CARING FINANCIALLY FOR THOSE CLOSE TO YOU.
INCOME PROTECTION – PROTECTING YOUR FAMILY
Managing your finances
As a Private Banking customer we will help you build a picture of your situation and outgoings, and help to identify which elements of our banking services best fit your goals.
- Current accounts.
- Savings and deposit accounts.
- Mortgages, loans and overdrafts, subject to status and application.
- Specialist services such as foreign exchange and tailored lending, subject to status and application.
Our services are complemented by Internet, Mobile and Telephone Banking, 24 hours a day*, seven days a week.
*Please note that although our lines are always open, not all Telephone Banking services are available 24 hours a day. There may be limits on payments you can make and we may not be able to start processing all payments instructed out of normal banking hours.
Planning for your children’s future
Education costs are increasing, as well as fees, there are extras such as music lessons and private tuition to consider. University fees and seeing a child into adult life can also be costly. The earlier you save, the more you’ll be able to accumulate in readiness.
Your options could include:
- Term deposits and bonds.
- Managed growth funds.
- Unit and investment trusts.
- lending options for education fees.
Lending is subject to our responsible lending criteria. How much we lend, the period and rate available are subject to our assessment of your circumstances. Specific eligibility criteria and conditions apply for certain types of lending. You must be 18 or over and a UK resident to apply. Lending is subject to status and application. Security may be required. Overdrafts are repayable in full on demand.
Where Financial Planning is required, we will introduce you to Schroders Personal Wealth to help you make investment choices based on your financial goals.
To get advice from Schroders Personal Wealth, you’ll need to have at least £100,000 in savings, investments and/or personal pensions, and/or £100,000 of sole annual income.
Your Schroders Personal Wealth adviser will explain what advice they can give and what products and services this covers and any advice or product charges that apply and agree these with you.
Through our partnership with Schroders Personal Wealth we aim to create best-in-class investment and financial planning for our Private Banking customers.
Please remember that the value of investments, and the income from them, may fall as well as rise. Investors may not receive back the full amount originally invested.
Protecting your family’s finances
With a family, you need to maintain financial stability whilst giving yourself the capacity to cover increasing or unexpected expenses, such as moving home. Being prepared for the unexpected, such as an accident, illness or death, could protect you and your family from sudden and long-term financial hardship.
Building a financial plan that supports your needs and lasts a lifetime is key. Whether you’re starting out or rethinking your situation, we can help lay the cornerstones of a durable financial plan.
Ensuring you have adequate financial protection for you, your family and any dependants is an important element of financial planning.
Some of these options may require financial planning and we will introduce you to Schroders Personal Wealth to help you make choices based on your circumstances.
There are a range of solutions to meet your needs:
- Mortgage payments.*
- Day-to-day funds for your family
- Inheritance tax liability and estate planning.
- Income protection.
- Critical illness.
- Life Assurance.
*YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
To apply for our Private Banking service, you’ll need to have: at least £250,000 in savings and/or investments with Lloyds Bank, and/or at least a £750,000 mortgage with Lloyds Bank.
Important Legal Information
Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales, no. 2065. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under number 119278.