Welcome to Community at BECU, a place for anyone who wants to talk about money, saving, investments and everything in between. Have a question or just want to get the community’s opinion on something? This is the place. It’s a great resource for peer-to-peer advice, access to the latest BECU news and behind the scene’s insights from BECU’s experts.
I think this is a good idea! Let the member set their own limit. Some people would want a large savings to work toward, others may not have a great deal of extra cash, but still want to save toward something special. Sometimes we just need to be accountable to someone else...or in this case something else. JP @Jeff22 wrote: If I had the option to set up a savings account that is not accessible until it reaches a certain amount - then it would be helpful for reaching certain savings goals. It would be especially helpful if this account earned more interest as it increased in value. So if I were forced to leave my money in the savings account - but were rewarded with an increasing amount of interest as I got closer to my goal then I think it would be a great help. Of course there could be some built in emergency way to access my savings, but only after a certain waiting period (in order to force me to try to come up with some other option) and also the penalty of losing all my interest.
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