Savings buckets are a good idea. Separate savings goals within one account for easier management. Brilliant! However, there is a major flaw that renders them useless. Interest must be paid out proportionally to be effective. Without this simple feature, the buckets are pointless.

I started with this account and found out it is easy to open other accounts, like a spending account and CD accounts. everything is self-explanatory so I can start a new account or move money around to exiting accounts 24/7 while I am sitting in my Lazy Boy.

I shopped around for a HYSA that had management capabilities. Although ALLY isn't the "highest" HYSA (as of 02/24), buckets and boosters helped to confirm my decision by giving me a clear way of categorizing my saving and goals. When making a yearly budget, instead of doing line items per expense or per month in a spreadsheet, I can now make buckets and accrue interest for something I was already doing the effort for tracking "the hard way". I really appreciate having an exceptionally easy way of visually tracking savings progress and goal management with buckets.