Lloyds Bank says people 'could save £700' with simple method

Lloyds Bank says people 'could save £700' with simple methodPeople could save £700 - or more - which could pay off your next holiday or boost your savings Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Bookmark Add us as preferred source Comments By Sophie Buchan 12:59, Sat, May 16, 2026 Updated: 13:02, Sat, May 16, 2026 The bank has also urged people to follow another handy saving tip to boost their money even more (Image: Getty)Lloyds Bank is encouraging people to use its helpful tool to boost their savings, and it’s available even to non-customers. The banking group, which also includes Halifax and Bank of Scotland, provides a savings calculator that helps users estimate when they might reach their goals and how much they need to save to achieve them. window.scriptsToLoad.push({url:'https://live.primis.tech/live/liveView.php?s=118222&vp_content=plembed3a6btjknzwqh&cbuster=%%CACHEBUSTER%%&playerApiId=v118222',triggeredBy:'tcfLoaded',delay:1500,containerId:'ovp-primis',title:"Primis player",beforeLoad:()=>{window.top.addEventListener('primisPlayerInit',e=>{try{if(e.detail&&e.detail.playerApiId==="v118222"){if(window.document.getElementsByClassName('jwplayer')[0]){e.detail.float('disable')}}}catch(e){}})},}) Discussing why it's a good idea to use a savings calculator, it explains: "You could be planning a large expense, or just want the peace of mind that you've got a financial safety net in place."It explains that, regardless of your goal, a savings account calculator can quickly show you how much you need to save each month to reach it and how long it will take to save the amount you want.It continues: "You could also be considering whether to choose between savings or credit. If you can afford to wait, it often pays off to take your time and save up for the things you want. While credit is convenient, it could be more expensive, especially when you account for interest, fees and other charges." Read more: 'Extra UK...