Currently 'Money Pools' and 'Accounts' are very similar. Accounts represent the actual regulated product provided to you by Griffin Bank Ltd. We open an Account for every Money Pool you create.
Money Pools have some additional features that sit on top of accounts (e.g. nudges), which help our customers organise and manage their money better.
For this reason to tend to encourage our customers to use Money Pools in the first instance to manage their money, but if they need to see or check the core account-level detail they can access this via Accounts.
In addition, although we do not currently offer it, we want to leave open the possibility of combining multiple Accounts within one Money Pool. For example you may have a savings goal to save for a house deposit and utilise ISA accounts and Marygold Saving Accounts. In this example there is one goal utilising multiple accounts. This is why we consider Money Pools and Accounts as distinct.