Fixed Term Deposits

Lock in a fixed interest rate by saving for a set term.

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Features and benefits

Choose from 3 currencies

This account is available in sterling, US dollar and euro.

Fixed rate

Know exactly how much you'll earn.

Let's break it down

Who it's for

You can apply for a Fixed Term Deposit if:

  • you're aged 18 or over and
  • you can deposit a minimum of £10,000, $10,000 or €10,000 in the account.

Depending on the legislation and regulations of the country you live in, we may not be able to offer you this account.

How it works

  • Open with a minimum deposit of either £10,000, US$10,000, or €10,000.
  • Your interest rate isn’t fixed until receipt of your deposit and any documentation needed to open your Fixed Term Deposit.
  • You can’t make withdrawals until your maturity date
  • To let you make your initial deposit and withdraw your money at the end of the term, we’ll open a fee-free servicing account.

Accounts are domiciled in the Isle of Man and are provided by Lloyds Bank Corporate Markets plc a wholly owned subsidiary of Lloyds Banking Group plc.

Fixed Term Deposit interest rates

  • Sterling and US Dollar

    Access

    At the end of the term. For deposits with a term of less than 12 months, see additional information below.

    Term

    6 months to 2 years, other terms may be available on request.

    Annual interest rate (AER /Gross)

    See below.

    Minimum deposit

    £10,000/US$10,000/€10,000

    Maximum deposit

    £5,000,000/US$5,000,000/€5,000,000

    Annual interest rate (Gross/AER)

    Select currency:

    Sterling

    US Dollar

    Euro

    Sterling:

    Sterling

    Sterling

    6 months
    Annual interest rate %(Gross/AER)

    1 Year
    Annual interest rate %(Gross/AER)

    2 years
    Annual interest rate %(Gross/AER)

    Sterling

    £10,000+

    6 monthsAnnual interest rate %(Gross/AER)

    3.40

    1 YearAnnual interest rate %(Gross/AER)

    3.40

    2 yearsAnnual interest rate %(Gross/AER)

    3.20

    Sterling

    £50,000+

    6 monthsAnnual interest rate %(Gross/AER)

    3.45

    1 YearAnnual interest rate %(Gross/AER)

    3.40

    2 yearsAnnual interest rate %(Gross/AER)

    3.30

    Sterling

    £250,000+

    6 monthsAnnual interest rate %(Gross/AER)

    3.50

    1 YearAnnual interest rate %(Gross/AER)

    3.40

    2 yearsAnnual interest rate %(Gross/AER)

    3.30

    Sterling

    £500,000+

    6 monthsAnnual interest rate %(Gross/AER)

    3.50

    1 YearAnnual interest rate %(Gross/AER)

    3.45

    2 yearsAnnual interest rate %(Gross/AER)

    3.35

    Sterling

    £1,000,000+

    6 monthsAnnual interest rate %(Gross/AER)

    3.55

    1 YearAnnual interest rate %(Gross/AER)

    3.45

    2 yearsAnnual interest rate %(Gross/AER)

    3.35

    US Dollar:

    US Dollar

    US Dollar

    6 months
    Annual interest rate %(Gross/AER)

    1 Year
    Annual interest rate %(Gross/AER)

    2 years
    Annual interest rate %(Gross/AER)

    US Dollar

    $10,000+

    6 monthsAnnual interest rate %(Gross/AER)

    2.65

    1 YearAnnual interest rate %(Gross/AER)

    2.80

    2 yearsAnnual interest rate %(Gross/AER)

    2.80

    US Dollar

    $50,000+

    6 monthsAnnual interest rate %(Gross/AER)

    3.10

    1 YearAnnual interest rate %(Gross/AER)

    3.00

    2 yearsAnnual interest rate %(Gross/AER)

    2.90

    US Dollar

    $100,000+

    6 monthsAnnual interest rate %(Gross/AER)

    3.30

    1 YearAnnual interest rate %(Gross/AER)

    3.15

    2 yearsAnnual interest rate %(Gross/AER)

    3.00

    US Dollar

    $250,000+

    6 monthsAnnual interest rate %(Gross/AER)

    3.40

    1 YearAnnual interest rate %(Gross/AER)

    3.25

    2 yearsAnnual interest rate %(Gross/AER)

    3.00

    US Dollar

    $500,000+

    6 monthsAnnual interest rate %(Gross/AER)

    3.45

    1 YearAnnual interest rate %(Gross/AER)

    3.25

    2 yearsAnnual interest rate %(Gross/AER)

