Savings Tips
By gstitzer
@gstitzer (103)
United States
May 12, 2011 10:09am CST
I'm looking for some tips on savings accounts. Right now I have several savings accounts that I have earmarked for certain things. For example I have a tattoo fund a travel fund, a house savings, and a savings for a motorcycle. Just to name a few. Just wondering if anyone else has a simalar system and if they have ever encontered any problems with keeping track.
1 response
@katieh (151)
•
12 May 11
I don't know where you are, but in the UK some banks offer a facility where you can have one savings account with lots of named "pots" in it. This means you earn a higher rate of interest if all your savings added together go into a higher band, and also that they are all in one place.
Much easier to keep track of than lots of separate ones.
The only exception is if you have lots of money, then it's best not to have it all in one place because there's a top limit on how much is protected if something happens to the bank.
