Save the Change®

At a glance

  • Save a few pennies every time you spend with your Lloyds Bank visa debit card
  • Put your savings into your own savings account or nominate a family member’s account

About Save the Change®

Save the Change® makes saving so easy you’ll forget you’re doing it.  Every time you spend with your Lloyds Bank Visa debit card, the amount will be rounded up to the nearest pound and transferred to the Lloyds Bank savings account of your choice.

How Save the Change® works

  • Every time you use your Lloyds Bank Visa debit card we’ll round up the amount you spent to the nearest pound and transfer the difference from your current account into an eligible Lloyds Bank savings account
  • We’ll only make Save the Change® transfers when your current account is in credit
  • Save the Change® is available for most Lloyds Bank savings accounts, except Monthly Saver, Term Deposits, Child Trust Fund, Tracker bond, eBond and ISA products
  • You can turn Save the Change® on and off or switch your nominated saving account whenever you like through Internet Banking
  1. With Save the Change® set up on your Lloyds Bank current account, when you make a purchase using your Lloyds Bank VISA Debit card, we work out the amount to the next whole pound and transfer it from your current account to the Lloyds Bank savings account you have nominated.
  2. Our agreement with you is made up of general conditions (contained in the Personal Banking terms and conditions leaflet) and additional conditions, including the conditions below. If there is any overlap or conflict between the additional conditions and the Personal Banking terms and conditions, the additional conditions apply.
  3. You need to nominate:
    a) a personal current account you hold with us, which has a Visa debit card; and
    b) an eligible savings account which you or a family member or friend hold with us.

    The Lloyds Bank savings accounts that are not eligible to receive Save the Change® transfers are currently: Lloyds Bank Monthly Saver; ISA products; Fixed Products and E-Bond.
  4. When you use your Visa debit card to make a purchase, the amount of the purchase debited to your current account will be rounded up to the next whole pound and the difference (‘the change’) will be combined with the change from your other Visa debit card purchases debited the same day. The combined change will be transferred from your current account to the nominated savings account at the start of the next working day. Whole pound purchases will not be rounded up to the next pound.
  5. We will apply Save the Change® to all Visa debit card purchases both in the UK and abroad. We will not apply Save the Change® to over-the-counter cash advances, ATM withdrawals, or fees charged for non-Lloyds Bank ATM transactions.
  6. We will not make a Save the Change® transfer if that transfer will take your current account overdrawn or further overdrawn (whether or not an overdraft has been arranged in advance). To work out whether the transfer would take you overdrawn or further overdrawn, we look at the credit balance available for you to use less the amount of card payments we have authorised but not yet taken.
  7. If you hold a joint account we will apply Save the Change® to any Visa debit cards issued to the joint account holders on that account. All joint account Save the Change® transfers must be made to the same nominated savings account. You should not register for Save the Change® unless the other joint account holders are happy for you to do so.
  8. If you nominate a family member or friend’s savings account, they will receive the change and you will not be able to give us instructions about the change once it is transferred to their account.
  9. If any Visa debit card purchases are subsequently cancelled or reversed, or you notify us of any fraudulent debit card purchases, the corresponding change will remain in the nominated savings account.
  10. Save the Change® transfers will appear on your current account and the nominated savings account statements as ‘Save the Change®’.
  11. You can cancel the Save the Change® scheme or change the nominated savings account into which your change is transferred by calling 0845 3 000 000 at any time, or by visiting your local Lloyds Bank branch, or through Internet Banking if you are registered for this service.

You can register for Save the Change® in moments online if:

  • you have a Lloyds Bank current account.
  • you have an eligible Lloyds Bank savings account.
  • you’re registered for Internet Banking.

Not registered for Internet Banking?

Already an Internet Banking user?

Register by phone or in branch

If you have a Lloyds Bank current account and eligible Lloyds Bank savings account, you can register for Save the Change® by calling  0845 3 000 000 or in your local branch. Find your local branch.

No savings account?

You can open an eligible savings account online, over the phone on 0845 3 000 000, or in your local branch. Find your local branch.

New to Lloyds Bank?

Find out about switching to us.

Find the right account

We have a wide range of savings accounts to help you reach your goals.

 

Glossary

AER

AER stands for Annual Equivalent Rate. It illustrates what your interest rate would be if interest was paid and compounded each year and allows you to easily compare different savings accounts.

Net rate

Net rate is the rate of interest payable after allowing for the deduction of income tax at the rate specified by law (currently 20%).

Gross rate

Gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law (currently 20%).

Tax free rate

Tax-free is the contractual rate of interest payable where interest is exempt from income tax.

Ways to apply

Apply online

You can register for Save the Change® in seconds if you have a Lloyds Bank current account and an eligible savings account, and you’re registered for Internet Banking.

    Over the phone

    To register for Save the Change® over the phone, just call us on 0845 3 000 000.

      Don't have a Lloyds Bank savings account?

      You can open an eligible savings account online, by phone on  0845 3 000 000, or in your local branch.

        New to Lloyds Bank?

        To register for Save the Change®, you need to have a Lloyds Bank current account.