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    Fixed Term Deposit

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

    Key features and benefits

    • The interest rate is fixed so it won't change during the term
    • Choose a fixed term to suit you; lock away money from overnight to 3 years
    • Deposit from £10,000
    • View and manage your deposit online
    • Roll over your deposit online when your fixed term comes to an end
    • Once opened you can’t make any further deposits or withdrawals until the maturity date

    Ready to apply?

    In order for us to point you in the right direction we need to ask you a few questions

    Not registered for Online for Business? Register now.

    Apply now

    We are closed

    We’ve taken the difficult decision to temporarily stop accepting new savings account applications to ensure colleagues can continue to provide vital support to existing customers at this unprecedented time. 

    This is undoubtedly going to cause a level of inconvenience, but please be reassured that we’ll reinstate the ability to accept new account applications at the earliest opportunity. Thank you for your understanding at this time. 

    Is my business eligible?

    To apply for our  Fixed Term Deposit, you should:

    • Require the account for business use
    • Be a sole trader, partner or director
    • Be aged 18 or over

    What we'd need to know

    • The amount you want to deposit
    • The period you want to lock away funds for
    • Your business contact details

    • Interest Rates

      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 18/12/2020 and expire on 04/02/2021 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 AERAERThe 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./GrossGrossGross 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.

      Account

      Fixed Term Deposit

      Term length

      3 months

      Indicative interest rate AERAERThe 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./GrossGrossGross 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.

      0.01% (fixed)

      Account

      Fixed Term Deposit

      Term length

      6 months

      Indicative interest rate AERAERThe 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./GrossGrossGross 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.

      0.03% (fixed)

      Account

      Fixed Term Deposit

      Term length

      9 months

      Indicative interest rate AERAERThe 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./GrossGrossGross 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.

      0.06% (fixed)

      Account

      Fixed Term Deposit

      Term length

      12 months

      Indicative interest rate AERAERThe 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./GrossGrossGross 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.

      0.10% (fixed)

      Account

      Term deposit with fixed maturity date

      Term length

      Maturity date 18/06/2021

      Indicative interest rate AERAERThe 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./GrossGrossGross 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.

      0.03% (fixed)

      Account

      Term deposit with fixed maturity date

      Term length

      Maturity date 17/12/2021

      Indicative interest rate AERAERThe 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./GrossGrossGross 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.

      0.10% (fixed)

      Account

      Fixed Term Deposit

      Term length

      Bespoke – From overnight to 3 years

      Indicative interest rate AERAERThe 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./GrossGrossGross 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.

      Call us on 0345 305 55551

      1We only offer standard terms online for Fixed Term Deposit products. If you would like to apply for bespoke term lengths or you need to select specific start and end dates for your deposit, call us on 0345 305 5555. We are available 8am to 5pm Monday to Friday.

    • Commercial Banking Markets General Terms of Business

      Commercial Banking Markets Deposit Terms and Conditions (to be read in conjunction with Commercial Banking Markets General Terms of Business)

      For customers with an annual turnover of £0-3m

      Fixed Term Deposit product information factsheet

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

      Fixed Term Deposit product information factsheet

    Savings strategy tool

    Our tool can make your money work harder by matching your cash forecasts against our savings products, helping you create a savings strategy bespoke to your needs.

    Get your savings strategy

    Financial Services Compensation Scheme

    Your money is protected by the FSCS logo

    Due to FSCS eligibility criteria not all business customers will be covered.

    Find out more

    Apply now

    • Enter your login details, which will take you to the Online for Business Homepage
    • If you’re not registered for Internet banking (O4B) register here
    Log on and applyapply online securely, opens in a new window

    Other Savings options

    Instant Access Account

    Notice Accounts

    Compare all our savings accounts

     

    Talk to one of our specialists

    If your business turnover is between £0-3m please call
    0345 072 5555

    If your business turnover is between £3-25m please call
    0800 022 4378

    Important Legal Information

    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.

    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. Please note that any data sent via e-mail is not secure and may be read by others.

    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.

    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.