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Savings account with a financial goal
guriinii
Posts: 27
Forumite
Hi, is there a savings account where you can set a goal and so you cannot withdraw until that goal is reached? I have some things I want to buy and I'm terrible at saving. Thanks.
0
Comments
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Your best bet will probably be a regular saver account that doesn't allow withdrawals, although these will typically require you to build up the balance over a fixed 12-month period rather than until reaching a specific figure.
https://moneyfacts.co.uk/savings-accounts/regular-savings-accounts/1 -
Who knows, the OP may just have described a new type of savings account that some savings providers may be interested in providing in the future? Meanwhile I would fully agree that a regular saver that doesn't permit withdrawals is the best idea for now.0
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