subject: Boosting your savings account with some online help [print this page] Boosting your savings account with some online help
There are all sorts of ways in which the internet has become an integral part of people's day-to-day lives. But one of the things you might not be aware of is that it can also be a handy tool for managing your savings accounts.
In addition to the range of services internet banking can provide - such as checking your balance and paying bills - you can also link other types of accounts to your existing current account. For example, if you have savings or an ISA, connecting it to your bank account will allow you to keep a closer eye on how it is progressing. This could be particularly important when the temptation is to spend rather than top up your nest egg. Instead, you would simply need to transfer the money from your bank account to your savings.
Of course, one of the best ways to boost your savings or ISA account is to add to it more regularly and this is just as easy to manage online. In addition to opening up an account using the internet, you should find setting up a direct debit that will frequently boost your cash pile after pay day equally simple.
If you are looking for a savings option that is easy to use, the Save the Change feature from Lloyds TSB Is a simple way to save a little and often. This allows account holders who have a registered Visa debit card to make a small deposit into a designated savings account every time they use the card in a store. When the card is used, the bank rounds up the amount of the transaction to the nearest pound. The extra pennies are then put away for you to use whenever you want. This way, you are making deposits that add up to savings without even realising it - which will come in handy further down the line.
The facility can also be switched on and off as and when you like by simply making the change yourself. You can do this by accessing your account online and the bank even promises that no extra cash will be taken on a transaction if you don't have it available in the first place. That way there is no danger of going unwittingly into overdraft territory. You can find Save the Change on most of Lloyds TSB's savings accounts so why not see how it could work for you.
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