Lloyds Bank

Lloyds Bank savings accounts

Lloyds Bank offers a broad range of savings accounts with interest rates up to 6.25%.

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Lloyds Bank was founded over 250 years ago in Birmingham, England. Today, the Lloyds banking group is part of the “big four” banks in the UK and it has branches across England and Wales.

It offers an array of savings accounts for all types of savers. We look at Lloyds’ different options in detail and explain which account might be best for you.

Easy access savings accounts

Table: sorted by interest rate
Lloyds Bank's best easy access rate of 4% is significantly lower than today's market-best rate of 8%.
Name Product Account type Withdrawals Min. opening balance Interest rate Deposit protection Open via Incentive Apply link
Lloyds Bank – Club Lloyds Advantage Saver
Variable
Instant access
£1
4% AER variable
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Lloyds Bank – Club Lloyds Advantage ISA Saver
Cash ISA
Instant access
£1
4% AER variable
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Lloyds Bank – Club Lloyds Saver
Variable
Instant access
£1
1.7% AER variable (on first £24,999)
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Lloyds Bank – Club Lloyds Saver
Variable
Instant access
£1
1.7% AER variable (on first £24,999)
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Lloyds Bank – Cash ISA Saver
Cash ISA
Instant access
£1
1.7% AER variable (on first £24,999)
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Cash ISAs

Table: sorted by interest rate
Lloyds Bank's best cash ISA rate of 4.95% is slightly lower than today's market-best rate of 5.71%.
Name Product Interest rate Minimum investment Interest paid Withdrawals Deposit protection Open via Incentive Table product description Apply link
Lloyds Bank – 1 Year Fixed Rate Cash ISA
4.95% AER fixed for 1 year
£3,000
Monthly
Instant access (charge applies )
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Lloyds Bank – 1 Year Fixed Rate Cash ISA
4.95% AER fixed for 1 year
£3,000
Anniversary of account opening
Instant access (charge applies )
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Lloyds Bank – 1 Year Fixed Rate Cash ISA
4.6% AER fixed for 1 year
£3,000
Anniversary of account opening
Instant access (charge applies )
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Lloyds Bank – 1 Year Fixed Rate Cash ISA
4.6% AER fixed for 1 year
£3,000
Monthly
Instant access (charge applies )
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Lloyds Bank – 2 Year Fixed Rate Cash ISA
4.6% AER fixed for 2 years
£3,000
Monthly
Instant access (charge applies )
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Fixed-rate bonds

Table: sorted by interest rate
Lloyds Bank's best fixed-rate bond rate of 4.95% is slightly lower than today's market-best rate of 5.8%.
Name Product Interest rate Invest Interest paid Withdrawals Open via Deposit protection Open via Incentive Table product description Apply link
Lloyds Bank – Online Fixed Bond
4.95% AER fixed for 1 year
£2,000 - £1,000,000
Anniversary of account opening
Withdrawals not permitted
Website, mobile app
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Lloyds Bank – Online Fixed Bond
4.6% AER fixed for 2 years
£2,000 - £1,000,000
Anniversary of account opening
Withdrawals not permitted
Website, mobile app
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Lloyds Bank – Online Fixed Bond
4.6% AER fixed for 1 year
£2,000 - £1,000,000
Anniversary of account opening
Withdrawals not permitted
Website, mobile app
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Lloyds Bank – Online Fixed Bond
4.5% AER fixed for 2 years
£2,000 - £1,000,000
Anniversary of account opening
Withdrawals not permitted
Website, mobile app
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Regular savings accounts

Table: sorted by interest rate
Lloyds Bank's best regular savings account rate of 6.25% is lower than today's market-best rate of 8%.
Name Product AER Save Withdrawal notice Interest paid Deposit protection Open via Incentive Apply link
Lloyds Bank – Club Lloyds Monthly Saver
6.25% fixed for 1 year (on first £4,800)
£25 to £400 per month
1 year bond
Anniversary of account opening
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Lloyds Bank – Monthly Saver
5.25% fixed for 1 year (on first £3,000)
£25 to £250 per month
1 year bond
Anniversary of account opening
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Business savings accounts

Table: sorted by interest rate
Lloyds Bank's best business savings account rate of 5.08% is slightly lower than today's market-best rate of 5.7%.
Name Product Interest rate and type Interest paid Invest Term Open via Incentive Table product description Apply link
Lloyds Bank – Term Deposit 14.2.25
5.08% AER fixed
On maturity
£10,000 - £5,000,000
14.02.25
Open via: website, telephone
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Lloyds Bank – Fixed Term Deposit
3.6% AER fixed
On maturity
£10,000 - £5,000,000
1 year
Open via: website, telephone
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Overview of Lloyds Bank savings

Savings account types include Easy access, cash ISAs, fixed-rate bonds, regular savers, business
Best easy access rate 4%
Best cash ISA rate 4.95%
Best fixed-rate bond rate 4.95%
Best regular saver rate 6.25%
Best business savings account rate 5.08%
Fixed bond terms 1 year - 2 years
Opening options Branch, website, mobile app, telephone
FSCS protection

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.

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

Savings ratings

★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor

Our customer satisfaction scores ("Customers say") are based on a survey of 2,224 customers carried out in December 2022.

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.

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