Savings Interest Rates, Switch Offers and Guides for Snoop

Who they are

Snoop's money management app was one of the first budgeting apps to launch in the UK, back in 2020, with a mission to help people take control of their finances and make everyone better off. In 2023, Snoop was acquired by Vanquis Banking Group, a specialist bank focused on financial inclusion. The open banking-powered app gives users a holistic view of all their finances and uses that data to deliver personalised tips, price comparisons, and spending alerts that can spot unnecessary costs - such as forgotten subscriptions and unexpectedly high bills. The app is free to use, with additional features available via Snoop Plus for £4.99 a month or £39.99 a year.

Savings accounts

In January 2025, Snoop launched its Easy Access Savings Account - a simple, flexible savings option with FSCS protection and no minimum balance beyond £1. The account currently pays 4.00% AER (variable), based on our DepositScout data. To provide the account, Snoop works with a partner called Bondsmith Savings Limited, which manages the account behind the scenes - arranging deposits and withdrawals, and calculating interest - with your money held at Vanquis Bank Limited. Your deposits are protected up to £120,000 by the FSCS - worth noting if you already hold savings directly with Vanquis, as both sit under the same banking licence. In May 2025, Snoop also introduced Variable Recurring Payments, allowing users to set flexible weekly or monthly automated transfers from their current account into their Snoop savings account, on whatever day suits them.

Is it right for you?

Snoop's appeal is its joined-up approach. The savings account is incorporated into the app, which can spot when you have surplus funds in your current account and nudge you to shift the excess somewhere it earns interest. Snoop works best as a financial awareness tool rather than a full budgeting replacement - it suits people who want to see all their accounts in one place, catch rising bills and subscription creep, and understand spending patterns without micromanaging. There are no current switch bonuses on offer.

Rates are variable and can move at any time, so keep an eye on the live figures shown on this page to make sure your money is still working as hard as it should be.