Lloyds TSB Save The Change Scheme

Lloyds TSB is now offering a new type of save-as-you-spend savings scheme with a twist.

Registered customers of the Save the Change scheme will see their debit card transaction amounts rounded up to the nearest pound. The money is taken from the debit card account and the rounded up amount - the change - is automatically transferred into a Lloyds TSB savings account.

So, buy a couple of bottles of wine for a total of £9.60. Your debit card account is actually debited for £10 and 40p is then transferred to your specified savings account.

Now, I'm not sure if the "change" is transferred to your savings account immediately or whether a single transaction is made for all the accumulated change once a month. From what I can tell it's an immediate transfer.

This product might suit some people though it's not for me. The main reason being is that I pay for literally as much as I can on credit card to maximise the benefit of my offset account. Additionally there are several instant access savings accounts offering decent rates. Perhaps relunctant savers who spend on their debit cards might find the offering more interesting?

Welcome Back citibank

As an affiliate it's great to have citibank back in the mix of finance merchants!

We promoted the citi credit card for a long time before the programme was taken offline some while ago. But now citi are back with a current account offering and what looks like a decent flexible, instant savings account that we've started to promote here. It's suggested that the citi card will also be back online in due course too.

Actually, whilst the credit card market is reportedly not as buoyant as it was say 12 months ago, there are a few new programmes coming on-stream in various affiliate networks. We should have one or two new offerings over at cardtart very soon.