Lloyds launches leading instant access Monthly Saver account, paying 8%
Published on: 14 July 2026 | 2 min read
- Lloyds Monthly Saver now pays leading 8% AER in the first year
- Customers can save between £25 and £250 a month, with the 8% fixed rate guaranteed for the first 12 months
- Designed to help people build a regular savings habit
- Maxed out, customers can save £3,120, including interest
- Customers can open another Monthly Saver as soon as the first one matures
Lloyds customers can now get a leading savings rate, with the launch of a new instant access Monthly Saver, paying 8% AER.
Lloyds’ new Monthly Saver is aimed at people who want to save regularly and get rewarded for doing so, with the 8% rate designed to help their money work harder.
Customers can put between £25 and £250 a month in the account.
Savers who put away the maximum amount each month can earn £120 interest, a real boost on the £3,000 they’ve put away over the course of the 12 months.
How does the Lloyds 8% AER Monthly Saver work?
It’s easy to open Lloyds’ new 8% AER Monthly Saver:
Have a Lloyds bank account
Open the account - the minimum payment needed is £25
Save between £25 and £250 – this needs to be by the 25th of each month
Customers can hold one Monthly Saver, or one Club Lloyds Monthly Saver, in sole or joint names, in any 12-month period.
- After 12 months, the interest will be paid into the account and it will change to a Standard Saver.
- Customers can immediately open another Monthly Saver, if they would like to do.
Savers will get most out of the account when they save monthly and keep the money in the account but, as the account is instant access, money can be taken out at any time, if this is needed.
Who can have the Lloyds 8% AER Monthly Saver?
The award-winning Monthly Saver is available to Lloyds current account holders, who are over 16, UK residents and haven’t opened another Lloyds Monthly Saver within the last 12 months.
What other Rewards does Lloyds offer?
No UK bank rewards their customers more than Lloyds, who have a huge range of prizes and discounts on offer. Customers can pop into the Rewards space on their app and simply tap to activate an offer or enter a prize draw:
- Win £1,000,000 pounds – the biggest prize available from a UK bank, Lloyds are currently running a draw for customers to win one million pounds, alongside a range of other cash prizes. More information available here.
- Students can win the equivalent of a year’s worth of tuition fees, with a prize draw of almost £10,000 available with the Lloyds’ student account. More information available here.
- Plus discounts on Apple products and at other major shops.
- Savers will get most out of the account when they save monthly and keep the money in the account but, as the account is instant access, money can be taken out at any time, if this is needed.
You may also like
