Fixed Term Deposits

Sterling and US Dollar

Annual interest rate (Gross/AER)

Select currency:

Sterling:

US Dollar:

Euro:

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.
• You can't withdraw your money before the end of the fixed term. We will take your circumstances into account and may make an exception in a special case but there will be a charge and you may potentially lose some of your capital deposited.
• No additional deposits are allowed

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.

You're eligible if:

• You are aged 18 or over.
• You can deposit a minimum of £10,000, $10,000 or €10,000 in the account.

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

1 Year term is not available for Irish residents.

Check eligibility

There is no fee for opening and holding a Fixed Term Deposit.

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

1. accounts which until 1 August 2022 were held with Lloyds Bank (International Services) Limited (LBISL) and 
2. 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]

We currently offer Fixed Term Deposits for 1 month to 1 year 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.

Yes, 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 withdraw your money before the end of the fixed term, though we will take your circumstances into account and may make an exception in a special case but there will be a charge and you may potentially lose some of your capital deposited.