Just starting out and having problems saving? Microsavings services are the latest fintech invention that makes saving and investing easy. These microsavings apps set aside your "pocket change." With a little bit saved over time, it eventually adds up to a lot. It might not enable you to buy a new house, but it will get you started down the savings road.
These services mostly target Millennials who use their mobile devices to do their banking and investing.
We differentiate microsavings from robo-advisors in that these services are for small amounts of savings and lack the option of opening a retirement account.
Also, it is worth mentioning some services like Digit are really geared toward short-term savings because you earn no interest. Whereas Acorns and Stash allow you to not only save but micro-invest in the stock market.
The following apps will do what you need, but one might fit your lifestyle better than the others. Read our reviews as you consider your specific situation.
Robo advisors and microsavings platforms are two fast-growing types of financial tech (fintech) services. But there's a crucial difference.
Robo advisors and microsavings platforms are two fast-growing types of financial tech (fintech) services. But there's a crucial difference.
We've reviewed a number of the top microsavings services on the market. But how do they differ? In this side-by-side chart, we compare the most important features.
We've reviewed a number of the top microsavings services on the market. But how do they differ? In this side-by-side chart, we compare the most important features.
Acorns is one of the most popular microsavings apps. But are you getting the most out of it? Here's our guide of "hacks" to optimize your Acorns experience.
Acorns is one of the most popular microsavings apps. But are you getting the most out of it? Here's our guide of "hacks" to optimize your Acorns experience.
Acorns and Stash are two super-popular micro-investing apps. But which one is better? We've broken it all down for you in this detailed comparison.
Acorns and Stash are two super-popular micro-investing apps. But which one is better? We've broken it all down for you in this detailed comparison.
If you're just starting out with saving, here are Investor Junkie's picks for the best microsavings services to get you going.
If you're just starting out with saving, here are Investor Junkie's picks for the best microsavings services to get you going.