Lloyds Bank, Halifax and Nationwide 'simple' app tool can build your savings

A simple app feature offered by banks like Lloyds, Halifax, and Nationwide can help customers build savings by automatically rounding up everyday purchases. This "round-up" tool, exemplified by Lloyds Banking Group's "Save the Change" and similar functions at Nationwide, allows users to set aside the spare change from transactions, such as buying groceries or coffee, directly into their savings accounts. This feature is particularly beneficial for individuals who find it challenging to commit larger sums to savings. By making small, almost unnoticeable contributions with each transaction, users can gradually build a savings pot without feeling a significant impact on their immediate spending power. The tool can be easily set up through mobile banking apps or online banking platforms. Beyond the round-up feature, financial experts also suggest other strategies for saving, including creating separate savings pots for different financial goals like holidays or emergencies an... download the app to read more