Help! Ping it savings jars!

Meggielucy

Hi everyone, I use ping it all the time to budget. I have jars for all different things I save for/budget for. Now it’s going, does anyone know of anything similar I can use? I’d even consider moving bank accounts! I’ve searched the Internet but not getting far at all. Thank you in advance. 

MovingForwards

Virgin and it's linked savings account. The latter allows you to set up individual savings pots and set goals.

colsten

Virgin, Starling, TSB, Monzo...........

IvanOpinion

A spreadsheet

RetSol

Halifax allows you to have up to 5 savings accounts on top of the current account.  Handy if you like pots.  Plus Halifax offers a switching bonus at present.

Friends of mine are now using Hyperjar for their pots. https://hyperjar.com/ 

colsten

Hyperjar has no FSCS protection.

Stuart_W

Because I use Co-op as my main current account, I have 4 online saver accounts that I use like "jars". As this is about budgeting rather than looking for the best rate,  I would imagine this would be possible with any pretty much any bank. A few, like those mentioned, will allow you to set up pots within one account, but the same effect is achieved through having several saving accounts from your current account provider. In-app transferring should be a similar experience to Pingit.

Hazzanet

colsten said:

Hyperjar has no FSCS protection.

Neither did Pingit:

https://www.barclays.mobi/content/securecontent/en/apptoweb/pingit/terms/2021/21-02.html

5.2         You need to know that the Pingit Account is an electronic money product and therefore:
•            it is not covered by the Financial Services Compensation Scheme (“FSCS”)

colsten

Hazzanet said:

colsten said:

Hyperjar has no FSCS protection.

Neither did Pingit:

https://www.barclays.mobi/content/securecontent/en/apptoweb/pingit/terms/2021/21-02.html

5.2         You need to know that the Pingit Account is an electronic money product and therefore:
•            it is not covered by the Financial Services Compensation Scheme (“FSCS”)

True. But at least Pingit had the "parentage" of Barclays.

colsten

Stuart_W said:

Because I use Co-op as my main current account, I have 4 online saver accounts that I use like "jars". As this is about budgeting rather than looking for the best rate, 

To me, budgeting includes that I ensure I get the best return for my money. Although with small amounts and the miserable interest rates the difference between the best and the worst rates will only be pennies.

I'd be more concerned having all my money in a single bank, as if something goes wrong with that bank I could be stranded with no access to money for weeks. This might sound extreme but it is by no means unprecedented - ask those who didn't have access to their funds at Natwest/RBS/Ulster or TSB when these banks hat persistent IT problems.