What is Club Lloyds?

Club Lloyds is a current account that offers exclusive benefits. Choose one Lifestyle Benefit every year plus, take advantage of preferential savings rates, mortgage offers and earn credit interest on balances up to £5,000. A £3 monthly fee may apply.

 

Our Club Lloyds accounts

Club Lloyds

£3 monthly fee, waived each month that you pay in £2,000 or more.

  • Earn credit interest on your money - on balances up to £5,000,  when you pay out two different Direct Debits each month
  • Choose a yearly Lifestyle Benefit from:
    • 12 months of Disney+
    • 6 x cinema tickets at ODEON or Vue cinemas
    • An annual Coffee Club and Gourmet Society membership
    • An annual magazine subscription

 Included in the £175 switching offer 

Ready to apply

Club Lloyds Silver

£10 monthly fee, plus a £3 monthly Club Lloyds fee. The £3 Club Lloyds fee is waived each month that you pay in £2,000 or more.

  • Everything you get with the Club Lloyds account including a yearly Lifestyle Benefit

Plus

  • European and UK multi-trip family travel insurance up to age 65
  • AA Breakdown Family Cover with Roadside Assistance
  • Mobile phone insurance

 Included in the £175 switching offer 

Club Lloyds Silver

Club Lloyds Platinum

£21 monthly fee, plus a £3 monthly Club Lloyds fee. The £3 Club Lloyds fee is waived each month that you pay in £2,000 or more.

  • Everything you get with the Club Lloyds account including a yearly Lifestyle Benefit

Plus

  • Worldwide multi-trip family travel insurance up to age 80
  • AA Breakdown Family Cover with Roadside Assistance, National Recovery and At Home
  • Mobile phone insurance

 Included in the £175 switching offer 

Club Lloyds Platinum

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

Features and benefits

Get £175 when you switch an account held with another bank to a new Club Lloyds, Club Lloyds Silver or Club Lloyds Platinum Account.

  • You'll need to use the Current Account Switch Service to transfer a minimum of 3 active direct debits and close your current account held with another bank.

You won't be eligible if you've received an incentive for switching to a Lloyds Bank, Bank of Scotland or Halifax current account since April 2020. You may need to pay a monthly fee for the account. Offer ends 30 July 2024. Full terms and conditions can be found below.

Find out more about switching

Ready to switch?

Choose a Lifestyle Benefit each year

Whether going to the cinema alone is your guilty pleasure, you enjoy watching endless entertainment on Disney+, or perhaps your day doesn't officially start until your first coffee. This club has got you covered.

Choose from either 12 months of Disney+, 6 cinema tickets, an annual digital Coffee Club and Gourmet Society membership or an annual magazine subscription.

Discover Lifestyle Benefits

Get up to 6.25% AER/gross fixed on a Club Lloyds savings account

As a Club Lloyds customer, you can take advantage of preferential rates on our saving accounts.

See exclusive savings accounts

Access to mortgage offers

As a Club Lloyds current account customer, you could get a 0.20% discount off the initial rate when you take out a mortgage with us. The offer applies to first time buyers, and customers remortgaging, moving home, switching to a new deal or buying to let.

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

Offers can be withdrawn at any time. Exclusions and conditions apply.

Earn monthly credit interest

When you pay out two different Direct Debits each month.

  • 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.
  • 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 credit interest on any part of the balance between £4,000 and £5,000.
  • You won’t earn interest on any part of your balance over £5,000.

Interest on this account is paid gross, which means we won't deduct any tax from the interest paid on your account. You will need to pay any tax you may owe to HM Revenue & Customs (HMRC).

Monthly credit interest

Other exclusive banking offers

Take advantage of some of our other Club account offers.

