax ID number
  • Your bank name and account details.

How do I deposit or withdraw money?

Digit makes use of technology for everyday transactions. Transfer money in or out of the app in three ways:

  • Online. Log in to your online dashboard from Digit‘s website.
  • App. Transfer money into your Digit account or withdraw from it using your phone.
  • Text. Text the company commands like “withdraw” or “pause” for fast transactions.

How can I get in touch with customer service?

Everything about Digit is online or on mobile, including its customer service:

  • Online. If you have a question, search the help center. It’s chock-full of articles breaking down how the app works.
  • Email. Complete the secure contact form from the help center for a response from customer service.

Frequently asked questions

Savings account ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze top savings accounts and rate them one to five stars based on factors that are most important to you. These factors include: interest rates, monthly fees, minimum deposits, customer service and account features.

Read the full methodology of how we rate savings accounts.

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