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
Current rates:
*AER%
**Gross%
£1+
*AER%
0.01
**Gross%
0.01
These interest rates are correct as of 06/06/2020.
Interest rates may vary from time to time.Previous rates
Previous rates
*AER%
**Gross%
£1+
*AER%
0.05
**Gross%
0.05
These interest rates are correct as of 24/10/2016.
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.
*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
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.
The products and services outlined on this site may be offered by legal entities from across Lloyds Banking Group, including Lloyds Bank plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc and Lloyds Bank Corporate Markets plc are separate legal entities within the Lloyds Banking Group.
Lloyds Bank is a trading name of Lloyds Bank plc, Bank of Scotland plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no.2065. Bank of Scotland plc. Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland no. SC327000. Lloyds Bank Corporate Markets plc. Registered office 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 10399850. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278, 169628 and 763256 respectively.
We adhere to The Standards of Lending Practice which are monitored and enforced by the LSB: www.lendingstandardsboard.org.uk.
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.