Lloyds Bank urges customers to use its savings calculator and follow the 50:30:20 budget rule to boost their savings.

Lloyds Bank encourages customers and non-customers alike to use its free online savings calculator, demonstrating with an example that saving £50 per month with an initial £100 over 12 months yields £700, and also promotes the 50:30:20 budgeting rule (50% needs, 30% wants, 20% savings) as a simple method for boosting savings.