Savings Pots with no access

I’d love the ability to add a savings pot that can have settings applied for withdrawal limits.

For example.

  • Can’t withdraw anything from pot until XXX date. Good for saving for a 2025 holiday or wedding for example.
  • Can only withdraw XX % of the total savings each month.
  • Withdraw with a delay of 1 month. To stop them one-off madness moments that ruin savings. For example, if you are saving for a holiday you can make a request to withdraw but you can’t get the money for 30 days.

I’m sure there are other settings that could be applied but this is just my first thought.

Locked pots used to be stricter, but all that happens is that people would just go to support to ask for it to be opened. So I’d say it’s unlikely it’ll come back.

its a shame. Even having to get them unlocked by support might be enough to stop people from spending it.

I have no self-control when I see cool gadgets :slight_smile: the current locked pots that just need you to click unlock won’t stop anyone

Would be interested in more restricted access options (in particular notice accounts), but not really for the reason of removing spending temptation. I’d want to be rewarded with higher interest rate in return for restricting ease of access.

Recently posted an ideas thread for notice pots with enhanced interest rate:

Notice Savings Pots / Accounts

I like the idea of having a savings pot that can’t have a virtual card attached with 24 or 48-hour delay before money can be withdrawn. Clear indicators that withdrawals have a delay when setting up.

I get that people would contact customer services but much like the gambling lock it should be something that they can bypass once set up.

1 Like