The best auto savings apps and hacks

Automating savings with AI and more is an easy way to see your savings grow

Often one of the biggest barriers to putting money into savings is simply remembering to do it. So your salary comes into your current account and stays there. Some of it goes to bills, some of it to shopping and going out. And before you know it, there’s not much (or any) left to put into savings. So nothing gets saved. And this repeats month after month.

But it is possible to break that chain so some of your money goes into savings before you can spend it – and you don’t even need to do anything each month. After the initial set up, these three methods will automatically move money out of your main account into a separate account.

Set up standing orders 

This is the simplest way to ensure you save every single month. Doing this means the money is automatically saved month after month.

You need to do three things. First, set up a separate account which is just for your savings (try for one with some kind of interest, though that’s hard right now). This doesn’t have to be a standard savings account with your current bank. It can even be a separate current or savings account at a different bank where it’s possible to get 7% with both Santander and First Direct.

Then work out how much you can afford to save each month. This isn’t difficult. Just add up all your regular bills and essential outgoings such as food and petrol for a month and deduct this from how much you earn in a month. What you’ve got left is what you have to spend for the rest of the month until your next payday. You’ll need some of this for fun stuff, but you’ve got 

Finally, set up a standing order for that amount to come out of your current account and into your separate account on the same date every month. This is often referred to the “pay yourself first” savings method.

Personally I’d set this to be as close to payday as possible so you can’t spend the cash before you save it. If your payday tends to move when it happens on a weekend, then allow a couple of days before the standing order takes the cash. You can always change the size of the direct debit if you feel it’s too much or too little.

Use an AI app

If you’re not confident you have enough money spare each month to save at payday then there are some apps that will help save smaller amounts as the month goes on.

Once you’ve downloaded the app you need to connect it to your bank account. Doing this gives each app access to see your bank balance and monitor regular payments in and out. The apps then use smart algorithms to analyse your spending.

Now it’s the clever bit. The apps can work out how much they think you can afford to save, and transfer that money automatically to a separate account. Slowly but surely the total saved adds up. You can, of course, use one of these as well as set up standing orders in order to save that little bit more each month.

With each of these apps you have the ability to increase or decrease how much and how often you save, and well as reject a saving if you think you need to keep hold of the money. And if you change your mind it’s easy to withdraw the money back to your current account, though it might not be until the next working day, depending on the app.

I know some people worry about the safety of this but your banking data is all encrypted to keep it safe. Your money is also protected if the companies running the apps were to go bust, though not necessarily if the bank holding the cash goes under. I’m happy with the ones listed below but if you’re not comfortable with doing this then do a bit more reading to put your mind at ease.

Here are the main artificial intelligence savings apps that will automatically move money for you:


The free version is all you need for the automatic savings, though if you choose to pay more you’ll also have access to Plum Plus which comes with an investment platform. Interest is 0.25% on the free version.

If you put your money into the interest-paying pocket, it’s held with Investec and protected up to £85,000 by FSCS.


Sprive is an app doing the same thing, though it has one major difference – the money saved goes towards overpaying your mortgage rather than a savings account. If your mortgage rate is higher than what you can get in savings, and if you already have a substantial emergency savings fund, this could be a better option for you.

Just bear in mind once it’s in the mortgage it’s much harder to access that cash if you need it later (you’d need to remortgage and release capital). It’s also early days so not all mortgage providers can be connected.

When you first sign up you can get £5 by using the code 5NN3KXFL, or it’s worth checking the rate offered by TopCashback.


The AI feature on Chip stopped being free to all users in mid-2022, so I wouldn’t use this app for auto-savings.

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Round up your spending automatically

The most common way to get money in your savings account without any effort is to use a “rounding up” system. When you spend money, the bank will round up the transaction to the nearest pound, moving this spare change across to a savings account. For example, spend £3.75 and 25p will be moved over.

I rarely use this option myself as I tend to spend with my cashback cards instead, but I like the idea of small amounts adding up each time you shop. If you use your debit card a lot it could quickly build up a few quid every day or two.

More and more banks (listed below) offer this and you’ll need to opt-in for the rounding-up to happen. All work a little differently so make sure you understand how what you’re signing up to. And if your bank doesn’t offer this there are third-party apps you can try.

Chase Bank Round ups

This is the best of the bunch as you’ll get 5% interest on the money moved over. You need to activate it in the app. It’ll last for 12 months and then all the money will be moved to your main account, but you can start the round-ups again.

