How savings pots can help you reach your savings goals
What is a savings pot?
A savings pot is a digital savings account within your Danske Mobile Banking app. It's like having multiple piggy banks which pay interest, each dedicated to a specific goal - a dream holiday, a shiny new gadget, or your emergency fund.
Your Savings pot is separate from your main banking, allowing you to easily track your progress. You can name the pots anything you want. It could be fun things like ‘next holiday’, more serious things like ‘car insurance’, or anything else in between! And there’s no limit to how many you can open.
Benefits of savings pots
- Automated Deposits: You can set up automatic transfers into your savings pots to help you save without thinking about it.
- Interest: Your savings pots will earn interest, helping your money grow faster.
- Discourages Unnecessary Spending: The psychological effect of seeing your money divided into separate goals can help discourage frivolous spending.
Tips for using savings pots
- Start Small: You don't need to deposit huge sums to start. Even small regular deposits can add up over time.
- Be Consistent: Regularly add to your pots. Consistency is key in reaching your savings goals.
- Review Regularly: Review your savings pots as your financial situation and goals change.
“Your savings pots will earn interest, helping your money grow faster.”
How to open a savings pot
- You can open a Pot in the Danske Mobile Banking app:
- Tap the
icon in the top right corner of the home screen - Tap ‘Account’
- Choose the savings account you’d like to use for your pot and follow the instructions to open the account online
- From your home screen, tap your new savings account listing
- Tap the … icon in the top right corner of the home screen
- Tap ‘Account name’
- Personalise your Pot
- Add a deposit to get started
That’s you ready to go!
Eligibility criteria applies for each account.
More information on all our savings accounts:
Savings Accounts
