Harness the Power of Effortless Saving
Saving money can be a daunting task for many, but what if we told you there’s a simple and effortless way to get started? One expert has revealed a clever bank trick that can save you a staggering £650 each year, and you won’t even notice it.
Once you’re all signed up, each time you spend, the bank rounds up your transaction to the nearest pound, squirreling the extra into a savings pot. For instance, if you indulge in a £3.40 latte, the round up function makes it a neat £4, with the 60p difference slipped into your savings. Although they might seem like small change, these pennies soon stack up.
Effortless saving is just around the corner
According to Moneybox app, users of this method tuck away an average of £12.37 a week; that’s £650 annually saved with minimal fuss. The best part? There’s no need to worry about dipping into the red, as the round-ups won’t happen if funds are tight, protecting you from any unwanted overdraft scenarios.
The Importance of a Robust Interest Rate
Effortless saving is great, yet it’s crucial to pick a savings account with a robust interest rate. Jason, an expert, emphasizes the essence of looking for accounts that pay interest rates higher than inflation to ensure your savings grow in real terms.
“Round ups are a great way to build the savings habit, with the added bonus of earning strong interest too.”
By seeking out accounts offering interest rates above the current 2.3% inflation rate, you can ensure your savings actually increase in value over time. It’s time to make your money work for you.
Don’t let your savings stagnate
Start Saving Today
With this clever bank trick and a robust interest rate, you can effortlessly save £650 each year. It’s time to take control of your finances and make your money work for you. Start saving today and watch your piggybank grow.
Reach your savings goals with ease
