Sweep to a savings pot?

[TimBanting]

Wow! That big list is coming and it’s really impressive! Interest on savings!

Well, could we get a savings pot set up that pays interest?
Could we then have the option to sweep our remaining balance over at the end of the month- something like coin jar?

I’m all for saving for the hard of thinking!

[PeteyPie (Pete)]

I love the idea of an end of week/fortnight/month/however else people get paid sweep

[JBirdV1 (Johnny Ellwood)]

If I remember correctly, on the blog post they did mention an option coming soon that allows a pot to be created where interest would be applied to it…

Quote from the post:
We don’t pay interest on your main balance and don’t plan to start — for most people, it only adds up to a few pennies and isn’t worth worrying about. However for people with money in Pots, it seems weird there isn’t any interest paid there. Within the next 3 months, we’ll let you create a Pot that’ll pay a competitive rate of interest. More details nearer the time!

On the sneak peeks for iOS too there is a rules for pots option coming soon thay could in theory be used for your purpose of: if balance is positive *ignore overdraft, then move to X pot.

[evangelskies (Eve)]

I’ve seen this pot sweep idea a couple of times in the pots suggestion/ feedback threads, so it’s definitely a highly-requested feature. Hopefully we get more rules for Pots soon!

Coin Jar style Personal Finance Management Strategies and Ideas

Sweep Jar: At the end of the month, anything that’s left in my account that is over X amount it puts into the pot. So if I have £100 left at the end of the month and I say Sweep Over £50, it’ll save £50 into my jar. Building on the idea of a “Quiet Coin Jar” and “Save over X”, it would also be awesome if there was a pot that said, whenever I get paid, automatically take a fixed amount from that payment. So if I get paid £500 and set £50 to be put into a pot, it deducts it. In theory, I’d rather…

Pots - Feedback Thread

I’d love like a sweep to be available for pots. So say the current account balance goes to £500 any excess can sweep across to a pot. I do it manually weekly because I limit myself to X amount a week and the rest of the money I don’t use at the end of the week is going into a pot to go towards holiday spending money

[alexs (Alex Sherwood)]

I know I’m late but this is coming

Pots will soon allow sweeping / round ups for any Pot & you’ll be able to earn interest from some Pots.

Making Monzo (MakingMonzo)

[Dunsford (Colin Robinson)]

Interesting times ahead, can’t wait!

[TimBanting]

Apparently its a couple of months out

[TimBanting]

This looks really impressive! I would just like to ask for custom images as backgrounds. I feel more emotionally invested in something that I can visualise.