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Best money saving apps UK – turbo charge your savings simply, easily and quickly

These are the best money-saving apps UK right now. With tough financial times ahead, we all need to do what we can to get ourselves as financially fit as possible. Harnessing technology is a simple and powerful place to start.

You’ve got a lot of options out there, so we’ve saved you some time by trying them all out ourselves. Here’s our rundown of the best money-saving apps UK, have a look through and decide which one would work best for your current set-up and goals.

Heads up – We aim to produce honest and accurate content, however, we are not financial advisors. If you need financial advice, Unbiased can connect you with a suitable professional for free. Some of our links may earn us a small commission to help us run the site.

What are the best money-saving apps UK?

  • PLUM…best for – regular savings
  • MONZO…best for – budgeting
  • STARLING…best for – mobile banking
  • REVOLUT…best for – foreign currency
  • MONEYBOX…best for – investing
  • CURRENSEA…best for – travelling
  • CHIP…best for – novel investments (cars, wine, art etc.)

Scroll down or use the Contents table above to take a deeper dive into each one and read our full reviews.

These best money-saving apps UK can help with tasks like automating your budgeting and savings. In fact, many use Artificial Intelligence to calculate what you can afford to save and can even help you start investing too.

In addition, many of these apps offer basic accounts which are free, along with funky features such as automatic round-ups. Some features do require a paid-for account though, so make sure you check before you get going.

When comparing the saving apps, it’s important to consider if they’re FSCS protected. If so, this means £85,000 of your money is covered if the app provider goes out of business.

PLUM...best for - regular savings

Good for – if you’re struggling to save regularly

FSCS protected – yes

The Plum savings app works by harvesting small amounts of money from your current account. It does this by harnessing AI to calculate what you can afford to save, based on your spending.

The amounts can be barely noticeable, which is helpful if you lack the discipline to save regularly. It then stores these savings separately and grows them over time.

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MONZO...best for - budgeting

Good for – budgeting, saving for specific goals

FSCS protected – yes

Monzo was one of the first digital players to challenge the traditional big banks.

Being driven only through an app, it analyses your spending habits, makes managing your account easy and provides ‘pots’ in which to save for specific things.

Importantly, Monzo is also a fully-featured bank account, rather than an app that connects to your current account.

Monzo has a tonne of nifty features, so check out our full review.

STARLING...best for - mobile banking

Good for – mobile money management

FSCS protected – yes

Starling was voted the Best British bank in 2018, 2019 & 2020, just saying.

Arguably, it was the first digital-only, no-branch challenger bank to give the traditional banks a run for their money.

In essence, Starling promises “banking built for mobile living with insightful money management tools”.

It has a wealth of features, so check out our full review.

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REVOLUT...best for - foreign currency exchange rates

Good for – travelling, cryptocurrency

FSCS protectedyes (via your bank)

Revolut is a digital bank with a host of travel features, including accessing the very best exchange rates, travel lounges and overseas medical insurance.

Plus, there are other slightly left-field tools including cashback, a very cool metal bank card and the ability to buy cryptocurrency.

And it does all this from a single, easy-to-use app. Check out our review to learn more.

MONEY BOX...best for - investing

Good for – learning to invest

FSCS protected – yes

Moneybox was a game changer. It made investing easy, simple and accessible to everyone.

Like many of the apps here, it uses round-up technology. Crucially, though, rather than simply saving the little bit of money it syphons off, it invests it. So if you spend £3.50 on a coffee, it will round the price up to £4.00 and invest the extra 50p. Over the course of weeks, months and years, it soon adds up.

No need to worry about large standing orders, deciding on your portfolio or calculating complex charges. Moneybox takes care of everything. Perfect when setting out on your investing journey.

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Currensea...best for - ecofriendly and secure travel

Good for – saving money, improving security and reducing environmental impact when travelling

FSCS protected – N/A (funds always remain in your main bank account)

Currensea is a travel debit card that connects to your main bank account. It claims to save up to 85% on every transaction and improves your security when travelling.

Plus, they’re ardently trying to improve their environmental credentials. To do this, they’ve pledged to remove 2.5 times the plastic they use from the world’s oceans. If you want, you can contribute a % of your savings towards this goal.

Currensea bank card with exotic beach background

CHIP...best for - novel investments (cars, wine, art etc.)

Good for – easy investing into interesting portfolios (cars, wine, art etc.)

FSCS protected – yes

Chip is an award-winning app that uses AI at its core to maximise your investments.

At its heart, it harnesses AI to calculate what you can afford to invest, then it does it automatically for you.

Interestingly, it goes beyond the usual Stocks and Shares ISAs and typical investment funds. With CHIP investing, you can invest in a share of a vintage car, fine wine or rare art.

Summary - best money saving apps UK

The best money-saving apps UK can help you harness technology to make significant improvements to your financial health.

There are some important things to consider. Such as whether it’s an app that connects to your main current account, or if it’s a bank account in its own right.

Plus, you should check if and how your money is protected, should the bank fail.

But, once checked, using a few or even just one of these money-saving apps could revolutionise your financial fitness.

If you still have questions, please come join our supportive UK Personal Finance club on Facebook where you’ll find other like-minded individuals. It’s a safe, private community where you can ask questions and learn more about making the most of your money. Best of all, it’s free! I’d love to see you there.

Here’s to your Financial Fitness

EatSleepMoney.co.uk does not offer financial advice and is intended for reference/information only. Remember, you should always carry out your own research and/or take specific professional advice before choosing any financial products or services or undertaking any business or financial venture. If you need financial advice Unbiased can connect you with a suitable professional for free. Investments may go up as well as down and you may get back less than you put in.