Lloyds current accounts for July 2025

Take a look at Lloyds' full range of current accounts – some of which even pay interest on your balance.

4.2 ★★★★★ (705 reviews) Write a review
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Jason Loewenthal

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Lloyds Bank

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A Lloyds current account comes with all the pros you can expect from a major UK bank: a well-organised network of branches, all kinds of related financial products, customer service and top-level security. Lloyds Bank often runs switch incentives where customers can earn a switching bonus when they open a new current account with the bank and close down another account held elsewhere.

Compare Lloyds current accounts

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Product Finder Score Account fees Funding requirement Interest (AER) Arranged overdraft Incentive Representative example
Lloyds Bank logo
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Lloyds Bank Platinum Account
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£22.50 per month
No minimum funding requirement
0% AER
0% EAR variable on the first £50 and then 29.9% EAR variable
Free travel accident insurance – covers account holder, partner and dependent children up to 18 years old.
Current account switch service guarantee badgeRepresentative example: If you use an arranged overdraft of £1,200, you'll be charged interest at 0% EAR variable. Account fee of £22.50 per month.
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LLoyds Bank Silver Account
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£11.50 per month
No minimum funding requirement
0% AER
0% EAR variable on the first £250 and then 29.9% EAR variable
Free travel accident insurance – covers account holder, partner and dependent children up to 18 years old.
Current account switch service guarantee badgeRepresentative example: If you use an arranged overdraft of £1,200, you'll be charged interest at 0% EAR variable. Account fee of £11.50 per month.
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Lloyds Bank Basic Account
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£0
No minimum funding requirement
0% AER

Everyday Offers - Earn up to 15% cashback from selected retailers when shopping with a Lloyds Bank credit or debit card.
Current account switch service guarantee badge
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Lloyds Bank logo
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8.9Great
Lloyds Bank Classic Account
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8.9Great
£0
No minimum funding requirement
0% AER
29.9% EAR variable
Everyday Offers - Earn up to 15% cashback from selected retailers when shopping with a Lloyds Bank credit or debit card.
Current account switch service guarantee badgeRepresentative example: If you use an arranged overdraft of £1,200, you'll be charged interest at 29.9% EAR variable.
More info
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Lloyds Bank logo
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LLoyds Bank Graduate Account
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£0
No minimum funding requirement
0% AER
29.9% EAR variable
Everyday Offers - Earn up to 15% cashback from selected retailers when shopping with a Lloyds Bank credit or debit card.
Current account switch service guarantee badgeRepresentative example: If you use an arranged overdraft of £1,200, you'll be charged interest at 29.9% EAR variable.
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Lloyds Bank logo
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8.5Great
Lloyds Bank Smart Start Spending Account - Age 11-15
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8.5Great
£0
No minimum funding requirement
0% AER

Linked savings account.
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Lloyds Bank logo
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8.9Great
Lloyds Bank Under 19s Account - Age 16-17
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8.9Great
£0
No minimum funding requirement
0.5% AER

Current account switch service guarantee badge
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Lloyds Bank Under 19s Account - Age 11-15
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£0
No minimum funding requirement
0.5% AER

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Lloyds Premier
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£15 per month (Account fee waived if account credited with at least £5,000 per month or £100,000 held in savings or investments).
Min. £5000 Per Month
1.5% AER
29.9% EAR variable
Earn 1% cashback on eligible debit card spend, max £10 per month.
Current account switch service guarantee badgeRepresentative example: If you use an arranged overdraft of £1,200, you'll be charged interest at 29.9% EAR variable. Account fee of £15 per month (Account fee waived if account credited with at least £5,000 per month or £100,000 held in savings or investments)..
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Lloyds Bank logo
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8.5Great
Lloyds Bank Platinum Account
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8.5Great
£3.00 per month
No minimum funding requirement
1.5% AER
0% EAR variable on the first £100 and then 29.9% EAR variable
Free travel accident insurance – covers account holder, partner and dependent children up to 18 years old.
Current account switch service guarantee badgeRepresentative example: If you use an arranged overdraft of £1,200, you'll be charged interest at 0% EAR variable. Account fee of £5 per month (Account fee waived if account credited with at least £2000 per month). £22.50 per month (£5 discount if account credited with at least £4,300 a month or £5,500 a month for joint accounts, or at least £75,000 savings held in qualifying accounts)..
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Lloyds Bank Silver Account - with Club Lloyds
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£5 per month (Account fee waived if account credited with at least £2000 per month). £11.50 per month (£2 discount if account credited with at least £4,300 a month, or £5,500 a month for joint accounts, or at least £75,000 savings held in qualifying accounts).
No minimum funding requirement
1.5% AER
0% EAR variable on the first £100 and then 29.9% EAR variable
Free travel accident insurance – covers account holder, partner and dependent children up to 18 years old.
Current account switch service guarantee badgeRepresentative example: If you use an arranged overdraft of £1,200, you'll be charged interest at 0% EAR variable. Account fee of £5 per month (Account fee waived if account credited with at least £2000 per month). £11.50 per month (£2 discount if account credited with at least £4,300 a month, or £5,500 a month for joint accounts, or at least £75,000 savings held in qualifying accounts)..
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Lloyds Bank logo
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8.6Great
Lloyds Bank Club Lloyds Account
Finder score
8.6Great
£3.00
No minimum funding requirement
1.5% AER
0% EAR variable on the first £100 and then 29.9% EAR variable
Everyday Offers - Earn up to 15% cashback from selected retailers when shopping with a Lloyds Bank credit or debit card.
Current account switch service guarantee badgeRepresentative example: If you use an arranged overdraft of £1,200, you'll be charged interest at 0% EAR variable. Account fee of £5 per month (Account fee waived if account credited with at least £2000 per month)..
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Lloyds Bank Student Account
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£0
No minimum funding requirement
2% AER
N/A
Everyday Offers - Earn up to 15% cashback from selected retailers when shopping with a Lloyds Bank credit or debit card.
Current account switch service guarantee badgeRepresentative example: If you use an arranged overdraft of £1,200, you'll be charged interest at 29.9% EAR variable.
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Finder Score for bank accounts

To make comparing even easier we came up with the Finder Score. Fees, features and customer service across 20+ of the most popular banks are all weighted and scaled to produce a score out of 10. The higher the score the better the account – simple.

