Business Savings | Deposits | Lloyds Bank

Compare our business savings accounts

Fixed Term Deposit

2.02% - 4.37% AER¹

Lock away your money for a fixed term

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  • 2.00% - 4.37% Gross p.a.²

  • Choose a term that suits you from 3 months to 2 years

  • Deposit a minimum of £10,000 and up to £5 million

  • Fixed rate of interest for the length of your term

View product details View details about Fixed Term Deposits

Notice Accounts

2.53% - 4.08% AER¹

Notice must be given to withdraw money

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  • 2.50% - 4.00% Gross p.a.²

  • Select from 32 or 95 day notice to withdraw money

  • Deposit a minimum of £10,000 and up to £5 million

  • Variable rate of interest, set by Lloyds Bank

View product details View details about Notice Accounts

Instant Access Account

1.31% - 1.92% AER¹

No fixed term or notice needed

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  • 1.30% - 1.90% Gross p.a.²

  • Instant access to your money any time you need it

  • Open an account with as little as £1

  • Variable rate of interest, set by Lloyds Bank

View product details View details about Instant Access Accounts

Interest rates stated above for fixed term deposits and notice accounts are available as at 22/03/2024 and expire on 09/05/2024 and may be subject to change.

1 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’ll be able to compare more easily what return you can expect from your savings over time.

2 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.

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Protecting your money. FSCS protected.

Protecting your deposits

The Financial Services Compensation Scheme (FSCS) will protect your deposits up to the value of £85,000, subject to eligibility criteria.

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Supporting UK Businesses

See how we’re supporting UK businesses in our latest Credential report.

  • Interest Rates

    Fixed Term Deposits

    These interest rates apply to Sterling deposits only with a minimum balance of £10,000 and maximum balance of £5m. Interest is calculated by reference to the Interest Rate which is fixed for the term until the Maturity Date using the Day Basis. Interest is paid at the end of the agreed term.

    Account

    Term length

    Indicative interest rate
    Gross p.a.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. Whilst the Gross rate quoted is the annual rate of interest, please note that the duration of your deposit will affect the amount of interest that you are paid.

    Indicative interest rate AERThe 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.

    Account

    Fixed Term Deposit

    Term length

    3 months

    Indicative interest rateGross p.a.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. Whilst the Gross rate quoted is the annual rate of interest, please note that the duration of your deposit will affect the amount of interest that you are paid.

    2.00%

    Indicative interest rate AERThe 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.

    2.02%

    Account

    Fixed Term Deposit

    Term length

    6 months

    Indicative interest rateGross p.a.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. Whilst the Gross rate quoted is the annual rate of interest, please note that the duration of your deposit will affect the amount of interest that you are paid.

    3.50%

    Indicative interest rate AERThe 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.

    3.53%

    Account

    Fixed Term Deposit

    Term length

    9 months

    Indicative interest rateGross p.a.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. Whilst the Gross rate quoted is the annual rate of interest, please note that the duration of your deposit will affect the amount of interest that you are paid.

    3.55%

    Indicative interest rate AERThe 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.

    3.57%

    Account

    Fixed Term Deposit

    Term length

    12 months

    Indicative interest rateGross p.a.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. Whilst the Gross rate quoted is the annual rate of interest, please note that the duration of your deposit will affect the amount of interest that you are paid.

    3.60%

    Indicative interest rate AERThe 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.

    3.60%

    Account

    Term deposit with fixed maturity date

    Term length

    Maturity date 09/10/2024

    Indicative interest rateGross p.a.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. Whilst the Gross rate quoted is the annual rate of interest, please note that the duration of your deposit will affect the amount of interest that you are paid.

    3.50%

    Indicative interest rate AERThe 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.

    3.53%

    Account

    Term deposit with fixed maturity date

    Term length

    Maturity date 29/07/2025

    Indicative interest rateGross p.a.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. Whilst the Gross rate quoted is the annual rate of interest, please note that the duration of your deposit will affect the amount of interest that you are paid.

    4.37%

    Indicative interest rate AERThe 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.

    4.37%

    Interest rates stated above are available as at 22/03/2024 and expire on 09/05/2024 but may be subject to change.

    We 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 600 6391. We are available 8am to 5pm Monday to Friday.

    Notice Accounts

    These interest rates apply to Sterling deposits only with a minimum balance of £10,000 and maximum balance of £5m.  Interest is calculated and paid to your account daily (unless otherwise agreed).  The interest rate is set and managed by Lloyds Bank. 

    Account

    Term length

    Indicative interest rate GROSS p.a.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. Whilst the Gross rate quoted is the annual rate of interest, please note that the duration of your deposit will affect the amount of interest that you are paid.

    Indicative interest rate AERThe 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.

    Account

    32 Day Notice Account

    Term length

    No set term

     

    32 days’ notice required to make withdrawal or close the account

    Indicative interest rate GROSS p.a.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. Whilst the Gross rate quoted is the annual rate of interest, please note that the duration of your deposit will affect the amount of interest that you are paid.

    Managed Rate 2.50% (variable)

    Indicative interest rate AERThe 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.

    Managed Rate 2.53% (variable)

    Account

    95 Day Notice Account

    Term length

    No set term

     

    95 days’ notice required to make a withdrawal or close the account

    Indicative interest rate GROSS p.a.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. Whilst the Gross rate quoted is the annual rate of interest, please note that the duration of your deposit will affect the amount of interest that you are paid.

    Managed Rate 4.00% (variable)

    Indicative interest rate AERThe 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.

    Managed Rate 4.08% (variable)

    Interest rates stated above are available as at 22/03/2024 and expire on 09/05/2024 but may be subject to change.

    Instant Access Savings

    The interest rates shown in the table are variable. 

    Business instant access account

    Interest paid monthly

    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 (%)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.

    Interest paid monthly

    £10,000,000+

    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.

    1.92%

    Gross (%)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.

    1.90%

    Interest paid monthly

    £1,000,000+

    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.

    1.85%

    Gross (%)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.

    1.83%

    Interest paid monthly

    £250,000+

    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.

    1.31%

    Gross (%)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.

    1.30%

    Interest paid monthly

    £100,000+

    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.

    1.31%

    Gross (%)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.

    1.30%

    Interest paid monthly

    £50,000+

    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.

    1.31%

    Gross (%)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.

    1.30%

    Interest paid monthly

    £1+

    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.

    1.31%

    Gross (%)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.

    1.30%

    These interest rates are correct as at 26 September 2023. Interest is calculated daily and paid monthly.