Easy access
Lloyds Bank savings accounts
Lloyds Bank offers a broad range of savings accounts with interest rates up to 6.25%.
Not enough reviews
Write a review
Lloyds Banking Group is part of the “big four” banks in the UK and it has branches across England and Wales. Its brand, Lloyds Bank, offers an array of savings accounts for all types of savers.
Easy access savings accounts
Table: sorted by interest rate
Lloyds Bank's best easy access rate of 4.25% is significantly lower than today's market-best rate of 7.49%.
Compare more instant and easy access accounts up to 7.49%
Cash ISAs
Table: sorted by interest rate
Lloyds Bank's best cash ISA rate of 4.6% is slightly lower than today's market-best rate of 5.16%.
Compare more ISAs up to 5.16%
Fixed-rate bonds
Table: sorted by interest rate
Lloyds Bank's best fixed-rate bond rate of 4.35% is slightly lower than today's market-best rate of 5.25%.
Regular savings accounts
Table: sorted by interest rate
Lloyds Bank's best regular savings account rate of 6.25% is slightly lower than today's market-best rate of 7.49%.
Compare more regular savings accounts up to 7.49%
Business savings accounts
Table: sorted by interest rate
Lloyds Bank's best business savings account rate of 4.37% is slightly lower than today's market-best rate of 5.25%.
Compare more business savings accounts up to 5.25%
What is Lloyds Bank's best savings account with the highest interest rate?
The best savings account depends on what you want from your savings. If you're after fast access to your money, then an easy-access account should suit you. However, if you're happy to lock your money away for a time to access a higher rate, then a fixed-rate bond is a good option.Finally, if you're looking to maximise your returns and shield them from income tax, consider an ISA. Below, we've listed the different types of accounts Lloyds Bank offers, plus the highest interest rate currently available.
| Savings account types include | Easy access, cash ISAs, fixed-rate bonds, regular savers, business |
|---|---|
| Best easy access rate | 4.25% |
| Best cash ISA rate | 4.6% |
| Best fixed-rate bond rate | 4.35% |
| Best regular saver rate | 6.25% |
| Best business savings account rate | 4.37% |
| Fixed bond terms | 1 year - 2 years |
| Opening options | Branch, website, mobile app, telephone |
| FSCS protection |
Other popular accounts
Didn’t find the account type you were looking for? Check our other guides:
How do I decide which account is for me?
Firstly, you need to decide what you’re looking for in a savings account. How often are you planning to draw out money? How much money can you afford to save each month?
You need to work out what you need before comparing the different offers available for certain types of savings accounts. Once you have done that, it’s useful to look at:
- Interest rates
- Fees (If there are any.)
- Access to cash (If you need quick access, for instance.)
- Rewards and loyalty schemes (If you’re into add-ons or switching bonuses.)
How to open a Lloyds savings account
- With all Lloyds’ savings accounts you must be 16 or older.
- You must also be a resident in the UK for tax purposes.
- Most of the accounts discussed can be opened at a branch, online or over the phone.
Does Lloyds offer online or mobile banking?
Yes, Lloyds offers online and mobile banking services, so you can bank with ease wherever you are. Well, at least somewhere with Internet connection.
What are the pros and cons of banking with Lloyds?
Pros
- Online banking. With most of Lloyds’ savers you can access your account online. Lloyds offers a mobile app too.
- Flexibility. Lloyds offers several savings account options, so there’s bound to be one suited to your needs.
- Preferential interest rates for existing customers. If you are a Club Lloyds customers, then you may be able to access slightly better interest rates on some Lloyds savings accounts.
Cons
- Better rates elsewhere? While Lloyds does offer competitive interest rates you can get better elsewhere. They’re certainly not market leading.
Customer service information for Lloyds
| Email support | |
|---|---|
| Telephone support | |
| In-app or live chat | |
| Contact form | |
| Branch support |
Bottom line
Whether you want to lock away your money for a fixed amount of time, or need to be able to access it whenever required, Lloyds offers a range of savings accounts and other options to help you manage your money.
Don’t forget to check our top savings rates round-up first, though, to see how Lloyds savings accounts weigh up against the competition in terms of rates, fees and perks.
Frequently asked questions
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
More guides on Finder
-
How to buy Rubrik (RBRK) shares when it goes public
Everything we know about the Rubrik IPO, plus information on how to buy shares.
-
Problems in the growth pipeline? The female startup funding gap
Is the UK leaving £250 billion in growth on the table? Our free report shows how female entrepreneurs aren’t getting the same startup funding as men.
-
Robinhood statistics 2024: Users, revenue and growth
We look at the latest statistics on global trading app Robinhood, including the number of users, revenue and profitability.
-
Financial adviser vs coach: Who to talk to about your money
From financial advisers to accountants – if you need help with your personal finances, here’s who to talk to about what.
-
Best ways to invest £20k
Discover how you can build wealth by investing £20,000 and explore some of the top strategies for investing your money.
-
Zing review: An international money transfers app from HSBC
The multi-currency account could be a cost-effective option for anyone who is going abroad, provided you don’t plan to withdraw lots of cash.
-
What is a good salary in London?
According to the latest figures, a single person living in London would need a gross salary of £37,000 to be financially stable.
-
1 in 4 Brits plan to open an ISA in the new tax year
More than 13 million Brits plan to open an ISA after the new financial year starts on 6 April, according to a new Finder survey.
-
Winners revealed in the Finder Car Insurance Innovation Awards 2024
These awards recognise the car insurance providers displaying the best innovations in their field.
-
Winners of the Finder Car Insurance Innovation Awards 2024 revealed!
The winners of the Finder Car Insurance Innovation Awards 2024 have been announced, find out who won here.