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Grow your savings with an account where you can deposit and withdraw flexibly
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.
What is the interest rate?
It’s a variable rate, as shown in the table below.
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.2.02% |
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.2.00% |
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.1.92% |
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£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.1.74% |
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.1.73% |
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.1.21% |
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.1.20% |
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 27 July 2024. Interest is calculated daily and paid monthly.
Please note that with effect from 3 December 2024, the rates of credit interest and interest tiers for this product will change to those shown below:
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.1.92% |
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% |
Effective from 3 December 2024.
These interest rates will apply from 3 December 2024. Interest is calculated daily and applied monthly.
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.
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.
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 |
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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.2.00% |
Balance at 12 months£20,403,687.11 |
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.1.90% |
Balance at 12 months£10,191,663.35 |
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.1.73% |
Balance at 12 months£1,017,437.84 |
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.1.20% |
Balance at 12 months£506,033.11 |
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.1.00% |
Balance at 12 months£101,004.60 |
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.1.00% |
Balance at 12 months£1,010.05 |
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.1.90% |
Balance at 12 months£20,383,326.69 |
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.1.80% |
Balance at 12 months£10,181,492.45 |
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.1.63% |
Balance at 12 months£1,016,422.33 |
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.1.10% |
Balance at 12 months£505,527.81 |
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.1.00% |
Balance at 12 months£101,004.60 |
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.1.00% |
Balance at 12 months£1,010.05 |
This example assumed that:
This account can be opened and managed by phone or online.
You can make withdrawals from this account and there are no charges for doing so.
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.
The Financial Services Compensation Scheme (FSCS) will protect your deposits up to the value of £85,000, subject to eligibility criteria.
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.
See how we’re supporting UK businesses in our latest Credential report.
The application form should take about 10 minutes to complete.
If you wish to close your account, please call us on 0800 022 4388.
Yes, if you are registered for Online for Business this will automatically appear on your account overview screen once the account is opened.
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