Transcript
Many people have one savings account. But did you know that having multiple accounts can help you:
- protect your cash
- grow your money faster
- and stay focused on your financial goals
Let’s start with protection.
If you’re fortunate enough to have substantial savings, spreading them across different UK-authorised banks can help protect your money. The Financial Services Compensation Scheme – or FSCS – covers up to £85,000 per bank.
It’s a simple way to shield your money and give you peace of mind.
Then there’s the laddering technique.
This method divides your cash across different accounts with staggered terms and maturity dates.
Some of your money stays accessible, while the rest earns higher interest – helping your savings grow over time.
And finally, staying focused on goals.
A separate account for each goal creates clear priorities. No guesswork, no overspending.
You’ll know exactly how much is set aside for your next holiday, new home, or retirement.
So why settle for just one account? Open several with ease using Flagstone.
