Accounts with "pots"

little_green

Can anyone suggest a user friendly fair simple bank account that has the savings pots option? Nothing that needs a card reader to log in & userface must be clean. 

Also I know the idea is they are savings pots but I want to use them for allocated budgets instead. So my question is for example say set up 3 pots 

Food 
Car

Clothes

With a monthly budget of £100 each 

I go to Tesco & spend £5 on dinner £10 on a t shirt & fuel up the car coding £40.

Is there a way I can have those amounts coming out of each relevant pot so the pots would then be £95 , £90 , £60  as opposed to the money coming out the overall account (total deduction £55)

Figures are merely examples. I'm not sure if this is possible as I think even with pots the money all sits in 1 actual account which I'm guessing would only have 1 debit card so there would be no way to differentiate? 

Thomas_Crown

Take a look at the TSB Spend & Save account. It has the option to have up to 5 Savings Pots, which pay 0.25% AER interest. You will need to look at all the details and the T&Cs to see if it meets your needs.

Daliah

I don't use pots myself, but I think the go-to for "potters" are Starling Bank and Monzo, not least because they both allow payments (incl DDs) straight out of the pots AFAIK. 

little_green

Daliah said:

I don't use pots myself, but I think the go-to for "potters" are Starling Bank and Monzo, not least because they both allow payments (incl DDs) straight out of the pots AFAIK. 

payments for both online & in store purchases? I'm confused as to how I can select which pot the payment will come out of if it's one account or does each pot have a different account no?

Daliah

little_green said:

Daliah said:

I don't use pots myself, but I think the go-to for "potters" are Starling Bank and Monzo, not least because they both allow payments (incl DDs) straight out of the pots AFAIK. 

payments for both online & in store purchases? I'm confused as to how I can select which pot the payment will come out of if it's one account or does each pot have a different account no?

I don't know for certain as I am not a "potter". May be it's only DDs and SOs.