This is the only one I’ve used since there’s also 1% cashback with Chase for the first year, so I’ve been using the card. Here’s our Chase Bank review.

Halifax, Lloyds & Bank of Scotland “Save the Change”

It’s the same system at these three big banks. Activate Save the Chance on your account and each time you use your debit card the difference to the nearest pound is paid into a savings account. You need to have an eligible savings account with the bank.

MoneyBox round ups

One of the first services to offer a round-up option in the UK, MoneyBox is different from the others as it’s not a bank. Once it’s rounded up the money you’ve got options of where to save it. Though it’s mainly about getting people to invest, there are also cash savings options including a Lifetime ISA.

Monzo Round Ups

As you’d expect with Monzo, the Round Up feature is easy to activate. Here’s my review of the digital-only bank.

Nationwide Spare Change

Activate “Impulse Saver” in settings on your app. After this you’ll see the round-ups mount up – but it won’t automatically move to your separate savings account, you need to select to move them across.

Natwest and RBS Round Ups

Round ups will be moved when the transaction is processed, which could be up to four days after spending. You can actually move round ups into the high-paying Digital Regular Saver (5.12%) and it won’t count towards the £150 monthly limit. However, interest is still only paid on the first £5,000 saved.


Alongside the AI feature listed above, Plum also lets you connect lots of bank account and run this feature – Great if you’re not already with one of the banks that offers this. So it’s useful for users of:

  • Barclays
  • Danske Bank
  • First Direct
  • HSBC
  • Santander

Sadly, though you can connect Plum to your American Express card, it won’t work for round-ups.

There’s also a “Pound Up” option where you add a full pound to your savings if the purchase is a round number.

Revolut Spare Change

All Revolut accounts, including the free version, have a feature where pennies are rounded up to the nearest pound and paid into one of your Vaults. Interest on the free account is just 1.18%

Starling Round Ups

You’ll find the Round Up feature when you set up a separate Space in your account. Here’s my Starling review.

TSB Save the Pennies

If you’ve got a TSB Spend & Save current account you can choose to turn on Save the Pennies. You can actually have the top-ups pay into a savings account held by a family member or friend if you choose. I’m not a massive fan of this account, but if you are going to apply for it, make sure you go via Quidco for some bonus cashback.

Trigger auto-savings & savings challenges

The final form of automated savings is something I’m calling “triggered” savings. Effectively, when a certain event happens your bank will move money from your main account into a separate savings pot. This could be when it rains, or when you go to a certain location.

Monzo and IFTT

The main bank for this is Monzo, which you can connect to an app called IFTT (If This Then That). You can set up things like simple savings challenges very easily, choose from a catalogue of pre-made options or create your own. Here’s a video I made looking at this in more detail.


The paid version of Plum also offers some of the standard ones, eg the 1p savings challenge, but I don’t think it’s worth paying extra for this.

The best auto saving apps

Andy’s Analysis

So there are a lot of options for auto saving, here are the ones I’d recommend:


Focus on Plum in the first instance. It’ll be the most impactful. But move your money across to a better paying account at least every month, if not weekly.


I’d also suggest you try Chase. Mainly because of the 1% cashback, but the 5% on round ups doesn’t hurt either!


Finally, if you already use Monzo, then the IFTT feature has huge potential to add more to your savings. And it could be fun!

2 thoughts on “The best auto savings apps and hacks

  1. I use Moneypoint and spreadsheets which I update daily across my portfolio of approx 15 Current Accounts, Regular Savers, Fixed Rate Bonds, ISAs & Credit Cards. This is currently earning me 5.85%.
    I have time on my hands as recently retired and spend no more than 10 minutes per day on this. I keep no more than £150 in my current accounts, noting when any DD’s & standing orders are due out and transferring in funds from Zopa.
    Similarly with pensions etc coming into my account, I transfer into Zopa the vast majority of those funds. I use Zopa as a ‘holding account’ which is readily transferrable. Again any excess funds are moved into higher interest accounts where necessary.
    I do not carry cash.
    I pay everything by credit card (apart from utilities etc)
    I find it therapeutic to manage all my transactions!

  2. This is fab! I have always wanted to have savings and am really trying. I never thought of using the automatic savings things like plum becuase i was really scared about giving them access to my account. Might have to give it a go now though!


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