Current Account rates

See all current account rates

If you can’t see your product in the list below it may be because it is no longer available, click here to see a list of our non marketed product rates.

The following tables change from time to time. The date of the last change is detailed beneath each table.

Interest rates for Under 19s Account is correct as at 23/11/2009.

Interest rates are variable.

Interest rates apply to your whole balance. For example, if you have £4,000 in your account you will receive an interest rate of 3.00% AER on your entire balance.

For more information about previous Current Account rates please click here.

Club Lloyds current account


Interest Paid Monthly
Balance
AER%
Gross%
Net%
£1 up to £1,999.99
1.00%
1.00%
0.80%
£2,000 up to £3,999.99
2.00%
1.98%
1.59%
£4,000 up to £5,000
4.00%
3.93%
3.14%

These interest rates are correct as at 30/03/2014.

Club Lloyds Gold


Interest Paid Monthly
Balance
AER%
Gross%
Net%
£1 up to £1,999.99
1.00%
1.00%
0.80%
£2,000 up to £3,999.99
2.00%
1.98%
1.59%
£4,000 up to £5,000
4.00%
3.93%
3.14%

These interest rates are correct as at 30/03/2014.

Club Lloyds Platinum


Interest Paid Monthly
Balance
AER%
Gross%
Net%
£1 up to £1,999.99
1.00%
1.00%
0.80%
£2,000 up to £3,999.99
2.00%
1.98%
1.59%
£4,000 up to £5,000
4.00%
3.93%
3.14%

These interest rates are correct as at 30/03/2014.

Club Lloyds Premier


Interest Paid Monthly
Balance
AER%
Gross%
Net%
£1 up to £1,999.99
1.00%
1.00%
0.80%
£2,000 up to £3,999.99
2.00%
1.98%
1.59%
£4,000 up to £5,000
4.00%
3.93%
3.14%

These interest rates are correct as at 30/03/2014.

Club Lloyds Silver


Interest Paid Monthly
Balance
AER%
Gross%
Net%
£1 up to £1,999.99
1.00%
1.00%
0.80%
£2,000 up to £3,999.99
2.00%
1.98%
1.59%
£4,000 up to £5,000
4.00%
3.93%
3.14%

These interest rates are correct as at 30/03/2014.

Club Lloyds interest rates are variable and interest is paid monthly. To qualify for credit interest you need to pay two different direct debits from your current account each calendar month. If there is a calendar month where you don’t have 2 different direct debits paid from your account we will not pay interest on the money in your account for that month. We don’t pay interest on balances over £5,000.Interest rates apply to you whole balance . For example if you have £4,000 in your account for 365 days you’ll receive an interest rate of 4% AER/3.93%Gross variable on your entire balance as long as you pay  two different direct debits from your account each calendar month.

Under 19s account

Balance Interest Paid Quarterly
AER % Gross % Net %
£1 - £2,500 2.50
2.47
1.98
£2,501+ 0.1
0.1
0.08

These interest rates are correct as at 23/11/2009.

Personal Overdrafts - Planned and Unplanned Overdrafts

AccountInterest Paid Monthly
% Per Month % EAR
Premier Current Account 1.20 15.43
Platinum Current Account 1.34 17.28
Gold Service Current Account 1.53 19.94
Silver Current Account 1.53 19.94
Classic Account 1.53 19.94

These interest rates are correct as at 12/11/2013.

Interest rates are variable.

Account Interest paid monthly
% Per Month % EAR
Club Lloyds Current Account 1.53 19.94
Club Lloyds Silver Current Account 1.53 19.94
Club Lloyds Gold Current Account 1.53 19.94
Club Lloyds Platinum Current Account 1.34 17.28
Club Lloyds Premier Current Account 1.20 15.43

These interest rates are correct as at 22/04/2014.

Interest rates are variable.

