Fixed Term Deposit

Features

  • Any term, from overnight to three years.
  • If you have access to Online for Business, you can view and manage your deposit online. Please follow the link to our Interactive Demo for more information.
  • Create a bespoke savings strategy by using our Savings Strategy Tool.

Keep in mind

  • No withdrawals permitted until maturity date.
  • No additional funds can be paid in during the term of the deposit.
  • Please read the Terms & Conditions.

Interest Rates

These interest rates apply to Sterling deposits only with a minimum balance of £10,000 and maximum balance of £5m.

For deposits over £5m or for more information about interest rates in other major currencies, please call us on 0345 305 5555. We are available 8am to 5pm Monday to Friday.

Interest rates stated below are available as at 19/06/2020 and expire on 06/08/2020 but may be subject to change. Should you need to discuss rates for alternative dates or terms, please call us on 0345 305 5555.

Account

Term length

Indicative interest rate AERAERThe AER stands for Annual Equivalent Rate and is the notional rate which illustrates the gross rate as if paid and compounded on an annual basis. As every advert for a savings product will contain an AER you will be able to compare more easily what return you can expect from your savings over time./GrossGrossGross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HM Revenue and Customs.

Account

Fixed Term Deposit

Term length

3 months

Indicative interest rate AERAERThe AER stands for Annual Equivalent Rate and is the notional rate which illustrates the gross rate as if paid and compounded on an annual basis. As every advert for a savings product will contain an AER you will be able to compare more easily what return you can expect from your savings over time./GrossGrossGross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HM Revenue and Customs.

0.10% (fixed)

Account

Fixed Term Deposit

Term length

6 months

Indicative interest rate AERAERThe AER stands for Annual Equivalent Rate and is the notional rate which illustrates the gross rate as if paid and compounded on an annual basis. As every advert for a savings product will contain an AER you will be able to compare more easily what return you can expect from your savings over time./GrossGrossGross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HM Revenue and Customs.

0.15% (fixed)

Account

Fixed Term Deposit

Term length

9 months

Indicative interest rate AERAERThe AER stands for Annual Equivalent Rate and is the notional rate which illustrates the gross rate as if paid and compounded on an annual basis. As every advert for a savings product will contain an AER you will be able to compare more easily what return you can expect from your savings over time./GrossGrossGross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HM Revenue and Customs.

0.20% (fixed)

Account

Fixed Term Deposit

Term length

12 months

Indicative interest rate AERAERThe AER stands for Annual Equivalent Rate and is the notional rate which illustrates the gross rate as if paid and compounded on an annual basis. As every advert for a savings product will contain an AER you will be able to compare more easily what return you can expect from your savings over time./GrossGrossGross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HM Revenue and Customs.

0.30% (fixed)

Account

Term deposit with fixed maturity date

Term length

Maturity date 10/12/2020

Indicative interest rate AERAERThe AER stands for Annual Equivalent Rate and is the notional rate which illustrates the gross rate as if paid and compounded on an annual basis. As every advert for a savings product will contain an AER you will be able to compare more easily what return you can expect from your savings over time./GrossGrossGross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HM Revenue and Customs.

0.15% (fixed)

Account

Term deposit with fixed maturity date

Term length

Maturity date 06/07/2021

Indicative interest rate AERAERThe AER stands for Annual Equivalent Rate and is the notional rate which illustrates the gross rate as if paid and compounded on an annual basis. As every advert for a savings product will contain an AER you will be able to compare more easily what return you can expect from your savings over time./GrossGrossGross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HM Revenue and Customs.

0.30% (fixed)

Account

Fixed Term Deposit

Term length

Bespoke – From overnight to 3 years

Indicative interest rate AERAERThe AER stands for Annual Equivalent Rate and is the notional rate which illustrates the gross rate as if paid and compounded on an annual basis. As every advert for a savings product will contain an AER you will be able to compare more easily what return you can expect from your savings over time./GrossGrossGross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HM Revenue and Customs.

Call us on 0345 305 55551

1We only offer standard terms online for Fixed Term Deposit products. If you would like to apply for bespoke term lengths or you need to select specific start and end dates for your deposit, call us on 0345 305 5555. We are available 8am to 5pm Monday to Friday.

Apply for a Fixed Term Deposit

Internet Banking users

  1. Enter your login details, which will take you to the Online for Business Homepage
  2. Select ‘Savings & Deposits’ in the left hand ‘Our Products and Services’ menu
  3. Select ‘Apply for Term and Notice Deposits’
Log on and apply

Not registered for Internet Banking

You can apply here for a deposit. Once we receive your application, we may need to contact you for more information if you have not previously placed a deposit.

Apply online

Contact us for more information

Call us on 0345 305 5555

Lines are open 8am to 5pm Monday to Friday.

Alternatively, please follow the link to our FAQs or email us at any time.

Financial Services Compensation Scheme

Your money is protected by the FSCS logo

Savings Strategy Tool

Use our Savings Strategy Tool to help you understand which business savings account could suit your needs. Make your money work harder by matching your cash forecasts against Lloyds Bank’s deposit products, helping you create a savings strategy bespoke to your needs.

Get your savings strategy

Important Legal Information

Lloyds Bank is a trading name of Lloyds Bank plc, Bank of Scotland plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no.2065. Bank of Scotland plc. Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland no. SC327000. Lloyds Bank Corporate Markets plc. Registered office 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 10399850. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278, 169628 and 763256 respectively.

The products and services outlined on this site may be offered by legal entities from across Lloyds Banking Group, including Lloyds Bank plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc and Lloyds Bank Corporate Markets plc are separate legal entities within the Lloyds Banking Group.

Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.

Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.