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One account, different 'pots'
Flashfly
Posts: 132 Forumite
Sorry if this is already been asked. I tried a search but didn't find anything. In fact it is difficult to describe what I am asking!
Is it possible to have one savings account that is split into different 'pots'?
We'd like to have a household savings account that has a 'pot' for household improvements, one for holidays, one for Christmas, etc.
I know we could have different accounts with different companies and achieve the same goal, but this would be messy.
Thanks,
Flashfly.
Is it possible to have one savings account that is split into different 'pots'?
We'd like to have a household savings account that has a 'pot' for household improvements, one for holidays, one for Christmas, etc.
I know we could have different accounts with different companies and achieve the same goal, but this would be messy.
Thanks,
Flashfly.
0
Comments
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try ING direct0
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Intelligent Finance has "jars" sounds like just what you are looking for.Don`t steal - the Government doesn`t like the competition0
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Hi All,
On a similar(ish) note, does anyone know if Cahoot limit the number of savings accounts you have with them, as although the seperate pots idea is good, I intend to keep any money 'saved' from using vouchers at shops in a seperate account to see just how much I can get in a year!
I already have 2 cahoot savings accounts, the into rate 5.65% one for my main non-ISA savings, and another standard 5.10% one which I keep my online cashback site (rpoints etc) money in!
Cheers
Stevecompleted Uni in 2004 without any student debt - woohoo!0 -
Hey Steve,
As far as i am aware you can have three savings accounts with cahoot! Found out when openening the higher rate one in July last year! Had to close a standard one down!
Daniel0 -
Halifax does this type of thing (pots etc.); my wife loves it.
After you have opened a web saver with them (which pays 4.9% gross paid yearly) you can open more web saver accounts with them yourself online (up to 10 I believe) and give them aliases such as Christmas, car maintenance etc; these aliases can be entered of changed by you as you desire.
You then add these accounts to your "online portfolio" and so you can have a summary of these accounts and balances on one screen. You can then move money between them online and the transfer is shown immediately that you return to the portfolio screen.
Hope this helps.0 -
I tried opening another "pot" with ING. But its really a separate account. Its not one account with a facility for delimiting different amounts.
You can of course just write down the amounts in each "pot" or keep a record in a spreadsheet. Not high tech but it works.0
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