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Accounts with "pots"
little_green
Posts: 652 Forumite
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
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?
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?
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Comments
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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.0
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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.0
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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 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.0 -
I don't know for certain as I am not a "potter". May be it's only DDs and SOs.little_green said:
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 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.1
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