Features and benefits

Tip: use the scroll bar below to slide between the different features and benefits.

  • Monthly credit interest

    What is the credit interest rate on this account?

    What is the credit interest rate on this account?

    Balances between

    AERAnnual Equivalent RateAER 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.Gross RateGross 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.

    Balances between

    £1 - £3,999.99

    AERAnnual Equivalent RateAER 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.

    1.50%

    Gross p.a.Gross RateGross 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.

    1.49%

    Balances between

    £4,000 - £5,000

    AERAnnual Equivalent RateAER 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.

    3.00%

    Gross p.a.Gross RateGross 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.

    2.96%

    You could earn 1.50% AERAnnual Equivalent RateThe Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded each year. The AER allows you to compare different offers easily. (1.49% grossCloseGross rateGross 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. p.a.) variable credit interest on balances between £1 and £3,999.99, and 3.00% AERAnnual Equivalent RateThe Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded each year. The AER allows you to compare different offers easily. (2.96% grossCloseGross rateGross 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. p.a.) variable on any part of the balance from £4,000 up to and including £5,000. You won’t earn interest on any part of your balance over £5,000.

    You just need to pay out two different Direct Debits from your Club Lloyds account each calendar month. Interest is variable, worked out daily and paid monthly.

    For example, when you have £4,500 in your account, you could earn interest of 1.50% AERAnnual Equivalent RateThe Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded each year. The AER allows you to compare different offers easily. (1.49% grossCloseGross rateGross 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. p.a.) variable on the first £3,999.99 and 3.00% AERAnnual Equivalent RateThe Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded each year. The AER allows you to compare different offers easily. (2.96% grossCloseGross rateGross 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. p.a.) variable on the rest.

    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.

    What do I have to do to earn the credit interest?

    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.

    Can I earn credit interest on balances over £5,000?

    No, credit interest is not payable on the amount of any balance over £5,000.

    When is the credit interest paid?

    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.

    If I miss out on the credit interest one month, can I earn it the next 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.

    Do I have to pay out two separate Direct Debits each 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

    Digital movie rentals

    Enjoy a monthly movie rental from Rakuten TV. Choose from over 4,000 movies, including top new releases and family-favourites to watch online, on your smart TV or any other Rakuten TV compatible device.

    Dining offers

    An annual Gourmet Society Plus digital membership gives you 25% off your total bill at thousands of restaurants including national chains and local favourites; as well as up to 25% off on takeaway collections & deliveries and great discounts on theatre tickets, hotels and UK attractions.

    Cinema tickets

    You could enjoy 6 Vue or ODEON cinema tickets, valid at over 80 cinemas across the UK. Tickets can be used for standard 2D or 3D admission tickets and can also be used as part payment on certain ticket upgrades. Tickets are valid for 12 months.

    At Vue cinemas, your vouchers also entitle you to half price popcorn. At ODEON cinemas, you can now redeem your vouchers at ODEON Kids Screenings, which come with a free small popcorn per ticket.

    Magazine subscription

    Choose one magazine to have delivered to your door, downloadable to your device (compatible with Apple and Android devices), or both with a print + digital subscription for selected titles. For list of titles see Lifestyle benefits.

    Apple is a registered trademark of Apple inc. registered in the U.S and other countries. Android is a trademark of Google Inc.

    More information

    More about lifestyle benefits
  • Club Lloyds Monthly Saver

    This savings account is for people who want to save regularly for 12 months and get a fixed rate of interest.

    • Save from £25 to £400 a month.
    • Receive 6.25% gross/AER interest on your savings. Interest is fixed so it won’t change during the term.
    • Withdraw your money when you need it without charge.

    More about the Club Lloyds Monthly Saver

    Club Lloyds Advantage Saver

    This account is ideal for people who don’t need to make regular withdrawals, as you earn a higher interest rate if you make fewer withdrawals.

