The app that gets you better at saving & spending in seconds!
See it explained in 90 seconds
Still have questions? Here are some common ones
How does Squirrel work and do I keep my bank account?
Once you enable Squirrel your pay is diverted into your Squirrel account,
where we hold back money for savings and budgeting. The rest of your pay goes straight
into your bank account as normal. Once you’re ready to receive your savings then these
get paid out into your bank account too.
How safe is my money?
Your money is held in cash in a special prepaid account (so your money never gets lent
out, like with a normal bank account). It is held in your name in a segregated e-money
account. It remains yours at all time, Squirrel just moves money for
you when you need us to.
What happens if I want to stop using Squirrel?
We’ll be very sad to see you go! Leaving Squirrel is easy - just tell your employer you
want to be paid
into your normal bank account. Then tell us and we’ll pay any money you’ve saved back
How is saving with Squirrel different from my existing savings account?
Squirrel makes it easy to save and importantly helps to keep you motivated to not to
withdraw your savings early - unlike a normal savings account.
- It's easy to create personalised savings pots for all the things you might want to
save for. You can add your own names and pictures to savings and set goals and track
progress - proven ways of staying motivated about your saving
- Saving to your goal's is automatic and is deducted before you're even paid. This
means you don't notice the money being Squirrelled away and never forget to save!
- Your money is kept safe in your Squirrel account, separate from your normal bank
account, so you're less tempted to dip into savings. It takes one working day for
withdrawals to arrive, so you can resist those impulse buys
- Combine this saving with Squirrel's budgeting features and weekly payments and
you'll find you can save so much more!
Do I get any interest on savings?
Your money is held in a non-interest bearing account and isn’t lent out, so neither
Squirrel, nor your account gets any interest. We believe we can help you to save money
for the things you need, rather than getting interest on savings you don’t yet have.