Multiple 'Pot' Accounts

stevec59

Hi,
I have an account with Ing, I really like it because I can have separate accounts (pots) within 1 account,So I have 1 for Gen Saving,1 for Birthday and a few more, thing is, there interest rate isn't that great.
Is there a high interest acct that I can do this with, I currently have an Icesave account and don't think I can do it with that.

Thanks

Steve

bristolleedsfan

stevec59 wrote: »

Hi,
I have an account with Ing, I really like it because I can have separate accounts (pots) within 1 account,So I have 1 for Gen Saving,1 for Birthday and a few more, thing is, there interest rate isn't that great.
Is there a high interest acct that I can do this with, I currently have an Icesave account and don't think I can do it with that.

Thanks

Steve

i know principality BS e-saver does pots thing is 5.6% gross on 1.00 + with possibility of a rate rise to come 1 june ish although not seen any notifications

http://www.principality.co.uk/default.aspx?page=576

Primrose

ING is a disaster area from a saver's point of view and I certainly wouldn't stick with them simply because they offer a simple "pot" system within one account. If you know how to use a simple spreadsheet, why don't you set one up with separate columns for Holidays, Birthdays, General, etc, and simply keep a note of your separate allocations in that as you pay money into your account.

BrandNewDay

Primrose wrote: »

ING is a disaster area from a saver's point of view and I certainly wouldn't stick with them simply because they offer a simple "pot" system within one account. If you know how to use a simple spreadsheet, why don't you set one up with separate columns for Holidays, Birthdays, General, etc, and simply keep a note of your separate allocations in that as you pay money into your account.

That sounds logical, but economists have long been puzzled by how illogically people tend to think about money.

I know that I feel better knowing I have money in a "pot" even though ALL the bank is doing is making a spreadsheet with columns just like you said.

I also have to put my physical cash into a separate place in order to save it to take to the bank. It could be in my purse and I could mentally track its destination, but psycholocally it helps to put it into an old tin.

stevec59

bristolleedsfan wrote: »

i know principality BS e-saver does pots thing is 5.6% gross on 1.00 + with possibility of a rate rise to come 1 june ish although not seen any notifications

http://www.principality.co.uk/default.aspx?page=576

Thanks for that 5.6% is a lot better than ING, I think I will go with them. The spreadsheet seems to be a bit of work, but thanks for the reply.

Steve

Creditcardkid

I would be glad to fix a spreadsheet for you and mail it to you if you like.

Would be extremely esy to use.

Let me know

bristolleedsfan

stevec59 wrote: »

Thanks for that 5.6% is a lot better than ING, I think I will go with them. The spreadsheet seems to be a bit of work, but thanks for the reply.

Steve

principality e-saver will be 5.85% from 1st june according to info posted on another thread

stevec59

Even better..Thanks :j

Steve