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

Apply now

You can apply online if you have a Business Current Account with us

Other ways to apply

Log on and apply

  • New customers with a turnover below £3m

    We’re sorry; Fixed Term Deposits are only available to existing Lloyds Bank Business Current Account customers as this is required to operate this product.

    New customers with a turnover above £3m

    If you are new to Lloyds Bank and want to open a Fixed Term Deposit either apply online or call 0345 072 5555.

    Existing customer with access to Commercial Banking Online

    If you do not have access to Online for Business apply online.

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 23/09/2022 and expire on 03/11/2022 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.

    0.70% (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.

    0.80% (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.

    0.90% (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.

    2.30% (fixed)

    Account

    Term deposit with fixed maturity date

    Term length

    Maturity date 20/04/2023

    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.

    0.80% (fixed)

    Account

    Term deposit with fixed maturity date

    Term length

    Maturity date 28/09/2023

    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.

    2.30% (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 (PDF, 127KB)

    Commercial Banking Markets Deposit Terms and Conditions (PDF, 237KB) (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 (PDF, 148KB)

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

    Fixed Term Deposit product information factsheet (PDF, 816KB)

Existing customers

Easily review and update your Fixed Term Deposit maturity instructions to either automatically or manually reinvest, or withdraw the funds using Online for Business.

Manage your savings online

Financial Services Compensation Scheme

Your money is protected by the FSCS logo

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

Visit our Financial Services Compensation Scheme page

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

Apply now

  • Enter your login details, which will take you to the Online for Business Homepage
  • If you’re not registered for Internet banking 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
0345 600 6391

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.