# Creating a new savings pot

## What is a Savings Pot?

A Savings Pot is a dedicated account for a specific savings goal. Unlike your Emergency Savings or Cash account, you can create as many Savings pots as you need.

- **Goal-focused**: Each pot represents a single savings goal
- **Instant liquidity**: Access your money anytime without penalties
- **Earns interest**: Invested in the Allan Gray Money Market Fund (AGMF)
- **Fully customizable**: Choose a name, colour, and icon for each pot

Create pots for a holiday, new phone, wedding, home deposit, or any other goal you're working toward.

## Creating your Savings Pot

You can create a new Savings Pot from your home screen in a few simple steps.

1. Tap the **+** button on your home screen
2. Select **Savings Pot** from the account type options
3. Enter a name for your pot in the **Account name** field
4. Optionally customise the appearance of your pot by choosing a colour and custom icon
5. Review the preview at the bottom of the screen
6. Tap **Continue** to create your pot

Your new Savings Pot appears on your home screen, ready for deposits.

## Choosing a name

Your pot's name helps you identify your savings goal at a glance. Choose something specific and meaningful.

**Good examples**:

- New phone
- Holiday to Portugal
- Wedding fund
- Espresso machine
- Emergency car repairs

**Tips for naming**:

- Be specific about what you're saving for
- Keep names short enough to display fully on your home screen
- Choose names that motivate you to keep saving

You can rename your Savings Pot later from account settings.

## Setting a savings target (optional)

After creating your pot, you can set a target amount to track your progress toward your goal.

1. Open your new Savings Pot from the home screen
2. Tap **Set up savings target** in the Target section
3. Enter your target amount in the field provided
4. Tap **Continue** to save your target

Your target appears on your Savings Pot account with a progress bar showing how close you are to reaching your goal.

> **Important**: Setting a target unlocks the **Stop at target** option on automation rules. When enabled, rules cap allocations at your target amount before distributing remaining money to other accounts.

## What happens next

Once your Savings Pot is created, you can start adding money:

- **Transfer from Cash**: Move money from your Cash account to your new pot
- **Set up automation**: Create rules to automatically fund your pot when deposits arrive
- **Use stop at target**: If you set a target, enable stop at target on your automation rules to cap allocations at your goal

Your Savings Pot balance grows with daily interest from the Allan Gray Money Market Fund. You can track your earnings and progress in the pot's performance chart.