  • Travel money - As a Club Lloyds customer you get preferential exchange rates when ordering travel money
  • Smart Start account - A spending and savings account for 11-15 year olds, with no fees or charges

Our banking offers

  • To qualify for the £175 switching offer (“the offer”) you must switch to a new Club Lloyds Account, Club Lloyds Platinum Account or Club Lloyds Silver Account using the ‘Current Account Switch Service’ to switch from a bank account held with another bank. The following conditions apply:

    • Use the ‘Current Account Switch Service’ to transfer all the active credits and debits from the bank account that you hold with another bank to a new Club Lloyds Account (a £3 monthly fee may apply), a new Club Lloyds Platinum Account (£21 monthly fee applies/*£22.50 from 1st July 2024, plus £3 monthly Club Lloyds fee may apply) or a new Club Lloyds Silver Account (£10 monthly fee applies/* £11.50 from 1st July 2024, plus £3 Club Lloyds fee may apply) (‘Qualifying Account’). The ‘Current Account Switch Service’ will close your old account with the other bank; and
    • Your switch must include the transfer of a minimum of 3 active direct debits from your old account being switched to Lloyd’s as part of the offer. Direct debits set up after your switch has been started and other types of automated payments, such as standing orders and recurring card payments, won’t count towards the offer; and
    • Start your switch from your old bank account using the ‘Current Account Switch Service’ to a Club Lloyds Account, Club Lloyds Platinum Account or Club Lloyds Silver Account between 28th May 2024 and 30th July 2024.

     You can’t take part in the offer if:

    • You switch to any account other than a Club Lloyds Account, Club Lloyds Platinum Account, or Club Lloyds Silver Account.
    • You switch to any existing Lloyds bank account, or you change your existing Lloyds Bank Current Account to a Club Lloyds Account, Club Lloyds Silver or Club Lloyds Platinum Account.
    • You’ve received a switching offer since April 2020 for switching to any Lloyds, Bank of Scotland or Halifax Bank account.
    • You are switching to a joint account and one of the parties to the joint account has already received a switching offer since April 2020.
    • The bank you are switching from does not participate in the ‘Current Account Switch Service’. To find out more visit www.currentaccountswitch.co.uk
    • You are an employee of Lloyds Banking Group, or if an employee is on any bank account held in joint names.
    • The offer applies to applications received in branch, online or by phone from 28th May 2024 to 30th July 2024. The offer is subject to change and can be withdrawn without notice at any time.
    • The offer does not automatically guarantee an arranged overdraft and any application for an arranged overdraft facility will be subject to status. If your Qualifying Account has an arranged overdraft, you won’t pay any daily arranged overdraft interest for 3 months provided you stay within your arranged overdraft limit and do not increase or otherwise change the arranged overdraft limit agreed.
    • After 3 months, or if you change your account, you’ll be charged daily arranged overdraft interest applicable to the account you hold if you use your arranged overdraft. Please see the Personal Banking Terms and Conditions and Banking Charges leaflet for full details on arranged overdraft interest. You’ll have been given this when you opened your account, but if you would like another one, please ask in branch or look at www.lloydsbank.com/current-accounts/overdrafts
    • Only one offer is available per customer. Joint accounts will only be paid one payment.
    • The offer will be paid directly into your account within three working days of your switch completing and will appear as a cash credit. 
  • When will I receive the £175? 

    The offer will be paid directly into your account within 10 working days of you starting your switch and will appear as a cash credit.

    As an existing Lloyds customer can I qualify for the £175 offer? 

    Yes, as long as you open a new qualifying account named in the terms and conditions and you haven’t received a switching incentive from us, Bank of Scotland or Halifax since April 2020. You must complete your switch using the Current Account Switch Service to switch a bank account held elsewhere with at least 3 active direct debits.

    Do I need to open a new account if I already have a Lloyds bank account? 

    Yes, to qualify for the switch incentive you need to open a new qualifying account named in the terms and conditions and switch a bank account held elsewhere.

    Can I change my existing account to one of the qualifying accounts and still receive the offer? 

    No, you must open a new qualifying account and start the switch. You can do this by signing in to Internet Banking or using the Mobile Banking app.

    To qualify for the offer do I need to complete the switch at the time of opening my new bank account? 

    No, as long as you start your switch by the 30th July 2024, you can complete your switch through Internet Banking or on our mobile app.

    What types of payments qualify as direct debits?

    Your switch must include the transfer of a minimum of 3 active direct debits from your old account. Direct debits set up after you’ve started your switch as well as automated payments, such as standing orders and recurring card payments won’t count towards the offer.

