• DEPOSIT PRODUCTS

    A RANGE OF DEPOSIT ACCOUNTS TO MEET YOUR BUSINESS NEEDS.

    Introducing our range of Deposit accounts

    Lloyds Bank Commercial Banking offers a range of deposit accounts which provide our customers with a choice of products to suit their needs – all with flexible features.

    When you have a surplus of corporate money or want an interest return from your cash flow, we have a number of options available.

    • Where you require instant access or a fixed interest rate, we listen to your immediate and strategic aims and build an appropriate deposit solution.
    • To meet your business needs, our deposit accounts can be made to measure, with a choice of options available for the term, currency and interest rate.
    • Our relationship directors take the time to get to know you by working with you to meet your business needs.
    • Try our Savings Strategy Tool. This tool matches your forecast cash balances with Lloyds Bank’s deposit products, helping you create a savings strategy that meets your needs.

    Want to receive our interest rates direct to your inbox on a monthly basis? Email us here with your business name and email address. Please note, some restrictions may apply and we will contact you to confirm.

    Products and services

    Financing

    Risk management

    Cash Management

    Deposit products

    Client accounts

    Local authority interest rates

    Large Corporates

    Financial Institutions

    Mid Markets

    International trade

    Card solutions

    Savings Strategy Tool

    Our tool can make your money work harder by matching your cash forecasts against our deposit products, helping you create a savings strategy bespoke to your needs.

    Get your savings strategy

    Client accounts

    If your business is entrusted with third party deposits, you’ll be looking for banking support that’s secure, flexible and reliable for your firm too.

    Find out more about Client accounts

    Choosing the right product for your business

    Your requirements

    Our products

    How it works

    Next steps

    Your requirements

    A flexible account that gives you access to your funds whenever you need them while providing you with managed rates of credit interest

    Our products

    Corporate Call Account

    How it works

    • Instant access to your funds when you need them
    • Receive credit interest which is calculated on your cleared daily balance
    • You can choose to receive interest at monthly or quarterly intervals

    Next steps

    Your requirements

    Maximise variable interest rate with access to funds, subject to notice

    Our products

    Notice Account

    How it works

    • Receive a variable rate of interest which tracks the Bank of England Bank Rate (BoE) plus a margin
    • Access to funds permitted provided the relevant notice period is given
    • Available with various Notice period options – 32 day, 95 day and 175 day
    • 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 for the duration of the notice period, from the date we receive your Withdrawal Instruction. Interest on the funds to be withdrawn will be paid at the end of the notice period.
    • Also available in EUR and USD

    Next steps

    Your requirements

    Call Account with a monthly bonus if funds are not withdrawn in a calendar month

    Our products

    Monthly Bonus Account

    How it works

    • Accounts only available in Sterling (GBP)
    • Variable rate of interest payable will track the Bank of England Bank Rate (BoE)
    • For any calendar month where you meet the Bonus Payment Trigger, the Bonus Rate of Interest will be applied to the daily balance of your account

    Next steps

    Create a bespoke savings strategy

     

    View Product Factsheet (PDF)

     

    View the current interest rates for this account

     

    Apply now

     

    For help and support, please call us on 0345 305 5555, or contact your Relationship Team.

    Your requirements

    Fixed rate of interest for a fixed term

    Our products

    Fixed Term Deposit

    How it works

    • Receive an enhanced fixed rate of interest for a fixed term from anywhere between overnight to 5 years
    • Also available in EUR and USD
    • No withdrawals or early termination permitted

    Next steps

    Create a bespoke savings strategy

     

    View Product Factsheet (PDF)

     

    View the current rates for this account


    Apply now


    For help and support, please call us on 0345 305 5555, or contact your Relationship Team.

    All applications for our products and services are subject to eligibility criteria. Other deposit solutions may be available. Please contact your Relationship Team or the Treasury Direct team on 0345 305 5555. We are available Monday to Friday 8am to 5pm.

    Current rates

    You can view the current rates applicable to the Corporate Call Account.

    For all other deposit accounts below, there is a minimum opening balance of £10,000 and a maximum balance of £5,000,000 and rates apply to deposits in sterling only. For deposits over £5,000,000, alternative terms or for more information on 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 indicative only and are for Corporate Businesses with a turnover between £25m and £100m p.a. They are not available for Local Authority and wider Government associated entities / Financial Institutions / larger Corporate entities. Please click here for Local Authority interest rates. Other exclusions may apply, please contact your Relationship Team or call 0345 305 5555 should you have any queries.

    Desposit Accounts

    Term

    AER/GROSS* p.a Interest Rate

    Interest Payment

    Desposit 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

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

    Interest Payment

    Calculated and paid daily

    Desposit 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

    0.10% (Bank of England Bank Rate (BoE) 0.10% (variable))

    Interest Payment

    Calculated and paid daily

    Desposit 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

    0.11% (Bank of England Bank Rate (BoE) 0.10% (variable) plus 0.01% (fixed))

    Interest Payment

    Calculated and paid daily

    Desposit Accounts

    Monthly Bonus Account***

    Term

    No set term

    AER/GROSS* p.a Interest Rate

    Bank of England Rate (BoE) 0.10% (variable) minus 0.09% (fixed) plus potential Bonus Rate of 0.01%

    Interest Payment

    Calculated and paid daily

    Desposit Accounts

    3 Month Fixed Term Deposit (FTD)

    Term

    3 months

    AER/GROSS* p.a Interest Rate

    0.01% (fixed)

    Interest Payment

    At maturity

    Desposit Accounts

    6 Month Fixed Term Deposit (FTD)

    Term

    6 months

    AER/GROSS* p.a Interest Rate

    0.03% (fixed)

    Interest Payment

    At maturity

    Desposit Accounts

    9 Month Fixed Term Deposit (FTD)

    Term

    9 months

    AER/GROSS* p.a Interest Rate

    0.06% (fixed)

    Interest Payment

    At maturity

    Desposit Accounts

    12 Month Fixed Term Deposit (FTD)

    Term

    12 months

    AER/GROSS* p.a Interest Rate

    0.10% (fixed)

    Interest Payment

    At maturity

    Desposit Accounts

    GBP Fixed Date (FTD)

    Term

    Maturity date 18/06/2021

    AER/GROSS* p.a Interest Rate

    0.03% (fixed)

    Interest Payment

    At maturity

    Desposit Accounts

    GBP Fixed Date (FTD)

    Term

    Maturity date 17/12/2021

    AER/GROSS* p.a Interest Rate

    0.10% (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 for the duration of the notice period, from the date we receive your Withdrawal Instruction. Interest on the funds to be withdrawn will be paid at the end of the notice period.

    *** Rate assumes no withdrawals are made and is linked to the current Bank of England Bank rate.

    Rates stated are available as at 18/12/2020 and expire on 04/02/2021. 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 one year, 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.

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