Why can't find a 30 day notice savings account?

PeacefulWaters

TheLearner2008 wrote: »

I can't save as I just withdraw it the whole time. I need constraints to save.

You don't need constraints. You need self-discipline.

Stop spending.

Ballard

PeacefulWaters wrote: »

You don't need constraints. You need self-discipline.

Stop spending.

What is the point of posting that? They recognise that they are overspending and need some help to stop. None of us are perfect and I admire them for trying to do something about it. If they can find an account that'll stop them frittering away their spare cash then I suspect that saving will become a natural state for them.

Playing_with_Fire_2

I agree that this would be a great service to have - it is so much easier to be forced to save rather than use willpower not to spend.

Do you have a trusted friend or relative that you could give PART of the login information to - ie so that neither of you can log in and you would need to ask them for the login code and they would either need to agree to the emergency or make you wait 60 days regardless? You could use a service like moneydashboard to check the balance.

If you could operate without checking the balance you could open an account, destroy the PIN or password that they send you to log in and then if you needed the money it would take a few days for them to send it to you. Would that be enough of a delay for you (of course if you change your mind you could destroy the reset code again)?

Apodemus

G_M wrote: »

If this money is for emergencies, you need instant access.

If not for emergencies, use it to pay off debt.

I would disagree with this. I find it difficult to envisage real emergencies that either can't be handled by credit card or cannot wait for settlement of a bill. A 30 day access period to a buffer-fund seems not too bad an option in the OP's situation.

For people like the OP who might find it tempting to spend from an instant access fund, having a monthly transfer into Premium Bonds might be an option until a suitable fund has been built up. Access is relatively easy but a bit of a hassle. The monthly gambling aspect can reinforce the feeling that you want more in the fund and encourage continued saving. Return is less than you would get in some current accounts but if we are only talking about building a small emergency fund, then the absolute sums of interest foregone will not be huge.