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Spreading savings over several different accounts

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  • Albermarle
    Albermarle Posts: 31,269 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    Not just savings but wise to have at least two of everything ( if possible).
    Current account
    DC pension provider ( especially if drawing from them ) 
    S&S ISA 
    Savings provider
    Credit cards ( one Mastercard, one Visa for example) 

    If you have a partner ( where you share financial details) you probably do not both need to duplicate all of the above, as long as you use different providers individually. 
    I’m about 25 years away at the mo myself, but when you mention 2x DC pensions - would that be covered by a workplace one plus a SIPP?
    Assuming the workplace pension is a DC one and not a DB one.
    A SIPP is a DC pension.
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