If you are coming to the end of your mortgage, credit card or loan payment holiday, we will contact you before it ends, there is no need to call us. To help find the right solution for your needs you can use our coronavirus support tools for credit cards and loans and for Halifax mortgages. If you have a Bank of Scotland mortgage, find out more here.

Helpful savings tools and tips

Know the savings tips and tools to help you save.

Why remember to save? Do it automatically

Want to save the same amount regularly, for example £20 every month or every week? There would be no need to remind yourself if you set up a standing order.

This payment can be easily set up and cancelled when you want through Internet Banking.

Set up a regular payment

Save the Change®

Have a Bank of Scotland debit card? You can save the difference to the nearest pound when you spend with it.

For example, spend £1.80 and 20p would be moved to your qualifying savings account.

It's so easy, you would save without noticing.

More about Save the Change®

The first steps of saving

1. Create a budget

Where is your money going? Find out and you can see where you can make cutbacks and move more money to your savings.

2. Set targets

Give yourself targets for the most you want to spend in different areas such as transport, food, rent, bills and entertainment.

3. Save regularly

Set up a standing order to move money to your savings account as soon as you get paid. And don't forget, if your income increases, increase the amount you save. You would save more without noticing.

More savings tips

  • Try to set aside three months’ salary in case of difficulties and to help you prepare for the unexpected.
  • Separate your savings into different accounts. You can rename your savings accounts on Internet Banking.
  • Look for better deals on your energy, home insurance and car insurance on comparison websites.
  • Start long-term savings as soon as you can. Speak to your employer about possible pension schemes to join.

Want face-to-face help?

You can book a personal review in branch to check you're making the most of your money.

Book a personal review

The prize draw for savers

With more than 1,600 prizes in every monthly draw, saving could reward you with more than just interest.

Halifax Savers Prize Draw