Tired of struggling to save money? Automatic savings apps can help you grow your funds without thinking about it. These apps analyze your spending, round up purchases, or set aside small amounts regularly—making saving easy, smart, and stress-free.
In this guide, we’ll review the top automatic savings apps of 2024, their features, pros & cons, and pricing. Whether you’re saving for emergencies, vacations, or big purchases, these apps can help you build wealth on autopilot.
7 Best Automatic Savings Apps in 2024
1. Acorns – Best for Round-Up Savings
💰 How It Works: Rounds up purchases and invests the spare change.
📱 Best For: Passive investors & beginners.
✅ Key Features:
Automatically invests round-ups
Optional retirement accounts (Acorns Later)
$5 bonus on sign-up
❌ Downsides:
3−5/month fee
Not ideal for pure savings (focuses on investing)
💵 Pricing: 3–5/month
🔗 Download Acorns
2. Chime – Best for Fee-Free Savings
💰 How It Works: Automatically saves a % of paycheck deposits.
📱 Best For: No-fee banking + savings.
✅ Key Features:
Save When You Get Paid (auto-transfer 10%)
No monthly fees or minimums
Early direct deposit
❌ Downsides:
Requires Chime checking account
Low APY (0.50%)
💵 Pricing: Free
🔗 Download Chime
3. Qapital – Best for Custom Rules
💰 How It Works: Saves based on personalized triggers (e.g., spending, steps).
📱 Best For: Goal-based savers.
✅ Key Features:
“If This, Then Save” rules (e.g., save $5 per Uber ride)
Joint savings goals
High-yield savings option
❌ Downsides:
3–12/month fee
Slow customer support
💵 Pricing: 3–12/month
🔗 Download Qapital
4. Digit – Best for AI-Powered Savings
💰 How It Works: Uses AI to analyze spending & save small amounts safely.
📱 Best For: Hands-off savers.
✅ Key Features:
AI saves for you (no manual input)
Overdraft protection
5% yearly savings bonus (for first 3 months)
❌ Downsides:
$5/month fee
No interest on savings
💵 Pricing: $5/month
🔗 Download Digit
5. Oportun (Formerly Digit) – Best for Low-Income Savers
💰 How It Works: Similar to Digit, but with credit-building tools.
📱 Best For: Building credit + savings.
✅ Key Features:
Automatic savings + credit builder loan
No overdraft fees
FDIC-insured
❌ Downsides:
$5/month fee
Limited customization
💵 Pricing: $5/month
🔗 Download Oportun
6. Ally Bank – Best for High-Yield Savings
💰 How It Works: Auto-transfers to a high-APY savings account.
📱 Best For: Maximizing interest.
✅ Key Features:
4.25% APY (as of 2024)
“Surprise Savings” (AI-driven deposits)
No fees
❌ Downsides:
Requires Ally checking account
No round-up feature
💵 Pricing: Free
🔗 Open Ally Account
7. Empower (Formerly Personal Capital) – Best for Wealth Building
💰 How It Works: Tracks spending & suggests auto-savings.
📱 Best For: Investors + savers.
✅ Key Features:
Free financial dashboard
Savings planner tool
Retirement-focused
❌ Downsides:
No automatic round-ups
Upsells wealth management
💵 Pricing: Free
🔗 Download Empower
Comparison Table: Best Automatic Savings Apps
| App | Best Feature | Fee | Savings Method | Best For |
|---|---|---|---|---|
| Acorns | Round-up investing | 3–5/month | Spare change | Passive investors |
| Chime | Paycheck auto-save 10% | Free | % of deposits | Fee-free users |
| Qapital | Custom savings rules | 3–12/month | Triggers (e.g., spending) | Goal-based savers |
| Digit | AI-powered savings | $5/month | Algorithm-based | Hands-off savers |
| Oportun | Credit-building + savings | $5/month | AI + loans | Low-income savers |
| Ally | High-yield savings (4.25%) | Free | Automatic transfers | Interest maximizers |
| Empower | Wealth tracking | Free | Manual + suggestions | Investors |
How to Choose the Best Automatic Savings App?
Set Your Goal – Emergency fund? Vacation? Investing?
Check Fees – Free vs. paid (e.g., Acorns vs. Chime).
Savings Style – Round-ups, AI, or paycheck splits?
APY Matters – Ally & Chime offer interest; others don’t.
Extra Features – Credit-building (Oportun) or investing (Acorns)?
Which App Wins?
Best for Investing Spare Change: Acorns
Best Free Option: Chime
Best for Custom Rules: Qapital
Best AI Savings: Digit
Best for High-Yield Savings: Ally
Pro Tip: Use multiple apps—e.g., Acorns for investing + Ally for high-interest savings.