Since having an ISA pot, normal pots have been ruined for me.
Monzo has been great for my saving, amongst my small pots for weekly food and bills i’m now saving for christmas, holidays, credit card pay off, money for my 5% regular saver and my Lifetime ISA which I opened last year and put into quarterly. So this amounts to having a running flow of about £2000 across my pots at any one time.
But, why keep them all separate when if I munge them all into my one saver pot, I can make a little bit more off of it?
I can’t have multiple saver pots because I need to maintain the £500 balance - easy across the sum of multiple pots - not so easy over any single pot in a group, and I can only open one official ISA a tax year, so I can only have one ISA savings pot a year.
So now, I have one ISA saver pot - and a few regular small regular pots - and I have to keep track on an excel spreadsheet of my ‘goal amounts’ and what makes up the total amount.
My proposal would be instead of having a saver pot, to have an ISA saver account, and allow that account to have pots.
There’s been suggestion of pots within pots but I suspect that’s not going to happen since it could get messy or, be difficult to design ergonomically.