Student Account and Early Student Account – Planned and Unplanned Overdrafts

Student Account % Per Month % EAR
Year 1: £1,500+ 0.66
8.21
£0 - £1,500 0.00
0.00
Year 2: £1,500+ 0.66
8.21
£0 - £1,500+ 0.00
0.00
Year 3: £1,500+ 0.66
8.21
£0 - £1,500 0.00
0.00
Year 4, 5 & 6: £2,000+ 0.66
8.21
£0 - £2000 0.00
0.00

These interest rates are correct as at 12/11/2013.

These interest rates are variable.

Early Student Account

Early Student Account % Per Month % EAR
£200+ 0.66
8.21
£0 - £200 0.00
0.00

These interest rates are correct as at 12/11/2013.

These interest rates are variable.

Graduate Account – Planned and Unplanned Overdrafts

Graduate Account % Per Month % EAR
Year 1: £2,000+ 1.30
16.77
£0 - £2,000 0.00
0.00
Year 2: £1,500+ 1.30 16.77
£0 - £1,500+ 0.00
0.00
Year 3: £1,000+ 1.30
16.77
£0 - £1,000 0.00
0.00

These interest rates are correct as at 12/11/2013.

These interest rates are variable.

Graduate Account – Planned and Unplanned Overdrafts

Graduate Account % Per Month % EAR
Year 1: £2,000+ 1.30
16.8
£0 - £2,000 0.00 0.00
Year 2: £1,500+ 1.30
16.8
£0 - £1,500+ 0.00 0.00
Year 3: £1,000+ 1.30
16.8
£0 - £1,000 0.00 0.00

These interest rates were correct from 01/08/2007 to 02/11/2007.

Student Account and Early Student Account – Planned and Unplanned Overdrafts

Student Account % Per Month % EAR
Year 1: £1,500+ 0.66
8.2
£0 - £1,500 0.00 0.00
Year 2: £1,500+ 0.66
8.2
£0 - £1,500+ 0.00 0.00
Year 3: £1,500+ 0.66
8.2
£0 - £1,500 0.00 0.00
Year 4, 5 & 6: £2,000+ 0.66
8.2
£0 - £2000 0.00 0.00

These interest rates were correct from 01/08/2007 to 02/11/2007.

Early Student Account

Early Student Account % Per Month % EAR
£200+ 0.66
8.2
£0 - £200 0.00 0.0

These interest rates were correct from 16/03/2009 to 22/06/2011.

Personal Overdrafts - Planned and Unplanned Overdrafts

Account Interest Paid Monthly
% Per Month % EAR
Premier Current Account 0.98
12.43
Platinum Current Account 1.12
14.28
Gold Service Current Account 1.34
17.32
Silver Current Account 1.45
18.86
Classic Account, Current Account 1.48
19.28

These interest rates were correct from 17/06/2012 to 02/10/2012.

The EAR does not take into account any additional charges (e.g. arrangement fees/securities charges/monthly fees) which may be applicable.

Glossary

AER

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advert for a savings product will contain an AER you can compare more easily what return you can expect from your savings over time.

APR (annual percentage rate)

The APR (annual percentage rate) gives you a single figure that includes the actual interest rate over the life of the loan as well as all the normal costs (such as administration fees or annual charges). It doesn't include additional charges such as fees for early or late repayment.

EAR

EAR is the Equivalent Annual Rate. This is the actual annual rate of an overdraft. It doesn't take into account other fees and charges. Interest is normally paid at the net rate unless the Account falls within an exempt category or the Account holder qualifies to receive interest gross. Interest rates may vary from time to time. All rates are per annum except where stated.

GROSS RATE

The contractual rate of interest payable before deduction of income tax at the rate specified by law.

NET RATE

The rate of interest which would be payable after allowing for the deduction of income tax at the rate specified by law.

Representative rates

The representative APR is the rate you will see in advertisements. This is the APR that the lender applies to most successful loan applicants, but isn't necessarily the rate you'll be offered. Lenders have to offer the representative APR rate to at least 51% of borrowers of any particular offer. Depending on your credit history, you may be quoted a lower rate or a higher one.

Total amount repayable

This is the total amount of money you have to repay over the entire life of the loan - the amount you borrowed plus all interest charges and fees.