    • Open with just £1.
    • Receive 2.25% AER/2.23% gross variable interest if you make three or less withdrawals. Get 0.30% gross/AER variable if you make four or more withdrawals. Interest is paid monthly.
    • Withdraw your money when you need it without charge.

    More about the Club Lloyds Advantage Saver

    Savings: Club Lloyds Advantage ISA Saver

    This is our cash ISA for Club Lloyds customers which pays more interest if you make fewer withdrawals.

    • Open with just £1.
    • Receive 2.85% AER/2.81% tax free variable interest if you make three or less withdrawals. Get 0.30% AER/tax free variable if you make four or more withdrawals. Interest is paid monthly.
    • Withdraw your money when you need it without charge

    More about the Club Lloyds Advantage ISA Saver

    Club Lloyds Saver

    This savings account is for people who want to save as often as they like and have instant access to their money.

    • Open with just £1.
    • Receive up to 1.75% gross/AER variable interest on your savings. The rate depends on your balance.
    • Withdraw money when you like without charge.

    More about the Club Lloyds Saver

  • Travel money

    With a Club Lloyds account you get access to preferential exchange rates when ordering travel money with Lloyds Bank.

    Just order from a range of currencies by 1pm on a working day and get next day delivery to your home or your local branch.

    Existing Club Lloyds customer?

    Login to order travel money

    New to Club Lloyds?

    More about travel money

    Mortgages

    You could get £250 cashback when you take out a mortgage with us.

    Offer applies to first time buyers, customers who are switching their mortgage to us or moving home.

    Already have a Lloyds Bank mortgage? You could get an exclusive 0.20% discount off your initial fixed rate when you switch to a new mortgage deal. 

    You must have a Club Lloyds current account open at the time of mortgage application.

    More about Club Lloyds mortgage offers

    YOU COULD LOSE YOUR HOME IF YOU DON'T KEEP UP YOUR MORTGAGE REPAYMENTS

    Children’s account: Smart Start

    With Smart Start, the child gets a savings account and a current account. Ideal for 11 to 15 year olds who want their first account with parental oversight.

    • The child gets their own contactless Visa debit card.
    • Parent or legal guardian has oversight of account activity.
    • Interest is earned on savings account only. Earn 1.00% AER/gross variable interest on balances of £1 to £1,000. Earn 0.40% AER/gross variable interest on any money above £1,000.

    More about Smart Start

  • Cashback with Everyday Offers

    With Everyday Offers you can get up to 15% cashback on your credit/debit card purchases or when you pay by Direct Debit, based on the places you usually shop or may like to try, such as clothing stores, DIY outlets and restaurants. Once registered, you can activate your offers through Internet Banking or our Mobile Banking app.

    Everyday OffersEveryday offers webpage opens in a new window

Monthly fee

How do I waive the £3 monthly fee?

To waive the £3 fee for maintaining the account, you'll need to pay at least £1,500 into your Club Lloyds account in the calendar month for the following month's fee to be waived. Each month you pay in at least £1,500 you'll not be charged the fee for maintaining the account. From 1 April 2023 you’ll need to pay in £2,000 or more.

What deposits qualifies towards the £1,500?

All deposits including cash, cheques, Bacs, Faster Payments and instant transfers in. This includes salaries, pensions and benefits paid in via these methods. Money refunded into your account is not counted as a deposit.

Do I need to pay the £1,500 in one deposit?

No, we take the total of all deposits you made in the calendar month. For example, you could pay in £500 in three separate deposits totalling £1,500 for the month.

Do I need to keep the money in the account?

No, as long as the money is registered into your account, it'll count towards the £1,500 requirement to waive the fee. Any money paid in can be used as normal to pay bills, spend or transferred into another account.

