Why I have 13 high-yield savings accounts with Capital One - Business Insider

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'I've tried the 'one big pot' strategy in the past, and I found it pretty confusing. I didn't know if I could afford to spend $400 on new tires or if some of the money in that account was supposed to go toward an upcoming medical bill.'

No monthly maintenance feesThe last part really sold me, along with the fact that I could create a nickname for each account. That way, there's a separate fund for each goal.

With Capital One, I'm able to contribute to not just one high-yield savings account but multiple accounts based on my goals. All of them earn interest each month, and I can see a summary of each account when I log into my online banking dashboard. My husband and I both have paid-off cars, but they need maintenance from time to time. We have insurance co-pays when we go to the doctor and also other medical bills that may come up.

 

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