What is a Fixed Term Deposit Account?

This account allows you to receive a fixed interest rate that will not change. You must deposit £10,000 or more and choose a time period of up to two years. 

Throughout your chosen period, you won’t be able to make any deposits or withdrawals. 

See our interest rates

Benefits

Your interest rate won’t change

The rate is fixed so will stay the same throughout your chosen term.

Easy to manage

You can view and manage your fixed term account and maturity instructions online.

A term to suit you

Choose a term that suits you from 3 months to 2 years.

Is your business eligible?

To apply for our Fixed Term Deposit Account, you should:

  • Need the account for business purposes
  • Be a sole trader, partner or director
  • Be age 18 or over

How do I apply for a savings account?

  1. Log into Online for Business
  2. Select Savings from the navigation
  3. It should only take about 10 minutes

Apply for a Fixed Term Deposit

Apply for a Fixed Term Deposit

Apply for a Fixed Term Deposit

Make surplus cash work harder in a Fixed Term Deposit tailored to your needs

Log on and apply

Summary box

Account name: Fixed Term Deposit

What is the interest rate?

A fixed rate of interest will apply to your account. The table below shows the Interest Rates currently available on some of Our standard Fixed Term Deposits.

Account

Term length

Indicative interest rate
Gross p.a.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. Whilst the Gross rate quoted is the annual rate of interest, please note that the duration of your deposit will affect the amount of interest that you are paid.

Indicative interest rate AERThe 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.

Account

Fixed Term Deposit

Term length

3 months

Indicative interest rateGross p.a.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. Whilst the Gross rate quoted is the annual rate of interest, please note that the duration of your deposit will affect the amount of interest that you are paid.

2.00%

Indicative interest rate AERThe 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%

Account

Fixed Term Deposit

Term length

6 months

Indicative interest rateGross p.a.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. Whilst the Gross rate quoted is the annual rate of interest, please note that the duration of your deposit will affect the amount of interest that you are paid.

3.50%

Indicative interest rate AERThe 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.

3.53%

Account

Fixed Term Deposit

Term length

9 months

Indicative interest rateGross p.a.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. Whilst the Gross rate quoted is the annual rate of interest, please note that the duration of your deposit will affect the amount of interest that you are paid.

3.55%

Indicative interest rate AERThe 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.

3.57%

Account

Fixed Term Deposit

Term length

12 months

Indicative interest rateGross p.a.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. Whilst the Gross rate quoted is the annual rate of interest, please note that the duration of your deposit will affect the amount of interest that you are paid.

3.60%

Indicative interest rate AERThe 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.

3.60%

Account

Term deposit with fixed maturity date

Term length

Maturity date 05/11/2024

Indicative interest rateGross p.a.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. Whilst the Gross rate quoted is the annual rate of interest, please note that the duration of your deposit will affect the amount of interest that you are paid.

3.50%

Indicative interest rate AERThe 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.

3.53%

Account

Term deposit with fixed maturity date

Term length

Maturity date 04/09/2025

Indicative interest rateGross p.a.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. Whilst the Gross rate quoted is the annual rate of interest, please note that the duration of your deposit will affect the amount of interest that you are paid.

5.01%

Indicative interest rate AERThe 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.

5.01%

Interest rates stated above are available as at 10/05/2024 and expire on 20/06/2024 but may be subject to change.

 

Interest is calculated by reference to the Interest Rate which is fixed for the term until the Maturity Date using the Day Basis.

Interest is paid at the end of the agreed term.
 

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.

Find out more about FSCS

New to Lloyds Bank?

If you have a turnover greater than £3m, it’s easy to open a Fixed Term Deposit, even if you’re not a Lloyds Bank customer.

You can apply online or call us on 0345 600 6391.

Apply online
 

Supporting UK Businesses

See how we’re supporting UK businesses in our latest Credential report.
 

Read our credentials report (PDF, 394KB)

Frequently asked questions

Other ways to save

Notice Account

Grow your savings with terms that suit your business needs. Give us 32 or 95 days’ notice to withdraw your money.

Explore Notice Accounts

Instant Access Account

Open an account with as little as £1 and access your money at any time with no fixed term.

Explore Instant Access Account

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.