  • 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 fixed interest on your savings. Interest is fixed so it won’t change during the term and is paid annually.
    • 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 4.00% AER/3.93% gross variable interest if you make 3 or less withdrawals in the 12 months after opening. Get 1.30% AER/1.29% gross variable if you make 4 or more withdrawals in the 12 months after opening. Interest is paid monthly.
    • Withdraw your money when you need it without charge.

    More about the Club Lloyds Advantage Saver

    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 4.00AER/3.93% tax free variable interest if you make three or less withdrawals in the 12 months after opening. Get 1.30% AER/1.29% tax free variable if you make four or more withdrawals in the 12 months after opening. 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 2.20% gross/AER variable interest on your savings. The rate depends on your balance. Interest is paid annually or monthly.
    • Withdraw money when you like without charge.

    More about the Club Lloyds Saver

  • What is the credit interest rate on this account?

    • Balances between £1 - £3,999.99 receive 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, paid monthly.
    • Balances between £4,000 - £5,000 receive 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 credit interest, paid monthly.
    • 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, if you have £4,500, you 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 interest on the first £3,999.99, then 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.

    Interest on this account is paid gross, which means we won't deduct any tax from the interest paid on your account. You will need to pay any tax you may owe to HM Revenue & Customs (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 do not qualify. 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 do not receive the credit interest one month can I earn interest the following month?

    Yes, if in any month you do not receive the credit interest, you can still earn interest 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 to earn the credit interest on balances between £1 - £5,000.

  • 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 3pm for free next working 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

    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 3.15% AER/3.11% gross variable interest on balances of £1 to £1,000. Earn 1.40% AER/1.39% gross variable interest on any money above £1,000. Interest is paid monthly.

    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. Retailer offers may vary.

    Everyday Offers

  • How do I waive the £3 monthly fee?

    You'll need to pay at least £2,000 into your Club Lloyds account each calendar month to waive the following month's fee. Each month you pay in £2,000 or more, you'll not be charged the fee.

    What deposits qualifies towards the £2,000?

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

    Do I need to pay the £2,000 in one deposit?

    No, we take the total of all deposits you made in the calendar month. For example, you could pay four separate £500 deposits totalling £2,000 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 will count towards the £2,000 requirement to waive the fee. Use any money paid as normal to pay bills, spend or transferred into another account.

  • Account services

    Payments

    Our Payments are quick and secure, and we keep things simple. You can also pay a cheque of up to £5,000 into your account by simply taking a photo of your cheque and uploading to the Mobile Banking app. There is a maximum daily limit of £5,000 per day.
    Send International Payments in over 30 currencies, with fee-free euro payments.

    Debit Card

    You can use your Visa Debit Card in over 500,000 locations in the UK and 27 million worldwide.
    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 and £95. You can also add your card to Apple Pay and Google Pay.
    You can withdraw up to £800 a day from a Lloyds Bank Cashpoint or other cash machines.

    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.

     

    Mobile features

    Mobile Banking App

    Our Mobile Banking app is quick and easy to install and more secure than ever – it's the easy way to stay on top of your money. You can; get app notifications, view your card and PIN, freeze your card, manage subscriptions, and check your Credit Score - with no impact on your credit file. Personal UK Internet Banking customers only. Terms and Conditions apply.

    Banking your way

    Bank your way with us. There are quick, easy ways other than in branch to manage your money. For 24 hours a day, 7 days a week access, go online with Internet Banking or Mobile Banking, or use Telephone Banking.

    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.

    Money Manager

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

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 now for a Classic Account.

Existing customer?

Existing customer?

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

Log on to apply

I'd like to open a joint account

I'd like to open a joint account

Joint accounts for a joint account

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.

We have a range of other current accounts to suit your needs

Explore all our current accounts

Current account FAQs

  • 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.

    crystal mark 20785

  • 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 account fees of £3* and an interest free amount of £50

    * The £3 fee is waived for each month you pay in at least £2,000 into your account.

    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.

Disney Plus and the Disney+ logo are registered trademarks of Disney Enterprises Inc.

Financial Services Compensation Scheme

Eligible deposits held with us are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK’s deposit guarantee scheme.

FSCS logo