We have 2 savings accounts, one in 2 different banks. We don't have a huge amount in either account. Both have about a thousand bucks in them. One is added to monthly, the other is added to if there is extra left in our checking account when our pensions come in. Mainly because from March to about June or July we have to put out $500.00 + for our prescriptions per month, until Pharmacare kicks in and pays 80% for us, then another month or so they pay all of it. Pharmacare kicks in in time for us to start Xmas shopping, which we always start in September or October. Paying cash all the way.