For savers and spenders alike, the New Year is a great time to give personal finances a workout.
Lloyds TSB has established a range of services offering advice on money management, with a wide range of financial advice, guidance and products – all designed to help make your money work harder:
Create a Budget
The best way to get finances in shape and keep them that way is to take a long hard look at incomings and outgoings and create a budget.
Lloyds TSB has a range of experts in its branches across the country that can help customers with day to day budgeting, to make sure they start the year on the right footing.
A wide range of hints and tips on money management are also available at Lloyds TSB online.
Get a Current Account that gives more.
Customers who pay in at least Â£1,000 a month can make their money work harder by adding Vantage to their Lloyds TSB Classic Account or Added Value current account.
Vantage offers competitive interest rates of up to 4% AER so the bigger the balance the better the interest.
Lloyds TSB also offers a full range of Added Value accounts, which come with benefits such as travel insurance, car breakdown cover and interest free overdrafts.
Make sure your investments and savings are working hard.
The bank has a useful Savings Tool to help compare savings to reach any savings goals.
Compare mortgage rates to see the best deals. Those with a tracker mortgage or standard variable rate mortgage, may be enjoying a low interest rate due to the fall in Bank of England Base Rate.
Make the most of this saving, by considering whether it is cost-effective to reduce the size of your loan, by switching from interest only to capital repayment or by making regular overpayments.
Cheltenham & Gloucester and Lloyds TSB mortgage customers can overpay their loan by up to 10 per cent a year without incurring charges.
Peter Jackson, managing director, consumer banking, Lloyds Banking Group said: â€œMaking a resolution to tackle your finances is one of the simplest but potentially most rewarding things you can do in the New Year.â€
Visit the Lloyds TSB Savvy website for more financial hints and tips.