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A while back I signed up with LloydsTSB's Save the Change. What you need is a current account, and a savings account, both with Lloyds.
Basically, it means that every time you use you debit card, the bank rounds up the transaction to the nearest pound. They then dump the difference into your nominated savings account. A virtual savings jar for virtual small change.
It's amazing how quickly it builds up. More info here... http://www.lloydstsb.com/savings/save_the_change.asp
Mind you, I'm starting to use my debit card as little as possible now, as I'm trying to live on a weekly cash withdrawal. But the principal is sound, so long as you are the sort of disciplined person that can keep track of your card transactions. Which I have come to the conclusion, I'm not.
Basically, it means that every time you use you debit card, the bank rounds up the transaction to the nearest pound. They then dump the difference into your nominated savings account. A virtual savings jar for virtual small change.
It's amazing how quickly it builds up. More info here... http://www.lloydstsb.com/savings/save_the_change.asp
Mind you, I'm starting to use my debit card as little as possible now, as I'm trying to live on a weekly cash withdrawal. But the principal is sound, so long as you are the sort of disciplined person that can keep track of your card transactions. Which I have come to the conclusion, I'm not.
