What is a savings pot?
A savings pot is a feature that lets you set aside money from your main account balance for specific purposes or goals.
They help you organise your savings without the need to keep all your money in one place. No matter your goal, pots could make saving simpler and help you stay in control of your money.
How can you use savings pots?
Instead of trying to budget from one main balance, you can separate your money into savings pots to make life feel fuller - whether that’s booking your next trip, covering the unexpected or making everyday saving feel effortless and under control. It’s a simple way to organise your money without juggling multiple accounts, but your money is still clearly divided.
Why are savings pots useful?
Pots make budgeting simple
Because savings pots help you organise your money by goal, they’re a practical and simple way to keep track of your money. Instead of having to mentally figure out how much you have left to save to achieve a goal, pots can do it for you. Plus, pots can help ensure that you don’t get caught out by day-to-day spending.
Small actions, steady savings
Pots can help you turn saving into a habit. Regularly adding money to your savings pots can encourage you to stay on track with both short and long-term goals, while helping to keep your essentials covered.
With Spring, you can make this even easier by setting up regular deposits to your main account. And, with accounts like our Easy Saver, you can name your pots and choose a category to bring your goals to life. Barcelona 2027? University savings? Girls trip? You name it.
See your progress in real time
Another useful benefit of using pots is that you can track your progress. Watching your pots grow isn’t just helpful, it’s great motivation. Putting money aside each month without easily knowing how close you are to your savings goal can be demotivating, but realising you’re 64% of the way towards your goal of covering your flights to Milan could be all the motivation you need.
How savings pots work in the Spring savings app
It’s easy to create a pot in the Spring app. After choosing the Easy Saver account, simply:
- Create a pot (up to four per account)
- Name your pot
- Choose a category
- Set your savings goal and goal date
You’re all set! You can start transferring money immediately, and you can view your pots and transactions at any time. Interest is earned across an account — this means that you still earn interest from your money, even if it’s in a pot.
With Spring, pots are not available to use for any ISA products; but you can track your Spring ISA allowance instead.
Savings pots FAQs
Use pots to watch your savings grow with Spring
Saving isn’t just for tomorrow — it should help you live for today by providing peace of mind that your savings goals are heading in the right direction. Now that we’ve explored how savings pots could help you, why not try making your own with Spring?
Simply connect the Spring app to your bank account using Open Banking technology to get the most from your money — no tricks, no fees.
Plus, you’re in safe hands. With Spring you’re FSCS protected, meaning your eligible savings are protected up to £120,000 by the Financial Services Compensation Scheme.
Save with Spring's pots
Open a Spring Easy Saver to create savings pots, set your goals and track your progress. No tricks, no fees.
View Easy saver
