Whether you’re just getting started with setting up your banking or you’re doing a financial clean sweep and revamping your current accounts, it’s a good idea to establish better organisational habits right from the get-go.
Two key banking products to get right are an everyday bank account for your regular spending, and a savings account to store your savings and pay-check in. If you want to gain more control over your finances and be able to easily monitor your spending, it’s essential to split your money between a regular bank account and a savings account, and not keep it all in the one place.
Not only will separating your money simplify your entire banking process, but it can even help you save, as you’ll be less likely to dip into your savings if they’re harder to access. Think of it like Marie Kondo-ing your banking to spark joy into your savings!
Dividing your money between a bank account and savings account means that you could even dedicate one account to bills and expenses and keep any direct debits you have separate to your savings.
Now, you don’t necessarily have to have a bank account and a savings account with the same bank. In fact, sometimes you’ll find better value by mixing it up, but here are a few savings and bank account pairings from different banks to get you started!