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Naming separate savings account
wjr4
Posts: 1,360 Forumite
Does anyone know which (if any) bank/building society offers a facility to have separate savings accounts for separate things? E.g. car insurance, holiday, emergency fund.
I am an Independent Financial Adviser (IFA). Any posts on here are for information and discussion purposes only and should not be seen as financial advice.
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Why don't you just stuff it in the highest paying account and use a spreadsheet to keep track of what its all for? Just a thought.16 Panel (250W JASolar) 4kWp, facing 170 degrees, 40 degree slope, Solis Inverter. Installed 29/9/2015 - £4700 (Norfolk Solar Together Scheme); 9.6kWh US2000C Pylontech batteries + Solis Inverter installed 12/4/2022 Year target (PVGIS-CMSAF) = 3880kWh - Installer estimate 3452 kWh:Average over 6 years = 4400 :j0
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On NatWest online banking you can call them whatever you want.0
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This is what I do now but I'd rather have them separate if possible - it makes my life easier!Rheumatoid wrote: »Why don't you just stuff it in the highest paying account and use a spreadsheet to keep track of what its all for? Just a thought.I am an Independent Financial Adviser (IFA). Any posts on here are for information and discussion purposes only and should not be seen as financial advice.0 -
I once named a savings account something stupid and felt quite ashamed when the customer service person repeated the name....0
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Tesco lets you rename its Internet Savers0
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Halifax, BOS and Lloyds allow this.0
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But done right, a single account (or multiple accounts aimed at maxing interest, rather than separating purposes) makes more money.This is what I do now but I'd rather have them separate if possible - it makes my life easier!
eg the 5% accounts offered by Nationwide, Santander, HSBC etc.Eco Miser
Saving money for well over half a century0 -
I'm not sure what the platform is called, or who provides it, but the internet banking solution provided by Lloyds, TSB and Halifax allows you to open as many eSavers as you like, which all appear on your account list on your internet banking screen and call all be renamed.
On that note, does anyone know who else uses that platform? It's my favourite by a mile.0 -
The platform is called Lloyds Bank - they own Halifax and are still in the process of separating TSB out onto their own infrastructure.0
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