Banks accounts with Savings Jars (to replave IF.com bank account)

Toby1346

Hello. I still have a bank account with Intelligent Finance (IF.com), which as people probably know, is no longer accepting new account holders. IF.com offers unlimited Savings Jars (which receive interest, as with the Current account). A Savings Jar is linked to the Current account, and can be given any name (for different savings needs).

Can anyone recommend alternative bank accounts that come with this same Savings Jars feature?

(Not TSB, by the way, they limit an account holder to five savings jars and cap the amount that can go in each savings jar!)

penners324

Starling, Monzo, Revolut, Chase

Daliah

Usual health warning: as of now, Revolut does not have FSCS protection.

Toby1346

Daliah said:

Usual health warning: as of now, Revolut does not have FSCS protection.

Thank you. I note, by the way, that Revolut limits the amount of cash withdrawals that one can do (plus the FSCS point)

wiseonesomeofthetime

Virgin Money also offer that feature, and pays interest. Personally though, I can't stand the app 🤷‍♂️

sdelasal

hello - anyone got any more recent suggestions - i'm in same situation as OP , with IF about to close the current account.

jbrassy

It doesn't have a separate savings jar, but Kroo offers 4.1% interest on money held in its current account. The bank is app only, but more info can be found on its website:
https://www.kroo.com/

friolento

If you have a phone which runs the Chase app, and don't mind app-only banking, you could consider Chase https://www.chase.co.uk/gb/en/product/chase-saver-account/

Otherwise, Virgin or TSB could be an option.

It's unlikely you will get the best intrest rates in those sorts of accounts.

ryan92

In all honesty, with personal experience of using Kroo for over 7 months, I'd avoid using them. Nothing but issues and a serious lack of customer support.

Indout96

Chase gives you a "spending" account paying 1% interest and 1% cash back and up to 10 customisable savings jars, all paying 3.8% interest but you need to transfer the money from saving jar/acc to the spending one to use it (10 seconds max)

jbrassy

ryan92 said:

In all honesty, with personal experience of using Kroo for over 7 months, I'd avoid using them. Nothing but issues and a serious lack of customer support.

Please elaborate? I only opened an account last week and no issues to date.