    3.00

    US Dollar

    $1,000,000+

    6 monthsAnnual interest rate %(Gross/AER)

    3.45

    1 YearAnnual interest rate %(Gross/AER)

    3.30

    2 yearsAnnual interest rate %(Gross/AER)

    3.00

    Euro:

    Euro

    Euro

    6 months
    Annual interest rate %(Gross/AER)

    1 Year
    Annual interest rate %(Gross/AER)

    2 years
    Annual interest rate %(Gross/AER)

    Euro

    €10,000+

    6 monthsAnnual interest rate %(Gross/AER)

    0.60

    1 YearAnnual interest rate %(Gross/AER)

    0.90

    2 yearsAnnual interest rate %(Gross/AER)

    1.25

    Euro

    €50,000+

    6 monthsAnnual interest rate %(Gross/AER)

    1.50

    1 YearAnnual interest rate %(Gross/AER)

    1.50

    2 yearsAnnual interest rate %(Gross/AER)

    1.50

    Important information

    • We will open a fee-free servicing account (Money Market Call Account) to allow you to    
      • Make your initial deposit.
      • Withdraw your money at the end of the term.
    • The interest rates advertised are not fixed until receipt of your deposit and any supporting documentation required to open your Fixed Term Deposit.
    • No additional deposits are allowed

    For accounts opened on or after the 2nd September 2024

    At the end of the term, we will pay the entire balance of the account to the servicing account.

    For accounts opened before the 2nd September 2024

    At the end of term we will:

    • for accounts where the term is less than 12 months, reinvest the entire balance of the account in a new Fixed Term Deposit account with a term that is the same and at the new rate of interest that applies on the date of reinvestment
    • for accounts where the term is 12 months or more, pay the entire balance of the account to the servicing account.

    Definitions:

    • Gross rate: is the contractual rate of interest payable before deduction of income tax at the rate specified by law.
    • AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advertisement for a savings product which quotes an interest rate will include an AER, it makes it easier for you to compare what return you can expect from your savings over time.

Open a Fixed Term Deposit account

 

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Eligibility checker

Depending on legislation and regulations of the country you live in, we may not be able to offer you this account.

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Eligibility checker

Depending on legislation and regulations of the country you live in, we may not be able to offer you this account.

Check your eligibility

Let’s look at the details

  • There is no fee for opening and holding a Fixed Term Deposit. There may be fees for early closures, and these are detailed within your terms and conditions.

  • We currently offer Fixed Term Deposits for 6 months to 2 years in Sterling, US Dollar and Euro. Other terms and currencies may be available on request. 

  • We will open you a Call Account for each currency you hold a Fixed Term Deposit in but you don't need to maintain the usual minimum deposit in this account. It just allows you to deposit money into your Fixed Term Deposit and withdraw it at maturity.

  • The interest rate is fixed for the whole term of your Fixed Term Deposit. Any subsequent changes in the interest rate will only affect new Fixed Term Deposits.

  • You can’t make withdrawals from this account, but you can close the account early by contacting us. Bear in mind that if you close the account early, for the one year term account you’ll be charged the equivalent of 90 days’ gross interest. For the two year term account you’ll be charged the equivalent of 180 days’ gross interest. This means you may get back less than you put in. 

    At the end of the term we will contact you to explain your options and next steps.

  • Please note there are separate versions of the terms and conditions documents for

    • accounts which until 1 August 2022 were held with Lloyds Bank (International Services) Limited (LBISL)
    • all other accounts held with Lloyds Bank Corporate Markets plc (LBCM) which were NOT held with Lloyds Bank (International Services) Limited accounts until 1 August 2022.

    Customer Relationship Agreement – LBCM (PDF, 383KB) [excluding accounts which until 1 August 2022 were held with Lloyds Bank (International Services) Limited]

    Customer Relationship Agreement – Ex-LBISL (PDF, 313KB) [for Lloyds Bank Corporate Markets plc accounts which until 1 August 2022 were held with Lloyds Bank (International Services) Limited]

    Account terms and conditions PDF - LBCM (PDF, 226KB) [excluding accounts which until 1 August 2022 were held with Lloyds Bank (International Services) Limited]

    Account terms and conditions – Ex-LBISL (PDF, 324KB) [for Lloyds Bank Corporate Markets plc accounts which until 1 August 2022 were held with Lloyds Bank (International Services) Limited]

Depositor compensation schemes

Schemes vary depending on where your account is held.

Learn about the schemes

Read more information about depositor compensation schemes.

About the schemes

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