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Fortune
Fortune
Sarah Brady

How many savings accounts should I have? Here’s what the experts say

Photo illustration of a pattern of jars with coins and cash in them, each on a different colored square. (Credit: Photo illustration by Fortune; Original photo by Getty Images)

If you're working toward more than one financial goal, you might be wondering, "How many savings accounts should I have?"

It may be easier to manage just one, but opening a separate savings account for each financial goal can help you track, prioritize, and even accelerate your progress. On the other hand, some banks limit the number of accounts you can open. And the more accounts you have, the more time you have to dedicate to managing them.

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