    • Contactless payments - tap and pay with a Visa Debit Card up to £100. You can now use our mobile banking app to choose a contactless payment limit between £30 & £95. You can also add your card to Apple Pay and Google Pay.
    • Check your Credit Score - no impact on your credit file.
    • Securely view your debit card PIN and card details in the app - to allow you to complete a transaction in-person or online.
    • Manage subscriptions - view, cancel and block regular subscription payments in the mobile banking app.
    • Cheque scanning -  pay in cheques of up to £5,000 in to your account by simply taking a photo of your cheque and uploading to the app. There is a maximum daily limit of £5,000 per day.
    • 24/7 mobile and internet banking - you can also visit us in branch or contact through telephone banking.
    • Mobile alerts - you’ll get alerts straight to your phone so you can stay up to date on your finances.
  • Debit card

    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.

    More about debit cards

    Banking your way

    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.

    More about ways to bank

    Mobile Alerts

    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®

    Save the Change® makes saving easy. When you buy something with your Lloyds Bank debit card (and your account is in credit), we’ll round up the amount to the nearest pound and transfer the difference into an eligible Lloyds Bank savings account.

    More about Save the Change®

    Money Manager

    Keep track of your spending and see at a glance where your money goes with our free Internet Banking service.

    More about Money Manager

    Mobile Banking app

    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.

    More about the Mobile Banking app

    Payments

    All the ways to do everyday banking. And how we make it simple.

    How to make payments

    How to pay in cheques

Apply for, or upgrade to a Club Lloyds account today

To apply for this account, you need to be aged 18 or older and live in the UK.

If you are not an existing Lloyds Bank customer you may need to provide proof of identity.

New customer?

New customer?

Apply online and we should be able to give you a decision within 10 minutes.

Apply nowfor a Classic Account.

Existing customer?

Existing customer?

Open a new current account or change your account through Internet Banking.

Log on to apply

You can also apply for this account by calling us on 0800 015 4000 (Line are open 9am – 6pm Monday – Saturday) or by booking an appointment at your nearest branch. You can book by calling us on 0345 300 0000 (+44 1733 347 007 from outside the UK). Lines are open 8am – 8pm, seven days a week.
Not all Telephone Banking services are available 24 hours a day, seven days a week.

Choose the best current account for you

Benefits supplied by selected third-party providers. Limits, terms & exclusions apply.

Current account FAQs

  • A joint account is a simple way for two people to share the same bank account. It gives both of you the same ownership rights to the account.

    • Choose whether to open a new account or add someone on to your current account.
    • Each person will get their own debit card and can request a cheque book.
    • Each person can use the account without the need of approval from the other. This includes writing cheques, using cash machines and applying for an overdraft.

    Applying for a Joint Account

    You have two options when you are looking to apply to open a joint account:

    • One of you can get the process started by opening an account online. You will then need to book an appointment in branch and both attend to make this a joint account.
    • Both of you can open your joint account from start to finish at one of our branches.

    For either option, we recommend booking an appointment at your local branch. You can also book by calling us on 0345 300 0000 (+44 1733 347 007 from outside the UK). Lines are open 8am - 8pm, seven days a week.
    Not all Telephone Banking services are available 24 hours a day, seven days a week.

    If you already bank with us please bring your bank card or another form of identification with you. If neither of you are an existing Lloyds Bank current account holder, you’ll need to bring proof of identity.

    For further information please visit our joint account page.

  • Switch your current account to us in just 7 working days, using our stress-free process

    Whether you want to move to Lloyds Bank or you already bank with us and want to open a new Lloyds current account, switching is easy. Our team will do everything to ensure your switch runs smoothly, including transferring all your Direct Debits and standing orders to your new account for you.

    You'll be able to switch your account to us at the end of your online application.

    Here's how the process works

    • Working day 1
      The switching begins
      We make contact with your old bank to arrange the switch.
    • Working day 2
      We’ll let you know your old bank has received your request. We then start transferring your payments to your new Lloyds Bank account.
    • Working day 3-5
      It’ll take a couple of days to switch over your payment arrangements, and make sure your Lloyds Bank account is ready to go for the switch date.
    • Working day 6
      If you’re clearing a debit balance at your old account, you’ll need to make sure there are enough funds in your Lloyds Bank account to cover the transfer.
    • Working day 7
      Congratulations, your switch is complete. Your balance is transferred and your old account is closed.
    • After you switch
      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.

    switch guarantee

    Current Account Switch Guarantee

    We have designed the Current Account Switch Service to let 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.

