What are your savings accounts for?

34 replies

KateArnott · 13/04/2025 13:52

I have a few for different purposes.

I have a Cash ISA which contains my Emergency Fund.

Then Premium Bonds, which is earmarked for the building work we’ll be having done soon.

Then a regular savings account, which I save into each month for further home improvements. This one is 7% interest for 12 months, but I can’t withdraw from it, or I’ll lose the high interest rate.

I have a SIPP and a S&S ISA too, but I only pay into my SIPP currently.

What about you?

OP posts:

BethDuttonYeHaw · 13/04/2025 16:47

Paying for 2 kids to go through university and retirement

Itiswhysofew · 13/04/2025 16:46

Just to have, really. I like knowing I've got extra funds of my own. I always keep one savings account topped up, but the other one goes up & down a little, if I need a little extra in the month.

Stickortwigs · 13/04/2025 16:45

Self Assessment bill, holidays and mortgage overpayment (because currently getting a higher rate on savings than mortgage rate).

JaninaDuszejko · 13/04/2025 16:44

Most goes into my pension, then we've got cash ISAs for house improvement/holidays and S&S ISAs for long term savings.

Trickabrick · 13/04/2025 16:43

One for holidays, one for birthdays/Christmas, one for the tax bill and one for emergency funds.

NetflicksAndSleep · 13/04/2025 16:42

I don’t have any savings.

Brort · 13/04/2025 16:42

I actually don't know.

ThirdStorm · 13/04/2025 16:41

Tax bill, holiday, emergency fund and retirement.

HoskinsChoice · 13/04/2025 16:37

Why do you want to know? Very odd question!

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