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

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

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.

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

Apply by phone

0845 3 000 000

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%).

Tax free rate

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

Ways to apply

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