Can we save money in a 1 bank account but in multiple way?

Question

its like dividing money.. I want to save money in 2 different ways for different purposes.

So is it possible that I divide my bank account in 2 different portion?

Answer 1

I think you would need to open a separate account.

Answer 2

You can't save it in 1 account in multiple ways (unless you keep track of how much money is going into each "account") like for instance, you have 1 account, and $500 in it.. if you want 250 for each, then obviously you can just know that that's the amount for each.. if you want to see them seperately, you'll have to open a new account.

Answer 3

No, you cannot divide your money in ONE account, but you can open more than one account at a same bank.

Answer 4

You should just open mulitple savings accounts and have them linked together so you could get online and transfer funds into different accounts whenever you want.