MSE Guide: Autosaving Apps

MSE_Petar

Hello.
This is the thread for MSE's

Autosavings Apps guide

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DireEmblem

So a start could be you list all the apps, or would you like us to do the work for you?

eskbanker

DireEmblem said:

So a start could be you list all the apps, or would you like us to do the work for you?

They've put forward the three that they consider to be best-buys in the article, in their usual style - what do you feel they've missed that would be worth including?

bennyboy13

I noticed today that the Chip app bonus is entirely discretionary as to whether or not it is paid to me. Amounts are small, but I was surprised.
7.2 The payment of all Bonuses is at Chip’s sole discretion. Despite any terms to the contrary on our website or elsewhere, we may choose to withhold the payment of all or part of any Bonus, including a Bonus which is showing in your account as having already accrued, even if you meet the criteria that have previously been advertised. We may give reasons for withholding the payment of all or part of a Bonus, but are not obliged to do so.

colsten

Have a carrot with your chips

Alexland

I don't really agree with Autosaving as people should learn to take responsibility for their money.

What next Autoinvest? Oh it's already been done... https://www.trading212.com/en/autoinvest

Even worse in the last mobile phone image T212 are suggesting they are for an emergency fund!

DireEmblem

@Alexland a bit off topic. 212 is not an autosaving app.  You have to setup how much you want to invest in the investments of your choosing.

Chip, Cleo and Plum I would say are aimed at people on low incomes, or struggle to understand money and save on their own.  They are very gimmicky, and could potentially be used by the lazy savers as well but that's it.

Apart from Tandem, that offered a simple easy access 0.75% interest account with their free AI savings(now removed), none of their underlying savings or fund offerings are currently competitive.  Chip's bonus 1.25% sounds good, but comes with an overly complicated set of T&C.  Also, what other company asks for a customer to sign up on their most premium/expensive account, and ask them to opt out to downgrade?

MoonBrain01

Is it possible to combine Chase with Plum benefit from both?