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Rize vs Digit

Rize is a microsaving app with unique "pay what you want" fee. Goal-focused savings with interest, or invest for long term goals. How does it compare to Digit? Read our comparison chart below.

Rize is a savings plus investment app. The savings account offers a decent interest rate, while long term savings goals can be invested for a better return. Rize has an interesting "pay what you want" approach to fees. There is no minimum to open.

While Digit analyzes your income and spending patterns and automatically withdraws affordable amounts into your savings account. It makes saving mindless so it's great if you have trouble saving. The fee is $2.99/mo (first 30 days free). There is no minimum balance requirement.

Compare Rize with Digit, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 Digit
 Learn MoreVisit Site
 

Rize

Digit

 

Benefits and Features

Savings
Yes
Yes
Annual FeePay what you want; $2/mo + 0.25% for Rize Invest
30 days free; then $2.99/month
Minimum Deposit
$0
$0
Checking
No
No
Phone Support
No
No
Live Chat Support
No
No
Email Support
Yes
Yes
Goal Tracker
Yes
Yes
Automatic Deposits
Yes
Yes
Online Platform
Yes
Yes
iPhone App
Yes
Yes
Android App
Yes
Yes
Mobile App
Yes
Yes
Taxable Accounts
Yes
No
401k Plans
No
No
IRA Accounts
No
No
Roth IRA Accounts
No
No
SEP IRA Accounts
No
No
Trust Accounts
No
No
529 Plans
No
No
 

CreditDonkey® Reviews

 Digit
Annual Fee
Minimum Deposit
Customer Service
Pros & ConsPros:
  • No minimum balance
  • Interest on Savings
  • Pay what you want
Cons:
  • High fee for Rize Invest
  • Only $50 overdraft protection
  • No phone support
Pros:
  • No minimum balance
  • Save without thinking
  • 1% annual savings bonus
Cons:
  • High monthly fee
  • No phone support
  • Not for long term savings
Bottom LineMicrosaving app with unique "pay what you want" fee. Goal-focused savings with interest, or invest for long term goals... Read full reviewGood savings app that analyzes your finances and automatically saves money... Read full review
 Learn MoreVisit Site

Rize: Pricing information from published website as of 07/02/2018

Digit: Pricing information from published website as of 07/02/2018

Which is Better: Rize or Digit?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Rize or Ally Invest.

In short: Rize's annual fee is worth mentioning.


Articles on Rize

    Rize Review

    If you are tired of not making interest on your microsavings accounts, Rize may peak your interest. Falling into the microsavings category, Rize stands out from the crowd with its interest-bearing capabilities and unlimited withdrawal options.

Articles on Digit

    Digit

    Digit automatically builds a savings fund for you by withdrawing small, affordable amounts. But it's not perfect. Is it worth the fee? Let's find out.

Which Do You Think is Best?

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Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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