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  • Arranged overdraft information

     

    An arranged overdraft can act as a short term safety net. You can use it to borrow money up to an agreed limit through your bank account.

    • You can apply to add an arranged overdraft to your account and you’ll only pay daily arranged overdraft interest if you use it.
    • If you use your arranged overdraft but pay it back before the end of the day, then you won’t pay any arranged overdraft interest for that day.

    Helpful tools - You can use our eligibility checker and cost calculator to check your eligibility and calculate the cost of an arranged overdraft.

    Applying for an arranged overdraft - When you have applied for this account, at the end of the application you can apply for an arranged overdraft which you can add right away. You can also apply for one later.

    Amending an arranged overdraft - You can reduce or remove your arranged overdraft at any time through Mobile Banking, Internet Banking or Telephone Banking or by visiting your branch. But you must repay anything you owe if you want to remove an arranged overdraft or anything over the new reduced limit you want. You can also apply to increase it. Using an arranged overdraft increases your overall borrowing and may affect your credit score.

    If you don't have enough money in your account or available arranged overdraft to make a payment, we may either let you borrow through an unarranged overdraft or refuse to make the payment. Missing payments and using an unarranged overdraft can damage your credit score, please get in touch with us as we may be able to help you.

    Applying for this product does not improve your eligibility for an arranged overdraft.

    All overdrafts are subject to application and repayable on demand. You must be 18 or over to apply.

    Arranged overdraft details

    • £50 interest free amount
    • 27.5% EAR (variable) representative
    • Your interest rate will be based on how you manage any accounts you have with us and on the credit information we hold about you
    • No unarranged overdraft interest, fees or charges

    Representative Example

    A variable representative rate of 29.9% APR

    A variable interest rate of 27.5% EAREAR is the Equivalent Annual Rate. This is the annual interest rate of an overdraft. This means you are charged over the year based on how often and how much you are overdrawn by, and the effect of compounding it – charging interest on interest already charged. This interest rate does not include any other fees and charges.

    Based on borrowing £1,200

    The APR includes monthly maintaining the account fees of £3* and an interest free amount of £50

    * The £3 fee is waived for each month you pay in at least £1,500 into your account. From 1 April 2023 you’ll need to pay in £2,000 or more.

    How much does my overdraft cost in pounds and pence?

    As an example, the interest cost of borrowing £500 is:

    £2.04 for 7 days

    £8.94 for 30 days

    £17.98 for 60 days

    How does our overdraft compare?

    You can use the representative APR to compare with other products or credit providers, this can help you make sure that you choose the right type of borrowing for you.

    Useful tools

    You can use our calculator to work out how much your anticipated arranged overdraft borrowing would cost over different periods of time.

     

    Cost Calculator

    You can use our eligibility tool to find out if you are eligible for an arranged overdraft.

     

    Eligibility Tool

     

    Do you already have a current account with us and need an arranged overdraft?

    If you already have a current account with us, you can apply for an arranged overdraft through Internet Banking or Mobile Banking. You can also apply to increase your existing arranged overdraft limit too.

    Log on to apply for an arranged overdraft

     

Important legal information

Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.

Lloyds Bank adheres 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).

We may monitor or record telephone calls to check out your instructions correctly and to help us improve the quality of our service. Calls from abroad are charged according to the telephone service provider’s published tariff. Not all Telephone Banking services are available 24 hours a day, 7 days a week. Please speak to an adviser for more information.

Account opening is subject to our assessment of your circumstances. You must be over 18 to apply.

Overdrafts are repayable in full on demand.

Club Lloyds Lifestyle Benefits are administered by Hawk Incentives Limited, on behalf of Lloyds Bank. The benefits available for selection may be changed or updated from time to time.