facebookWhich bank accounts allow you to have "envelopes" for different savings goals - baby, home, travel etc. My wife and I are keen to open an account that can help divide our savings amount.? - Seedly

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Anonymous

12 Apr 2020

Saving Hacks

Which bank accounts allow you to have "envelopes" for different savings goals - baby, home, travel etc. My wife and I are keen to open an account that can help divide our savings amount.?

We are keen to use an account for our collective savings goals.

Discussion (1)

What are your thoughts?

OCBC allows for that. Amount in the goal is like another separate account and cannot be touched, unless you delete the goal. You can create the goal through the OCBC App:

  1. Choose Life/Savings Goal

  2. Pick a category (Travel, Family, Emergency Fund, Insurance, New Car, New Home, Create your own goal)

  3. Name your goal

  4. Choose your deposit account

  5. Decide on an end date

  6. Create a recurring deposit of ___ on 12th of each month.

Alternatively, you can make do with whichever bank account you have now, but do a mental segregation using Excel/Google Sheets.

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