Savers are being encouraged to utilise an app tool to bolster their savings. This feature, available with prominent banks such as Lloyds Bank, Nationwide Building Society and Halifax, can be used when making regular payments like grocery shopping or grabbing a coffee.

Mike Ambery, retirement savings director at Standard Life, has shared some tips on how to increase your savings. One suggestion he made is to use a feature of banking apps that allows you to round up the amount you pay for an item and deposit the difference into your savings.

He explained: "Many banking apps let you round up your purchases and save the spare change automatically. For example, spending £2.80 but rounding this to £3, so 20p goes straight into savings.

"It's a simple way to build a savings pot without noticin

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