Local Authority interest rates

For all deposit accounts below, there is a minimum opening balance of £10,000 and a maximum balance of £5,000,000 and interest rates apply to deposits in sterling only.

For deposits over £5,000,000, alternative terms or for more information on interest rates in other major currencies, please call us on 0345 305 5555. We are available 8am to 5pm Monday to Friday.

All interest rates quoted below are for Local Authorities only. Other exclusions may apply, please contact your Relationship Team or call 0345 305 5555 should you have any queries.

Deposit Accounts

Term

AER/GROSS* p.a Interest Rate

Interest Payment

Deposit Accounts

32 Day Notice Call Account**

Term

No set term 32 days’ notice required to make withdrawals or close the account

AER/GROSS* p.a Interest Rate

Bank of England Bank Rate (BOE) 0.10% (variable) minus 0.07% (fixed)

Current all in Rate 0.03%

Interest Payment

Calculated and paid daily

Deposit Accounts

95 Day Notice Call Account**

Term

No set term 95 days’ notice required to make withdrawals or close the account

AER/GROSS* p.a Interest Rate

Bank of England Bank Rate (BOE) 0.10% (variable) minus 0.05% (fixed)

Current all in Rate 0.05%

Interest Payment

Calculated and paid daily

Deposit Accounts

175 Day Notice Call Account**

Term

No set term 175 days’ notice required to make withdrawals or close the account

AER/GROSS* p.a Interest Rate

Bank of England Bank Rate (BOE) 0.10% (variable) minus 0.04% (fixed)

Current all in Rate 0.06%

Interest Payment

Calculated and paid daily

Deposit Accounts

Call Account

Term

No set term

AER/GROSS* p.a Interest Rate

Bank of England Bank Rate 0.10% (variable) minus 0.09% (fixed)

Current all in Rate 0.01%

Interest Payment

Calculated and paid daily

Deposit Accounts

Monthly Bonus Account

Term

No set term

AER/GROSS* p.a Interest Rate

Bank of England Bank Rate 0.10% (variable) minus 0.09% (fixed)

Current all in Rate 0.01% plus potential Bonus Rate of 0.01%

Interest Payment

Calculated and paid daily

Deposit Accounts

3 Month Fixed Term Deposit (FTD)

Term

3 months

AER/GROSS* p.a Interest Rate

0.01% (fixed)

Interest Payment

At maturity

Deposit Accounts

6 Month Fixed Term Deposit (FTD)

Term

6 months

AER/GROSS* p.a Interest Rate

0.02% (fixed)

Interest Payment

At maturity

Deposit Accounts

9 Month Fixed Term Deposit (FTD)

Term

9 months

AER/GROSS* p.a Interest Rate

0.03% (fixed)

Interest Payment

At maturity

Deposit Accounts

12 Month Fixed Term Deposit (FTD)

Term

12 months

AER/GROSS* p.a Interest Rate

0.05% (fixed)

Interest Payment

At maturity

Deposit Accounts

Term Deposit with fixed maturity date

Term

Maturity date 07/04/2022

AER/GROSS* p.a Interest Rate

0.02% (fixed)

Interest Payment

At maturity

Deposit Accounts

Term Deposit with fixed maturity date

Term

Maturity date 30/09/2022

AER/GROSS* p.a Interest Rate

0.05% (fixed)

Interest Payment

At maturity

*AER - The 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.

*Gross Rate - Gross 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.

**Product is linked to the current Bank of England Bank Rate. If you make a Withdrawal from your Notice Account,the Interest Rate applied to the funds to be withdrawn will be the Reversion Rate. The Reversion Rate will apply forthe duration of the notice period, from the date we receive your Withdrawal Instruction. Interest on the funds tobe withdrawn will be paid at the end of the notice period.

*** Rates stated are available as at 24/09/2021 and expire on 04/11/2021. Lloyds Banking Group maintains the right to withdraw rates at our discretion during the offer period.

Interest accrued on our Term Deposits are paid on maturity, unless the Term Deposit has a term of more than oneyear, in which case, accrued interest is paid annually and any remaining interest is paid at maturity.

Terms and conditions apply; please contact us for further information.