Read the full methodology

Types of current accounts from Lloyds

Here’s a list of the types of current accounts that Lloyds has to offer. As you can imagine, there’s one for every need, from children who are just starting their personal finance journey to fully established professionals.

  • Reward and incentive accounts

    With Club Lloyds, you get an annual interest rate on your balance, plus other lifestyle benefits. Meanwhile, if you pay in the minimum required amount, Lloyds will waive your monthly fee. If you’d rather get a more straightforward cash reward directly when you switch, you can compare incentive account options on Finder.
    Learn more about reward and incentive accounts

  • Premium accounts

    Unlike most premium accounts, Lloyds’ Platinum account doesn’t have strict eligibility criteria. Most people can get it, but it does come with a monthly fee in return for a full range of insurance benefits.
    Learn more about premium current accounts

  • Student accounts

    Lloyds’ student account is a solid option that offers an interest-free overdraft to make your tight budget a bit more flexible. It also offers cashback on certain purchases but no freebies, so you may want to compare alternatives to see if you can secure a free railcard or a cash welcome incentive too.
    Learn more about student accounts

  • Graduate account

    Lloyds’ student account automatically converts to a graduate account once you’ve completed your university course. This offers an interest-free overdraft that gradually reduces each year.

    Learn more about graduate accounts

  • Children’s accounts

    Lloyds’ children’s account treats your kids with a little interest rate on their balance, and is an effective tool to teach them how to manage their money, starting from when they’re as young as 11.

    Learn more about children’s accounts

  • Business accounts

    Lloyds offers a business account for companies that have an annual turnover of less than £25 million. If it’s your first business account with Lloyds, it will waive the account fee for the first 12 months. Lloyds also offers accounts for schools and community groups, plus business accounts for professional practices including solicitors, accountants, insurance brokers and estate and managing agents.

    Learn more about business accounts

Does Lloyds offer any promotions, discounts or refer-a-friend offers?

Yes, Lloyds often offers switching deals although it’s not currently offering any. We have a page on all switching deals, if you’re interested.

Does Lloyds offer joint accounts?

Yes, you can open a joint account between 2 people with Lloyds.

Does Lloyds offer premium/packaged or premier accounts?

Yes, Lloyds offers a range of packaged bank accounts, including its Platinum account, which costs £22.50 a month. It no longer offers its Premier account to new customers.

Lloyds current account customer reviews

In our independent 2025 customer satisfaction survey, 85% of Lloyds’ users said they’d recommend the brand to a friend. Customers highlighted the bank’s low fees and good customer service. Here’s what some of those Lloyds customers had to say:

“Good in branch and online, a trusted brand which has been around a long time”

“Brilliant, great cashback, low to zero fees. A great app and a local branch if needed”

On reviews site Trustpilot, Lloyds has a score of 1.6 out of 5 from more than 5,000 reviews. On the Apple App Store, it is rated 4.8 out of 5 from 2.2 million reviews, while it scores 4.5 out of 5 from more than 348,000 reviews on the Google Play Store. These were updated in April 2025.

Pros and cons of banking with Lloyds

Pros

  • Rewards. Aside from paying interest on balances, Lloyds also has a decent rewards programme that lets you earn cashback when you shop at selected retailers. All current account holders can register for it.
  • Multiple ways to bank. As is usual with big banks, with Lloyds you can stay on top of your current account using the mobile app, online, on the phone or in person.
  • Mobile banking app. It’s a straightforward and clean app, although it doesn’t come with loads of features. But Lloyds is gradually improving it.
  • Global acceptance. Lloyds debit cards are on the Visa network, so you don’t have to worry about acceptance, even if you go abroad.
  • A full range of financial products. Mortgages, loans, credit cards, you name it. If you prefer concentrating all your banking stuff in the same financial institution, a big bank is a smart choice that will give you many different products to choose among.

Cons

  • Packaged accounts are pricey. Lloyds’ packaged account options have relatively high monthly costs, with its Platinum account costing £22.50 a month in account maintenance fees.
  • International transfers are also pricey. If you anticipate sending money abroad from your Lloyds account, you may incur a transfer fee.

Customer service information for Lloyds

Email support
Telephone support
In-app or live chat
Contact form
Branch support

Our verdict: Is Lloyds a good bank?

Lloyds Bank offers a great reward system with its current accounts. If you want to earn rewards for spending, these accounts could suit you well. If Lloyds’s current accounts aren’t for you, compare other current accounts in our full comparison guide.

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 is provided by Defaqto. In other cases, Finder has sourced data directly from providers.

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Valentina Cipriani's headshot
Writer

Valentina Cipriani was a writer at Finder UK. She wrote news, features and guides about banking and credit cards, helping people to improve their financial lives. She holds an MA in International Journalism. See full bio

Jason Loewenthal's headshot
Co-written by

Senior writer

Jason is a writer and editor. He worked as a senior subeditor for Finder for 5 years and in that time became familiar with a wide range of financial products and services. Before that, he worked for Australian Associated Press. He has a BA from Macquarie University in Australia. Jason loves to help other people find new ways to save money. See full bio

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