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Save the Change™

At a glance

  • Save a few pennies every time you spend with your Lloyds TSB 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 TSB Visa debit card, the amount will be rounded up to the nearest pound and transferred to the Lloyds TSB savings account of your choice.

How Save the Change™ works

  • Every time you use your Lloyds TSB 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 TSB 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 TSB 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 TSB current account, when you make a purchase using your Lloyds TSB VISA Debit card, we work out the amount to the next whole pound and transfer the difference from your current account to the Lloyds TSB savings account you have nominated. Save the Change™  is provided by Lloyds TSB Bank plc or Lloyds TSB Scotland plc, whichever provides your current account.
  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 TSB savings accounts that are not eligible to receive Save the Change™ transfers are currently: Lloyds TSB Monthly Saver; ISA products; Term Deposits; Tracker bond; eBond and Child Trust Funds.
  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 TSB 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 TSB 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 TSB current account.
  • you have an eligible Lloyds TSB savings account.
  • you’re registered for Internet Banking.

Not registered for Internet Banking?

Apply nowApply now for Internet Banking.
3mins

Already an Internet Banking user?

Log in and registerLog in and register for Save the Change™.
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Register by phone or in branch

If you have a Lloyds TSB current account and eligible Lloyds TSB 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 TSB?

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 the account pays after lower rate tax has been deducted. If you are a non-taxpayer, you can reclaim the tax by completing an HMRC R85 form. As the rate of tax may vary, the net rate is given for illustration only and is rounded to two decimal places.

Gross rate

Gross rate means that credit interest is paid without income tax being deducted. You can receive your interest paid gross if you are a non-tax payer and have completed an HMRC R85 form.

Tax free rate

The tax-free rate 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 TSB current account and an eligible savings account, and you’re registered for Internet Banking.

Register nowRegister 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 TSB savings account?

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

      Find out moreLearn about our range of savings accounts.

        New to Lloyds TSB?

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

        Find out moreOverview of Lloyds TSB current accounts

          Important legal information

          Lloyds TSB Bank plc and Lloyds TSB Scotland plc are authorised and regulated by the Financial Services Authority except for lending where we are licensed by The Office of Fair Trading. FSA authorisation can be checked on the FSA’s Register at: www.fsa.gov.uk/register. Lloyds TSB Bank plc and Lloyds TSB Scotland plc are members of the Financial Services Compensation Scheme and the Financial Ombudsman Service. We subscribe to the Lending Code; copies of the Code can be obtained from www.lendingstandardsboard.org.uk.

          If your non savings income is less than your personal allowance you may qualify for the 10% savings tax rate, we will still pay your interest net of tax (with income tax taken off - currently 20%). If you think that this may apply to you, you should complete HMRC form R40, available on HMRC website or your tax office.

          Lloyds TSB Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds TSB Scotland plc. Registered office: Henry Duncan House, 120 George Street, Edinburgh EH2 4LH. Registered in Scotland No. SC 95237.

          Calls may be monitored and recorded in case we need to check we have carried out your instructions correctly and to help us improve our quality of service.

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