Joint Savings Account

At a glance

  • Reach your shared savings goals faster
  • You can both manage your account in a branch or through Internet Banking or PhoneBank®
  • Get a Cashpoint® card for each of you if one comes with the account
  • Existing customers can apply for an eligible Savings account online by logging into Internet Banking

It's quick and easy to set up a joint account online. You can do so in as little as 7 working days. Here's how the process works:

1 2 3 4      
Open a new Savings Account in one of your names and select the make it Joint option  Invite the other person  to join the account  straight after you or  separately by e-mail.
 Once the other person has  completed the application:  we'll send you an activation  code in the post.  Once you've entered the  activation code we will add the  other person to the account  and confirm by e-mail.
 



Joint savings accounts: how they work

  • Couple with wedding cakeA joint account is an account in the name of two or more people
  • You can open an account in two people’s names or convert your existing account into a joint account by adding another person to it
  • Both of you can manage the account independently in a branch or through Internet Banking and Phonebank®
  • Each of you will get a Cashpoint® card if one comes with the account
  • You can grow your savings even faster by registering for Save the Change™
  • Both of you can set up standing orders
  • You might not be able to open a joint account for all savings products, such as cash ISAs
  • Either of you can close the account in a branch. However, if we become aware of a dispute between you we may prevent either of you giving instructions or using the account individually until it’s resolved

Joint savings accounts available online


Minimum deposit

Withdrawals

Interest paid 

Access
Club Lloyds Saver £1 Instant Yearly or monthly Internet banking
Phonebank®
Branch 



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Club Lloyds Monthly Saver £25-£400 a month Instant Yearly Internet Banking
Phonebank®
Branch 

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eSavings £1 Instant  Yearly Internet Banking
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Monthly Saver £25-£250 a month Instant  Yearly Internet Banking
Phonebank®
Branch 

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Easy Saver £1 instant  Yearly Internet Banking
Phonebank®
Branch 

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Add another person to your existing savings account(s)

Log onto Internet Banking to apply for a joint savings account.

The person you open the Joint Savings account with or add to your existing savings account must be:

  • over 16,
  • have a Lloyds Bank current account, unless you have a Online Step Bond or Easy Saver then they don’t need to have a Lloyds Bank current account.

Existing customers:

You can apply now with Internet Banking if you have one of the following savings accounts.

  • Club Lloyds Saver
  • Club Lloyds Monthly Saver
  • eSavings
  • Monthly Saver
  • Easy Saver

Apply by phone

0845 3 000 000

Apply in branch

Download and complete a joint savings account form and take it into your nearest branch. Booking an appointment is recommended as the process will take around 20-30 minutes.

  • Both you and the person you wish to add to your account need to visit the branch together.
  • Please bring proof of identification.

Find a branch

You can open an account online and add someone else later. See savings accounts.

Glossary

AER

AER 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.

Net rate

Net rate is the rate of interest payable after allowing for the deduction of income tax at the rate specified by law (currently 20%).

Gross rate

Gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law (currently 20%).

Interest will only be paid gross on tax-free accounts or if you are registered with us as a non taxpayer. You will need to register each account you hold separately which you can do by visiting your nearest branch or by ringing us on 0845 3000 000 or 01733 347007.

Tax free rate

Tax-free is the contractual rate of interest payable where interest is exempt from income tax.

Ways to apply

Open a new savings account

Choose from one of our eligible savings account to change to a Joint savings account.

    Existing customers

    You can apply now with Internet Banking if you have an eligible savings account

      In branch

      Download a joint savings account form and take it into your nearest branch. Booking an appointment is recommended as the process will take around 20-30 minutes.

      • Both you and the person you wish to add to your account need to visit the branch together.
      • Please bring proof of identification.

      Find your nearest Lloyds Bank

        By phone

        0845 3 000 000

          Why not try...

          ...tax-free saving? With a cash ISA you won’t pay any tax on the interest your savings earn.

          See our ISAsFind out more about our ISAs

          Find the right account

          We have a wide range of savings accounts to help you reach your goals.

           

           

          Compare savings accountsCompare savings accounts