Do any major banks like Chase or Wells Fargo offer subcategories or “buckets” within their savings accounts?
hi people with buckets
Check this be sure to thoroughly review the terms since some banks may impose fees for specific account or transfer types.also
Make sure you comprehend how your savings account’s interest rate structure relates to the various categories.and
Pay attention to any limitations on using money from particular buckets, particularly emergency funds.
Since you may establish several objectives or buckets and receive interest on the total rather than on each goal individually, I utilize Wealthfront’s HYSA.
When I was exploring savings options, I found that some major banks, like Chase and Wells Fargo, offer features similar to “buckets” within their savings accounts. For example, Chase has a feature called “Savings Goals” within their savings account, allowing you to set up separate savings goals within one account. Wells Fargo offers “Goal-Based Savings” with its Way2Save account, where you can create and manage savings goals. These features can be really handy for organizing your money for different purposes while keeping everything in one account.