(Closed) Should I open another savings account?

posted 7 years ago in Money
Post # 3
Member
2066 posts
Buzzing bee

Open another account.  We have several savings accounts – one for each financial goal.  It makes it easier to figure out what you’ve saved for each item if the money is kept seperate. 

Post # 5
Member
4137 posts
Honey bee
  • Wedding: May 2011

i have multiple savings accounts. just check with your bank to make sure there’s no minimum balance fee or inactivity fee.

Post # 6
Member
10366 posts
Sugar Beekeeper
  • Wedding: September 2010

I have multiple savings accounts (one joint for our big immediate goals, one personal for my photography equipment goals). We also have a high interest CD savings account for longer term savings that we will need in about 2 years, and we have a few longer term investment accounts (plus our retirement savings). It’s all structured by how soon we will need access to the money, since you get higher interest earnings for keeping the money in longer.

Post # 7
Member
831 posts
Busy bee
  • Wedding: September 2010

I agree with texasmeredith. We too have several savings accounts.

Post # 8
Member
2066 posts
Buzzing bee

We have 3 savings accounts at one bank.  Its not uncommon, so your bank won’t think its weird.

Why doesn’t your Fiance believe in savings accounts?  Where does he think you should keep your savings?

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