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LLOYDS BANK SAVINGS ACCOUNTSEasy Saver

Open an account today with as little as £1.

Features and benefits

  • Earn 0.25% grossCloseGrossGross rate means we will not deduct tax from the interest we pay on money in your account. It’s your responsibility to pay any tax you may owe to HM Revenue and Customs (HMRC)./AER variableCloseAERAER 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. on balances of £1 or more for 12 months from account opening.
  • Open your account today and start saving with as little as £1. Enjoy instant access with an optional Cashpoint® card.
  • Instant access to your account online, with instant transfers between your Easy Saver account and Lloyds Bank current accounts.
  • Pay in money as often as you like. You can pay in one lump sum, or any number of smaller payments. Set up standing order payments into your account to help your savings grow.
  • You can have multiple Easy Saver accounts at the same time, including joint savings accounts.
  • Interest on the Easy Saver is paid annually.

Keep in mind

Balance Annual interest
AERCloseAERAER stands for Annual Equivalent Rate. It illustrates what your interest rate would be if interest was paid and compounded each year and allows you to easily compare different savings accounts. / GrossCloseGrossGross rate means we will not deduct tax from the interest we pay on money in your account. It’s your responsibility to pay any tax you may owe to HM Revenue and Customs (HMRC).CloseNetNet rate is the rate of interest the account pays after basic rate tax has been deducted. If you are unlikely to pay tax on your savings income you can request your interest to be paid gross by completing an HMRC R85 form. As the rate of tax may vary, the net rate is given for illustration only and is rounded to two decimal places.
£1+ 0.25%

These interest rates are correct as at 01/09/2016. Interest rates are variable. See previous interest rates.

Accounts opened will receive the rates above for 12 months from the date of account opening. After 12 months the account will automatically change to a Standard Saver. See Standard Saver interest rates.

Post 6th April 2016 your interest will be paid Gross, this means that we will not deduct tax automatically from your interest. Depending on your personal circumstances, you may need to pay tax on the interest you earn and it will be your responsibility to pay any tax you may owe to HM Revenue and Customs (HMRC).

There are many things you can do to make the most of your Easy Saver account:

Register for Save the Change®

Register for Save the Change and make saving easy. When you buy something with your Lloyds Bank Visa debit card (and your account is in credit), the amount can be rounded up to the nearest pound, and the difference transferred to your Easy Saver account, or any other Lloyds Bank savings account.

Find out more about Save the Change

Set up a standing order

Saving regularly from your current account is the easy way to grow your savings.

Transfer money from a non-Lloyds Bank account

Simply complete a savings transfer form(PDF, 175 kB) Opens in a new browser window and take it to your local branch.

Find a branch near you

Tailor your account

You can change the name of your Easy Saver account to suit you, such as 'holiday', 'rainy day' or simply 'savings'. (The name you choose will only appear in Internet Banking and not on your statements).

You can search your statements instantly and cut down on paperwork when you turn off paper statements.

Joint savings accounts

Adding a second party to your savings account is a convenient way to budget for holidays and special purchases together.

Find out more about joint savings accounts

Account name Easy Saver
Interest rates (AERs)

Variable interest paid annually.

Easy Saver interest rates

Tax status

We will pay your interest gross, which means that we will not deduct tax automatically from your interest. You are responsible for paying any tax due to HM Revenue and Customs (HMRC). Find out more about how we pay your interest.

Conditions for bonus payments Not applicable.
Withdrawal arrangements

No notice period.

Instant access with no loss of interest.

Access to your account Online, by phone, in branch, and optional Cashpoint® card.

Online

If you have a Lloyds Bank current account, you can open an Easy Saver or a joint Easy Saver through Internet Banking.

Log on and applyfor an Easy Saver

Apply for a joint Easy Saver

Register for Internet Banking

By phone

Whether you’re a new or existing customer, call us on

0345 730 1400Call telephone number 0345 730 1400

Lines are open 7am–10pm Mon–Fri, 8am–6pm Sat–Sun

In branch

Open an account with as little as £1 at your local branch.

Find your nearest branch

Apply for an Easy Saver account

To set up an account online you’ll need to be 16 or over and resident in the UK.

Apply to open an Easy Saver online in about five minutes and with as little as £1Apply now

Not the right savings account for you?

With so much choice, take a look at our range of other savings accounts to see which might suit you best.

See all savings accounts

Important legal information

Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278. Authorisation can be checked on the Financial Services Register at www.fca.org.ukVisit the Financial Conduct Authority website. Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). We subscribe to the Lending Code; copies of the Code can be obtained from www.lendingstandardsboard.org.ukVisit the Lending Standards Board website.

Lloyds Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065.