How many bank accounts do you have?

Moonbean

How many bank accounts do you have
And what are their purposes?
How do you save money in each one with multiple accounts?

I have a lot of financial goals and I just wanted to see what are the best options or how everyone is doing theirs.

enthusiasticsaver

I have 5 current accounts with 4 different banks but mainly for interest rather than separate pots as 3 stay at the maximum with just ins and outs to keep the balance the same. Santander 123 at 3% and TSB and Nationwide at 5%. We use the other Santander 123 as our main account and trawl everything above £20k to a Tesco current at 3% until that is full then will need to open another. We will be drawing from that though for holidays and annual bills and home repairs etc so don't see that reaching the £3k max soon. good idea to have different pots though.

HappyMJ

Far too many. 28 accounts and increasing by one every few weeks.

Kim_13

5.

TSB - Interest

Tesco - Eventually interest, but currently being used as main account. May as well get interest/a small amount of clubcard points if my cashback CC isn't accepted somewhere. May get a second if still available next year once a credit search or two fall off (currently have 4, including an extra one from Halifax due to a technical error )

Halifax - DD account and £5 reward.

Nationwide - Previously used for mobile insurance as it was a FlexPlus until recently. Was main account until I opened Tesco. Now a FlexAccount waiting to be upgraded to a FlexDirect when my TSB Regular Saver funds come out.

NatWest - Will probably close for a switching bonus eventually, but waiting for the other accounts to age first (all under a year except Nationwide; NatWest is 7 years old.) Main account until 2013 when they blocked my online banking for no reason and gave me the runaround when I tried to get it unblocked.

planteria

14 across a real mixture of providers..
used as current accounts, savings accounts for interest, for perks, for rewards

Anthorn

In U.K. 2 current accounts, 1 instant access savings account, 1 Credit Union account:

TSB current account, income, pension, interest, everyday spending, DDs, SOs;

TSB savings, interest, short-term rainy day;

Nationwide current account, very nearly dead with just 2 DDs and SOs from TSB account to keep it alive;

Credit Union, no interest, longer term rainy day, financial backup fund, support for Credit Union loans and local people less fortunate than myself.

I am however highly interested in the new breed of digital bank account such as Atom and may change when accounts become available.

chambta

HappyMJ wrote: »

Far too many. 28 accounts and increasing by one every few weeks.

That's definitely into the 'too many' territory.

castle96

58
some withthe max. for interest and/or savings, many no longer used but with £1 in

YorkshireBoy

castle96 wrote: »

58
some withthe max. for interest and/or savings, many no longer used but with £1 in

All sole? You must have hit YB/CB harder than I did! I only managed 30 odd at my peak.

colsten

chambta wrote: »

That's definitely into the 'too many' territory.

How do you conclude that? I am sure HappyMJ wouldn't have them if they didn't need them.

mapk

chambta wrote: »

That's definitely into the 'too many' territory.

Maybe only too many logistically! Insofar as an an individual (or joint) account holder(s) might want to maximise interest through cash holdings - and fairly easy access to funds - thirty plus accounts is quite feasible. A spreadsheet and calendar certainly helps with the management though