e-saving 'pots'

snailmail

I'm looking for an esaver account where I can split it up into different pots, can anyone suggest a good one to go with?

i don't want it attached to a bank account as I don't want to open another one up. i just want an e savers account on its own.

I'm looking at Principality at the moment but would like your advice first!

thanks!!

apt

Over the first year the Monmouth BS flexible saver would probably be best as it is paying 4% although the various pots cannot add up to more than £12,000 (or £24,000 if you put £12,000 in this month and £12,000 in April or later.)

opinions4u

Halifax.

There doesn't seem to be a limit to the number of Online Saver accounts you can have.

snailmail

apt wrote: »

Over the first year the Monmouth BS flexible saver would probably be best as it is paying 4% although the various pots cannot add up to more than £12,000 (or £24,000 if you put £12,000 in this month and £12,000 in April or later.)

oooh that sounds great, my various pots definitely won't add up to that much...so i don't have a worry there. i just want a clear simple way to save for certain things!

going to look up monmouth now, thanks!

EDIT:

Gutting, looks like a great saver, but you can only make withdrawals 4 times a year or it'll close. I need something that I can access any time as much as I need to as part of it will be for unpredictable things such as vet bills.

thanks for the info though!

psychic_teabag

Is monmouth just 4 withdrawals per year per account ? If you open lots of accounts, can you open some "spare" accounts with minimal balance. Then once you reach the 4th (5th) withdrawal on one of the accounts, just move the balance to one of the spare ones and carry on with that one.

Hmm - no, would have to be the 4th withdrawal - if you let them close the account on the 5th withdrawal, you lose the bonus on the anniversary. So on 4 withdrawal, withdraw all but £1 so that you still qualify for the bonus.

Also need to open each account with £20. Can reduce down to £1, but that would count as one of the withdrawals.

So maybe not.

Skipton have their "my savings" accounts which I think allow as many as you want, but only 2.5%

Intellingent Finance have "savings jars" - I was never quite sure what they were about, but maybe it's just a way of tagging pots of money. Also 2.5% (but clean - no bonus)

snailmail

thanks for all the suggestions everyone. i think i'm less worried about the interest, and would rather have somewhere that's easy and simple to manage my pots.

idealy i want ONE online savers account that I could then split into different pots. Does anyone know from experience if this can be done with any of these? i'm looking them up but not finding any info about 'pots'

thanks again!

mrchagle

snailmail wrote: »

I'm looking for an esaver account where I can split it up into different pots, can anyone suggest a good one to go with?

i don't want it attached to a bank account as I don't want to open another one up. i just want an e savers account on its own.

I'm looking at Principality at the moment but would like your advice first!

thanks!!

IF.COM - Not exactly what you're looking for but you can add eSaver accounts and name them.. i.e. shopping, holiday etc.

pqrdef

apt wrote: »

Over the first year the Monmouth BS flexible saver would probably be best as it is paying 4% although the various pots cannot add up to more than £12,000 (or £24,000 if you put £12,000 in this month and £12,000 in April or later.)

Can't do that with Issue 2. Max £1000 a month.

Moist_von_Lipwig

If you can't find an account that does what your after, why not open an good easy access account and control your pots 'virtually' using a spreadsheet? eg sheet one could be the account summary, sheet two could be your holiday savings pot etc etc...

opinions4u

snailmail wrote: »

idealy i want ONE online savers account that I could then split into different pots. Does anyone know from experience if this can be done with any of these? i'm looking them up but not finding any info about 'pots'

But in reality, what's the difference?

5 accounts with the same bank, on the same online screen, with the names "Holdiay" "Car" "Rainy Day" "Secret Stash Hidden From Wife" "New MegaPlasma 92 Inch TV"

or

1 account with 5 sub accounts with the same headings?

Sceptre

I have done this with Sainsburys in the past. No bank account - just a savings account which allowed several 'pots' within it.

Not sure that they still offer it, or what their interest rate is (low, I would imagine), but might be worth looking at.