Your Fixed Term Deposit is ending soon

 Fixed Term Deposit

Save again and earn interest

Your Fixed Term Deposit is about to end, which means it's maturing. You have several options:

1. Reinvest in a new Fixed Term deposit

Continue growing your savings by reinvesting into a new Fixed Term deposit.

2. Explore other savings options

Grow your savings with the flexibility to suit your business needs. Choose from either a Notice Account or an Instant Access Account.

3. Let the term run out

If you do nothing, we’ll pay your money into your linked account when your Fixed Term Deposit matures.

Put your savings into a new Fixed Term Deposit Account

Earn a fixed rate of interest

The rate is fixed so will stay the same throughout your chosen term.

Rates and charges

Guaranteed returns

You know exactly how much you will earn by the end of the term.

A term to suit you

Choose a term that suits your business needs.

Update your maturity instruction

Online

  1. Log on to Online for Business.
  2. Go to the fixed term deposit which is about to mature.
  3. Select ‘Update maturity instructions’.
Log on and update

By phone

If you want to give your maturity instruction by phone, please call 0345 305 5555.

Lines are open Monday to Friday 8am to 5pm (excluding bank holidays).

Call us on 0345 305 5555
  • Interest Rates

    Fixed Term Deposit Account

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

    AER1

    Gross p.a.2

    Term length

    AER1

    1.81%

    Gross p.a.2

    1.80%

    Term length

    3 months

    AER1

    2.93%

    Gross p.a.2

    2.91%

    Term length

    6 months

    AER1

    2.66%

    Gross p.a.2

    2.65%

    Term length

    9 months

    AER1

    2.65%

    Gross p.a.2

    2.65%

    Term length

    12 months

    AER1

    2.93%

    Gross p.a.2

    2.91%

    Term length

    Fixed until 09/07/2025

    AER1

    2.65%

    Gross p.a.2

    2.65%

    Term length

    Fixed until 13/05/2026

    Interest rates stated above are available as at 20/12/2024 and expire on 06/02/2025 but may be subject to change. Once you open your deposit account, the interest rate is fixed, so will stay the same throughout your chosen term.

    Interest is calculated as follows: Interest rate multiplied by the number of days of the fixed term divided by 365 days then multiplied by the initial deposit amount. For example, a £10,000 deposit for 3 months at a 2.50% interest rate would be calculated as follows: 2.50% x (91/365) x £10,000.

    Interest is paid at the end of the agreed term.

    We only offer standard terms online for Fixed Term Deposit Accounts. 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

    The interest rates shown in the table are variable.

    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. 

    AER1

    GROSS p.a.2

    Notice period

    AER1

    2.33%

    GROSS p.a.2

    2.30% 

    Notice period

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

    AER1

    3.52%

    GROSS p.a.2

    3.46%

    Notice period

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

    Interest rates stated above are available as at 20/12/2024 and expire on 06/02/2025 but may be subject to change.

    Instant Access Account

    The interest rates shown in the table are variable.

    Current interest rates

    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

    £20,000,000+

    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

    £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.

    1.81%

    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.

    1.80%

    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.

    1.64%

    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.

    1.63%

    Interest paid monthly

    £500,000+

    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.

    1.11%

    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.

    1.10%

    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.

    1.00%

    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.

    1.00%

    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.

    1.00%

    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.

    1.00%

    These interest rates are correct as at 3 December 2024. Interest is calculated daily and 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’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.

  • Fixed Term Deposit Accounts

    For customers with an annual turnover of £0-25m

    Fixed Term Deposit product information factsheet (PDF, 148 KB)

    32 Day Notice Account

    For clients with an annual turnover of £0-25m

    32 Day Notice account product information factsheet (PDF, 376 KB)

    95 Day Notice Account

    For clients with an annual turnover of £3m-£25m

    95 Day Notice account product information factsheet (PDF, 384 KB)

    Fixed Term Deposit and Notice Account Terms and Conditions

    Product Terms for Deposit Accounts (PDF, 397 KB)

    Instant Access Account

    Instant Access product information factsheet (PDF, 117KB)

    View our terms and conditions

Other ways to save

Notice Account

Grow your savings with terms that suit your business needs. Give us 32 or 95 days’ notice to withdraw your money.

Explore Notice Accounts

Instant Access Account

Open an account with as little as £1 and access your money at any time with no fixed term.

Explore Instant Access Account