Bank Account's you cannot withdraw from...easily anyway

[Riiya]

Hey,

I don't know much about bank accounts, but does anyone know if it's at all possible to have a bank account which you 'cannot withdraw from'. By this I mean a bank account which will let you save money and deter you away from spending it!

I seem to remember someone telling me that this kind of bank account would technically be illegal; anyone know of any account that is tailored for saving, but limiting what you can take back out? Like an account which will only let you draw out with 30 days notice, or an account which is inaccessible for 1 year?

I know there are certain things called bonds - my friend is receiving a bond on his 21st birthday with 10,000 GBP in it apparently, lucky ******* - which hold money until certain dates...

Any guidance would be much appreciated. Thanks!

Regards.

 

[Riiya]

I save money with zopa, an online lending exchange. Now its not everybody's cup of tea because of the risks involved. What I like about it, is that once I lend my money out to people - I won't get it back until they repay me, which may well be 1 or 2 years.

Interesting, but i'm guessing it is very risky?

 

[Riiya]

Interesting, but still too scary for me I think.