An account with a great rate of credit interest, choice of benefits and more.
On balances of £1 to £5,000 when you pay out two separate direct debits each month.
No monthly account fee if you pay in £1,500 each month. If you pay less than £1,500 it will cost you £3 each month.
Each year you can choose either 6 cinema tickets, an annual magazine subscription, or annual Gourmet Society membership.
Please note: From the 1st July 2018, we will be changing the interest you can earn on Club Lloyds current accounts. The current interest rate of 2% AER/1.98% Gross variable, payable on balances between £1 and £5,000, will reduce to 1.5% AER/1.49% Gross variable. You will still need to pay at least two different Direct Debits each calendar month to earn interest.
Upgrade your existing account
Keep the same account details and it doesn't affect your existing payments.Log on to upgrade
Apply for a new Club Lloyds current account
You can also apply for an overdraft during the application. Apply today
You can earn 2% AER (1.98% gross p.a.) variable credit interest on balances between £1 and £5,000.
|Balances between||AER Close Annual Equivalent Rate AER means Annual Equivalent Rate. This illustrates what the interest rate would be if interest was paid and compounded each year and allows you to easily compare different offers.||Gross p.a. Close Gross Rate Gross rate means that we will not deduct tax automatically from your interest. You are responsible for paying any tax due to HM Revenue and Customs.|
£1 - £5,000
Club Lloyds interest rates are variable and apply to your whole balance. Interest is calculated daily, and paid monthly.
For example, if you have £4,000 in your account for one year, you'll receive an interest rate of 2% AER/1.98% gross variable on your entire balance, provided you pay two separate Direct Debits from your Club Lloyds current account each calendar month.
Please note interest paid before 6th April 2016 will have been paid net (unless you registered the account with us to receive gross interest) . Net is the rate of interest payable after allowing for the deduction of income tax at the rate specified by law (currently 20%).
From 6th April 2016 interest is paid Gross, meaning we will not deduct tax on your behalf. Dependant on your personal circumstances, tax may be due on your interest and it is your responsibility to disclose and pay any tax due directly to HMRC.
You need to pay at least two separate Direct Debits from your Club Lloyds current account each calendar month.
Please note, qualifying Direct Debits must come out monthly, quarterly Direct Debits are not eligible. Also Standing Orders do not qualify.
No, credit interest is not payable on the amount of any balance over £5,000.
If you earn the credit interest, it will be paid into your Club Lloyds current account by the second working day of the following calendar month.
If you do not earn the credit interest, you won't receive payment the following calendar month.
Yes, if in any month you miss out on the credit interest, you can still earn it in future months. Just make sure you pay out two separate Direct Debits in the next calendar month.
No, there is no requirement on this account to pay out two separate Direct Debits each month. You only have to pay out two separate Direct Debits each month if you want to earn the credit interest on balances between £1 - £5,000.
As a Club Lloyds customer you can choose a different Lifestyle Benefit every year per account
Choose 1 of the following 25 magazines to have delivered to your door or downloadable to your device (compatible with Apple and some titles compatible with Android™ devices).
Titles available in print and Digital subscription (Apple)
Good House Keeping
Improve Your Coarse Fishing
Mother & Baby
Titles available in print and Digital subscription (Apple and Android)
Improve Your Coarse Fishing
Mother & Baby
Apple is a registered trademark of Apple inc. registered in the U.S and other countries. Android is a trademark of Google Inc.
Gourmet Society membership gives you discounts at more than 6,000 restaurants around the UK and Ireland, giving you to unlimited access to offers such as:
As a Club Lloyds customer you'll get exclusive access to offers on a range of Lloyds Bank products.
As a Club Lloyds customer you can take advantage of of two mortgage offers
You must have a Club Lloyds current account open at the time of mortgage application.
You'll receive a 0.20% discount off whichever fixed rate you choose. Excludes Negative Equity.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
You can withdraw up to £500 a day from a Lloyds Bank Cashpoint or other cash machines. You can use your Visa debit card in over 500,000 locations in the UK and 27 million worldwide.
Quick, easy ways other than in branch to manage your money 24 hours a day, 7 days a week, online or on the phone with Internet Banking, PhoneBank® and Mobile Banking.
Our mobile alerts service offers a simple way to stay on top of your finances without even having to think about it. So if we have a mobile number for you, we’ll help you keep an eye on your balance.
Save the Change®
Register for Save the Change and make saving easy. When you buy something with your Lloyds Bank Visa debit card (and your account is in credit), the amount can be rounded up to the nearest pound, and the difference transferred to an eligible Lloyds Bank savings account.
Keep track of your spending and see at a glance where your money goes with our free Internet Banking service.
Add a second person to your account. It’s a convenient way to share outgoings such as household bills, shopping and mortgage/rent payments or budget for holidays and special purchases.
Our Mobile Banking app for iOS and Android are quick and easy to install, fast, convenient and more secure than ever - the easy way to stay on top of your money. Bank where you want with the latest built-in security technology that keeps your details safe and private. More and more customers are choosing the flexibility, convenience and security of banking on their mobile.
Personal UK Internet Banking customers only. Terms and Conditions apply.
If you use a Planned Overdraft of £1,200 on your Club Lloyds Account, then we’ll charge you a daily overdraft fee of £1.57. For Club Lloyds, the daily overdraft fee on the first £100 is 0p.
Three month fee free overdraft offer
If you are looking to switch to us we may be able to arrange fee free Planned Overdraft for 3 months, subject to application and approval.
How to apply for the overdraft
At the start of your current account application we’ll ask you if you would like to apply for an overdraft. If you say yes, we’ll tell you the maximum overdraft we can offer you.
Overdrafts are repayable on demand and are subject to approval.
Are you eligible for the overdraft offer?
To qualify for the fee-free offer you must :
Do not have a current account with us?
When you apply for this account, you also apply for an overdraft as part of the application process. Simply follow the on-screen instructions.
Already have a current account with us?
If you already have a current account with us and would like a Planned Overdraft, you can apply for one through Internet Banking or Mobile Banking. You can also apply to increase your existing overdraft limit too.
We will transfer everything safely and securely in 7 working days with the Current Account Switch Service.
|Day 1||Day 1-6||Day 7|
|You do||Choose a current account and apply. After applying, complete our switch form.||You can still use your old account and your new Lloyds account.||Enjoy your Lloyds Bank account.|
|We do||We'll start your switch.||We will transfer payments from your old account to your new account.||Switch complete. We move the funds in your old account to your new Lloyds Bank account and close your old account.|
The Current Account Switch Service lets you switch your current account from one bank or building society to another in a simple, reliable and stress-free way. It will only take seven working days. As your new current-account provider we offer the following guarantee.
The service is free to use and you can choose and agree your switch date with us.
We will take care of moving all your payments going out (for example, your Direct Debits and standing orders) and those coming in (for example, your salary).
If you have money in your old account, we will transfer it to your new account on your switch date.
We will arrange for payments accidentally made to your old account to be automatically redirected to your new account.
We will also contact the sender and give them your new account details. If there are any issues in making the switch, we will contact you before your switch date. If anything goes wrong with the switch, as soon as we are told, we will refund any interest (paid or lost) and charges made on either your old or new current accounts as a result of this failure.
Club Lloyds lifestyle benefits terms and conditions