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Island Future Account

If you have children aged between 11 and 17 who are looking for a bank account that's flexible and easy to use, then our Island Future account is ideal. It’s designed for customers in Jersey, Guernsey, Alderney and the Isle of Man.

Features and benefits

  • You can pay in and take out money whenever you want at your local branch.
  • When you are 11 you can apply for a Lloyds Bank International Cashpoint® card so that you can withdraw money from our cash machines. You can also apply for a Debit card to purchase goods in many shops.
  • Variable interest rate - interest is calculated on your balance daily and paid into your account twice a year without tax being deducted.
  • When you are 16, standing orders and direct debits can be set up free of charge.
  • Available in Sterling.

Eligibility

If you are a personal customer aged between 11 and 17 resident in the Channel Islands or Isle of Man you can open an Island Future Account.

Current interest rate

Interest on credit balances (paid half yearly)

% per annum gross rateThe contractual rate of interest payable before deduction of income tax at the rate specified by law.

% per annum AERAER rate stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year./variable

Interest on credit balances (paid half yearly)

£1+

% per annum gross rateThe contractual rate of interest payable before deduction of income tax at the rate specified by law.

0.20

% per annum AERAER rate stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year./variable

0.20

For previous interest rates, contact your local branch.

  • Returned item

    Where you do not have enough available money to make a payment and we do not agree to give you or extend an Unplanned Overdraft, you will not be able to make that payment.

    We will write to tell you we have declined your request. We will charge you the following fee:

    Returned item fee

    Returned item fee

    £10 for each item. We will charge you up to a maximum of three Returned Item Fees a day. This fee will not be charged if the amount of the payment that we decline is £10 or less.

    Using other servicesPlease note the information in this section applies to customers with sterling accounts only. Please contact us if you have a Euro account or US dollar account.

    Service

    Charges

    Service

    Stopped cheque

    Charges

    Free

    Service

    Special cheque presentation

    Charges

    £15

    Returned cheque

    Service

    Charges

    Service

    If a cheque paid into your account is returned to us unpaid by another bank or branch.

    Charges

    Free

    Statements

    Service

    Charges

    Service

    We will send you regular account statements free of charge.

    Charges

    Free

    Service

    If you order an extra statement at a Lloyds  Bank Cashpoint.

    Charges

    Free

    Service

    Duplicate statements

    Charges

    £5 per request

    Service

    Banker’s draft/cheque (sterling)

    Charges

    £10

    Service

    Holding envelopes and parcels

    Charges

    This service is no longer available. Existing users please contact the branch:

    Jersey: 01534 845436 or 01534 845269
    Guernsey: 01481 706317
    Isle of Man: 01624 697113
    Alderney: 01481 822340

    Service

    When we buy from you Sterling American Express or other currency travellers cheques which you bought from us.

    Charges

    Free

    Service

    When we buy travellers cheques or foreign currency from you.

    Charges

    1.5% (minimum £3)

    Service

    If you have a Premier or Executive Gold Debit Card.

    Charges

    Free

    Service

    If you have a Student or Graduate account.

    Charges

    Free

    Service

    When you buy travellers cheques or foreign currency using a Lloyds Bank Premier, Platinum, Gold or Classic Credit Card.

    Charges

    Free

    Cashpoint® and debit card chargesPlease note the information in this section applies to customers with sterling accounts only. Please contact us if you have a Euro account or US dollar account.

    When you take out cash

    Charges

    When you take out cash

    From Lloyds Bank Cashpoint

    Charges

    Free

    When you take out cash

    LINK machines.

    LINK machines will give you an advance, on-screen warning about any charges that may apply. This warning will tell you who’s making the charge. You will then be given the option to continue or cancel the transaction.

    Charges

    Lloyds Bank does not levy a charge but the owner of the machine may.

    When you take out cash

    From non-LINK cash machines in the British Isles and worldwide displaying the Visa sign, or over the counter at another bank or any other outlet displaying the Visa sign.

    Charges

    Using your Lloyds debit card or Cashpoint® card

    If you use your card to withdraw cash or make a payment in a currency other than sterling, the amount is converted to sterling on the day it is processed by Visa using the Visa Payment Scheme exchange rate on the day. We will charge you a non-sterling transaction fee of 2.99% of the value of the transaction. This is a fee for currency conversion. We will also charge you a non-sterling cash fee of £1.50, except for withdrawals of Euro inside the EEA where you will not be charged a non-sterling cash fee. Where you elect to allow the cash machine operator/financial service provider to make the conversion to sterling we will only charge a foreign cash fee of £1.50, except for withdrawals of Euro inside the EEA where you will not be charged a foreign cash fee. The provider of the foreign currency may make a separate charge for conversion.

    The European Economic Area (EEA) means the countries in the European Union plus Iceland, Norway and Liechtenstein.

    When you use your card to buy foreign currency or travellers cheques:

    Charges

    When you use your card to buy foreign currency or travellers cheques:

    From our branches

    Charges

    No handling charge

    When you use your card to buy foreign currency or travellers cheques:

    From any other bank, travel agent, bureau de change or other outlet displaying the Visa sign within the UK, Channel lslands and Isle of Man.

    Charges

    Using your Lloyds debit card or Cashpoint® card

    Lloyds Bank does not make a charge but the provider of the foreign currency or travellers cheques may make a charge.

    All transactions abroad

    Service

    Charges

    Service

    Cash withdrawals and purchases made in a currency other than sterling (including those made online or on the phone) are also subject to:

    Charges

    Non-sterling transaction fee of 2.99% of the value of the transaction.

    Service

    Mini statements

    Charges

    Free

    Service

    Requesting a receipt

    Charges

    Free

    Administration fees

    We’ll be happy to respond when you ask us for help with managing your day-to-day banking – at no charge.

    But, if we have to spend a significant amount of time on a specific area, then, like professional advisers, we may charge a fee. If this seems likely, we will agree it with you before you are committed.

This product is designed for customers living in the Channel Islands or the Isle of Man.

Information on our current accounts for customers in the United Kingdom.

Frequently asked questions

Current accounts

Browse and compare all of our current accounts. 

How to apply

Use our contact form or call us to make an appointment.

Branch finder

Find your local team in Jersey, Guernsey, Alderney or the Isle of Man and arrange a visit.