Money pools are a simple tool that helps customers logically organise their savings in a way that makes sense to them.
We all save and put aside money for many reasons. We might be saving for a new car, a house deposit, university fees....the list is endless. Or we might want to keep aside a sum of money to cover unexpected bills or emergencies. How, why and what we save is very personal to us.
In addition we may place greater or lower importance on some savings pools over others, and also have different emotional responses to how we feel about these pools of savings.
For this reason as well as allowing our customers organise their savings, our money pools have other features that can be used, or not, which may be useful. For example, we might have an important spending goal we really want to hit but we also know that we can often be tempted to buy the latest thing (fashion, gadget, night out, etc). Well if you want you can add apply a time-lock to any money pool you like which will delay any withdrawals by 7 days just in case you decide you actually don't need it after all.
You can also do other things like convert your money pools to 'Piggy Banks', which help hide your money from yourself because you don't want to know how much you have actually saved....out of sight out of mind.
We don't force users to create money pools nor use the extra features. Every one of us is different, and we're all human. If these features work for you then great, use them. If all you want to do is earn a better savings rate on the savings you have then that is just fine too!