Bank account with 'jars'??

DUTR

sarahgail wrote: »

We currently have an account with Intelligent Finance. We really need to switch it as the interest is practically non existent. They are no longer opening new accounts so I'm sure it's only a matter of time until they close remaining accounts.


What I really like about the account is that we have various 'jars' within it, so we log in to our plan and we can see that we each have an account of our own then we have our joint account and within that we have a holiday jar, a car jar, an insurance jar etc.
Do any other bank accounts have this??

Thanks

My Virgin savings account is like that, I have one section called rainy day, however i have recieved a letter stating that the account will be closed in Feb and they will inform me of te replacement.

[Deleted User]

Give this spreadsheet I knocked together a go - it's simple and lets you have up to 25 jars in one savings account with any bank

http://s000.tinyupload.com/index.php?file_id=04057436258153610098 to download a copy.

uzubairu

Duckyduck wrote: »

TSB has this feature for savings accounts. You set savings goals and then allocate the money in your savings account between these various goals. It's really good. Unfortunately the rate n savings is only 1% or so, they have regular savers accounts at 5% but m not sure if the money planner feature works for that too.

Thanks for that tip.
Just set up an account to save for household bills that I pay annually.

bearcat16

Intelligent finance were superb in my opinion, I was really really annoyed when they closed to new business. You'd be crazy to close your accounts because you simply will not find offset banking like it anywhere, possibly it's gone for a generation.

The nearest you can find is a few rubbishy offset mortgages, which come with a whole load of strings and requirements attached (like very high deposit), and are nowhere near as flexible and comprehensive as IF.

With IF you could offset your savings against a personal loan, credit card, mortgage, etc, so that you were effectively earning a very good rate for savings if you had borrowing too.

When you say the interest rate is non-existent, are you not offsetting a mortgage or credit card or loan balance? If so then you are getting a better rate of 'interest' than probably any bank account anywhere!

It was a sad, sad day when IF closed its doors IMO.

getmore4less

it really is a good idea to detach what money is for from where it is kept.

make sure the money is earning the most interest with access required for your needs.

Track what it is for somewhere else.