Fixed Term Deposit

Lock away money from overnight to 3 years and get a fixed interest rate on your savings.

  • Choose a term that suits you from overnight to 3 years
  • Interest rates from 0.01% AER/Gross (fixed) to 0.05% AER/Gross (fixed)
  • Deposit from £10,000 up to £5 million
  • No withdrawals or additional funds allowed during the fixed term
  • Choose your maturity options online
Apply now

Notice Accounts

Grow your savings with terms to suit your business needs.

  • No fixed term, just provide us with notice when you want to withdraw your funds
  • Interest rates from 0.03% AER/Gross (variable) to 0.05% AER/Gross (variable)
  • Save from £10,000 up to £5 million
  • Unlimited withdrawals (minimum £10,000) and pay in additional funds (minimum balance of £10,000)
  • Manage your account online
Apply now

Instant Access Account

Save without limiting your cash flow.

  • Instant access to your savings
  • Interest rate of 0.01% AER/Gross (fixed)
  • Save from £1 up to £5 million
  • Unlimited withdrawals and pay in additional funds
  • Manage your account online
Apply now

Eligibility

To apply for our savings products, you should:

  • Be a sole trader, or a partner or director of the business
  • Be over the age of 18
  • Require the account for business use
  • Have a turnover of above £3 million for 95 day notice account.

What you'll need to open an account

To apply for our savings products, you’ll need to provide:

  • Your business contact details
  • The type of savings account you want to apply for
  • The term of the account (if applicable)
  • The amount you want to deposit.
  • Fixed Term Deposit

    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 19/03/2021 and expire on 06/05/2021 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 AER/Gross

    Account

    Fixed Term Deposit

    Term length

    3 months

    Indicative interest rate AER/Gross

    0.01% (fixed)

    Account

    Fixed Term Deposit

    Term length

    6 months

    Indicative interest rate AER/Gross

    0.02% (fixed)

    Account

    Fixed Term Deposit

    Term length

    9 months

    Indicative interest rate AER/Gross

    0.03% (fixed)

    Account

    Fixed Term Deposit

    Term length

    12 months

    Indicative interest rate AER/Gross

    0.05% (fixed)

    Account

    Term deposit with fixed maturity date

    Term length

    Maturity date 24/09/2021

    Indicative interest rate AER/Gross

    0.02% (fixed)

    Account

    Term deposit with fixed maturity date

    Term length

    Maturity date 07/04/2022

    Indicative interest rate AER/Gross

    0.05% (fixed)

    Account

    Fixed Term Deposit

    Term length

    Bespoke – from overnight to 3 years

    Indicative interest rate AER/Gross

    Call us on 0345 305 5555

    Notice Accounts

    Interest rates stated below are available as at 19/03/2021 and expire on 06/05/2021 but may be subject to change. Should you need to discuss rates for alternative dates or terms, please call us on 0345 305 5555.

    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.

    Account

    Term Length

    Indicative interest rate AER/Gross

    Interest payment

    Account

    32 Day Notice Account

    Term Length

    No set term

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

    Indicative interest rate AER/Gross

    0.03%

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

    Interest payment

    Calculated and paid daily

    Account

    95 Day Notice Account

    Term Length

    No set term

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

    Indicative interest rate AER/Gross

    0.05%

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

    Interest payment

    Calculated and paid daily

    Instant Access Savings

    For clients with an annual business turnover of £3-25 million

    Instant Access Account interest rates (PDF, 359 KB)

    Definitions

    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.

  • Fixed Term Deposit

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

    Fixed Term Deposit product information factsheet (PDF, 315 KB))

    Notice Accounts

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

    32 Day notice account product information factsheet (PDF, 374 KB)

    95 Day notice account product information factsheet (PDF, 374 KB)

    Instant Access Savings

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

    Instant Access Account interest rates (PDF, 359 KB)

Important legal information

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.                        

Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN.  Registered in England and Wales no. 2065.  Telephone: 0207 626 1500.

Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Registration Number 119278.

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.