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School Banking Account rates

This tailored account is designed to help you manage funds efficiently and earn more from your savings. To help you decide whether it’s right for your school, view the current interest rates in the tables below.

Current rates

  AER % Gross %
£1+ 0.05  0.05

These interest rates are correct as of 24/10/2016.
Interest rates may vary from time to time.

Previous rates

  AER % Gross %
£1+ 0.10  0.10

These interest rates are correct as of 14/04/2009.
Interest rates may vary from time to time.

Our schools accounts will help you make the most of your resources – from simplifying daily tasks with Internet Banking to flexible or fixed-term deposits. It’s part of our wider commitment to supporting Britain’s education sector.

Working with your education management team, you can tailor the account to your school’s specific needs.

Find out more about our School Bank Account

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School Banking Account

Our experience of the education sector's banking requirements means we are able to offer a comprehensive service based on the issues we know are important to you.

Find out moreabout our School Accounts

*Cash withdrawals: 2.5% handling fee (min £2.50). Non-Sterling transaction fees: 2.95%.

AER – The AER stands for Annual Equivalent Rate and is the notional rate which illustrates the gross or tax free 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 - means that we will not deduct tax automatically from your interest. You are responsible for paying any tax due to HM Revenue and Customs.


Important legal information

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.

Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.

Lloyds Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Telephone: 020 7626 1500.

Calls may be monitored and recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.