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Instant Access Account
Grow your savings with an account where you can deposit and withdraw flexibly
What is an Instant Access Account?
An Instant Access Account has no fixed term and you can access your money at any time plus there are no charges for doing so. Interest is calculated daily and paid monthly.
Benefits
Summary box
Instant Access Account
What is the interest rate?
It’s a variable rate, as shown in the table below.
Current interest rates
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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. |
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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. 1.81% |
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% |
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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. 1.71% |
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. 1.70% |
|
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. 1.46% |
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. 1.45% |
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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. 1.00% |
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% |
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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. 0.90% |
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. 0.90% |
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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. 0.80% |
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. 0.80% |
These interest rates are correct as at 15 April 2025. Interest is calculated daily and paid monthly.
Interest rates with effect from 05 June 2025
Please note that with effect from 05 June 2025, the rates of credit interest and interest tiers for this product will change to those shown below:
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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. |
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|
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. 1.61% |
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. 1.60% |
|
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. 1.51% |
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. 1.50% |
|
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. 1.26% |
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. 1.25% |
|
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. 0.90% |
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. 0.90% |
|
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. 0.80% |
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. 0.80% |
|
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. 0.70% |
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. 0.70% |
These interest rates will apply from 05 June 2025. Interest is calculated daily and applied monthly.
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Yes. As this account pays a variable rate of interest the rate can change over time. The bank will take into account a number of factors in determining rates at any given time, for example we might review the interest rate if the Bank of England Bank Rate changes. We’ll always let you know of any planned changes to the rate. Our terms and conditions explain when and how we do this.
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Below is an example of what the future balance might be, after interest has been paid. These projections are provided for illustrative purposes only and do not take into account the individual circumstances of the customer.
Future balance based on current interest rates
Initial Deposit
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.
Balance at 12 months
Initial Deposit
£20,000,000
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.
1.80%
Balance at 12 months
£20,362,984.90
Initial Deposit
£10,000,000
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.
1.70%
Balance at 12 months
£10,171,330.86
Initial Deposit
£1,000,000
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.
1.45%
Balance at 12 months
£1,014,596.75
Initial Deposit
£500,000
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.
1.00%
Balance at 12 months
£505,022.98
Initial Deposit
£100,000
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.
0.90%
Balance at 12 months
£100,903.72
Initial Deposit
£1,000
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.
0.80%
Balance at 12 months
£1,008.03
Future balance based on interest rates with effect from 05 June 2025
Initial Deposit
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.
Balance at 12 months
Initial Deposit
£20,000,000
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.
1.60%
Balance at 12 months
£20,322,357.13
Initial Deposit
£10,000,000
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.
1.50%
Balance at 12 months
£10,151,035.56
Initial Deposit
£1,000,000
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.
1.25%
Balance at 12 months
£1,012,571.86
Initial Deposit
£500,000
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.
0.90%
Balance at 12 months
£504,518.61
Initial Deposit
£100,000
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.
0.80%
Balance at 12 months
£100,802.94
Initial Deposit
£1,000
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.
0.70%
Balance at 12 months
£1,007.02
This example assumed that:
- You don’t withdraw any money and interest isn't paid out of the account
- The interest rate stays the same
- Interest is paid monthly
- You make your initial deposit payment on the day you open the account
- You don’t make any further deposits
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This account can be opened and managed by phone or online.
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You can make withdrawals from this account and there are no charges for doing so.
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Statements can be issued monthly, quarterly or annually, as requested.
You can close this account at any time. We may ask you to confirm in writing.
Explore more from business savings
Protecting your deposits
The Financial Services Compensation Scheme (FSCS) will protect your deposits up to the value of £85,000, subject to eligibility criteria.
New to Lloyds Bank?
It’s easy to open an instant access account, even if you’re not a Lloyds Bank customer.
You can apply by calling us on 0800 056 0056.
Supporting UK Businesses
See how we’re supporting UK businesses in our latest Credential report.
Frequently asked questions
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The application form should take about 10 minutes to complete.
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If you wish to close your account, please call us on 0800 022 4388.
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Yes, if you are registered for Online for Business this will automatically appear on your account overview screen once the account is opened.
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If you’re an existing customer and want to speak to someone:
Call 0345 072 5555 if your turnover is between £0-3m
Contact your Relationship Manager if your turnover is between £3-25m