Savings goals apps help users define specific financial objectives and track progress toward achieving them. These tools often include automated savings features, visual progress tracking, and personalized recommendations to help users reach their goals faster through consistent saving habits.

Revenue from interest rate spreads on savings accounts (0.5-1%), monthly subscriptions for premium features ($2-8/month), and partnerships with high-yield savings account providers. Some platforms charge transaction fees for automated round-up savings.

• Savings Velocity

  Average monthly savings amount per active user

• Goal Achievement Rate

  Percentage of users who reach their savings goals

• Automated Savings Adoption

  Percentage of users utilizing automated savings features

Qapital, Digit, Chime