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Private Banking rates

Bank of England Bank Rate changed from 0.50% to 0.75% on 2nd August 2018
For Private Banking Offset Accounts Planned Overdraft rates linked to Bank of England Bank Rate will increase by 0.25% from 1st November 2018.

Find out how this may affect you

Interest paid before 6 April 2016 will have been paid net (unless you registered the account with us to receive gross interest). Net is the rate of interest payable after allowing for the deduction of income tax at the rate specified by law (currently 20%).

Post 6 April 2016 your interest will be paid Gross, this means that we will not deduct tax automatically from your interest. Depending on your personal circumstances, you may need to pay tax on the interest you earn and it will be your responsibility to pay any tax you may owe to HM Revenue and Customs (HMRC).

View our Private Banking or Mayfair historical rates (PDF)

Please see Glossary at the bottom of the page for definitions.

Details of charges for Private Banking products and services are available on Important Informationfor Lloyds Bank Private Banking or on request.

Club Lloyds Private Banking

(Interest is calculated daily, and paid monthly into your account)
Balances between
AER % Gross %
£1 & £5,000 1.5%
1.49%

These interest rates are correct as at 01/07/2018.

The interest rate applies to your whole balance up to £5,000. No interest is paid on amounts over £5,000.

Club Lloyds Private Banking Premier

(Interest is calculated daily, and paid monthly into your account)
Balances between
AER % Gross %
£1 & £5,000 1.5%
1.49%

These interest rates are correct as at 01/07/2018.

The interest rate applies to your whole balance up to £5,000. No interest is paid on amounts over £5,000.

Club Lloyds Mayfair High Interest Cheque Account and Club Lloyds Mayfair Current Account

(Variable annual credit interest rate, interest paid monthly)
Balances between
AER % Gross %
£1 & £5,000 1.5%
1.49%
Over £5,000 0.35% 0.35%

These interest rates are correct as at 01/07/2018.

The rates apply to amounts up to £5,000.00. Any amount over £5,000.00 will earn interest of 0.35% gross/AER. For more information please refer to your terms and conditions.

Mayfair High Interest Cheque Account

Amount invested
Variable annual credit interest rate, interest paid monthly
AER % Gross %
£1+
0.35%
0.35%

These interest rates are correct as at 09/01/2017.

Where a Mayfair High Interest Cheque Account is linked to a Mayfair Offset Account no interest is payable.

Mayfair Current Account – Overdraft Rates (Personal and Non-Personal)

  Planned Unplanned
Personal Accounts
0.79% a month / 9.90% EAR
0.79% a month / 9.90% EAR
Non Personal Accounts
0.79% a month / 9.90% EAR
1.66% a month / 21.82% EAR

These interest rates are correct as at 02/11/2011.

The approved overdraft rate on the Mayfair Offset Account is the same as the Lloyds Bank Mortgage Offset rate, currently Bank of England Base Rate + 0.9%.

Representative example

If you use a Planned Overdraft limit of £1,200 on our Personal and Non-Personal accounts the interest rate we charge will be 9.9% EAR variable. All debit interest below £10 in any month will be waived. Debit interest of £10 or more in any month will be charged in full.

Mayfair Current Account (Non Personal)

Amount Invested AER/Gross % Gross %
£100,000+ 0.00 0.00
£50,000+ 0.00 0.00
£20,000+ 0.00 0.00
£5,000+ 0.00 0.00
£1+ 0.00 0.00

These interest rates are correct as at 01/03/2004.

Where a Mayfair Current Account is linked to Lloyds Bank Offset no interest is payable.

Mayfair Instant Access Investment Account

Amount Invested Annual Interest Rate Paid
Monthly Interest Rate Paid
AER/Gross % AER % Gross %
*£5,000,000+ 0.50 0.50 0.50
£1- £5,000,000
0.35 0.35 0.35

Interest rate from 12/06/18. Interest rates are variable.

The rates shown apply to the whole balance where the balance is up to £5,000, 000. *Interest of 0.50%  AER/Gross p.a. will apply to any amount over £5,000,000

Where a Mayfair Instant Access Investment account is linked to Lloyds Bank Offset, no interest is payable.

Mayfair Non Personal Instant Access Investment Account

Amount Invested Annual Interest Rate Paid
Monthly Interest Rate Paid
AER/Gross % AER % Gross %
*£5,000,000+ 0.50 0.50 0.50
£1 - £5,000,000
0.35 0.35 0.35

Interest rate from 12/06/18. Interest rates are variable.

The rates shown apply to the whole balance where the balance is up to £5,000, 000. *Interest of 0.50%  AER/Gross p.a. will apply to any amount over £5,000,000

Mayfair Fixed Term Deposits

Interest Paid on Balances of £1+

Maturity dateRate paid AER/Gross %
12/01/2017, 16/01/2017, 18/01/2017, 19/01/2017, 27/01/2017 1.15%
17/02/2017 4.54%
20/02/2017 1.15%
23/02/2017 1.12%
16/10/2017, 11/12/2017, 18/12/2017, 15/01/2018, 01/02/2018, 12/02/2018 1.35%
10/12/2018 1.60%
14/01/2019 1.70%

Private Banking Capital Account

Amount Invested AER/Gross % Gross %
£100,000+ 0.10 0.10
£50,000+ 0.10 0.10
£25,000+ 0.10 0.10
£10,000+ 0.10 0.10
£5,000+ 0.10 0.10
£1,000+ 0.10 0.10
£500+ 0.10 0.10
£1+ 0.10 0.10

These interest rates are correct as at 02/03/2009.

Private Banking Current Account

Amount Invested AER/Gross % Gross %
£100,000+ 0.00 0.00
£50,000+ 0.00 0.00
£20,000+ 0.00 0.00
£10,000+ 0.00 0.00
£1+ 0.00 0.00

These rates are correct as at 02/12/2010.

Where a Private Banking Current Account is linked to Lloyds Bank Offset, no interest is available.

Private Banking Current Account overdraft rates

Interest Tiers % per month % EAR
£151+ (Planned and Unplanned) 1.3 16.77

These rates are correct as at 01/12/2007.

Private Banking Premier Accounts overdraft rates

Interest Tiers % Per month % EAR
£601+ (Planned & Unplanned) 0.87 10.96

These interest rates are correct as at 02/10/2012.

Where a Private Banking Premier account is linked to Lloyds Bank Offset, the Planned and Unplanned Overdraft rates are the same as the Lloyds Bank Offset Mortgage rate, of Base Rate + 0.9%.

Private Banking Premier Current Account

(Credit interest paid annually)
Amount Invested
AER % Gross %
£50,000+ 0.00 0.00
£1 - £49,999 0.00 0.00

These interest rates are correct as at 02/12/2010.

Where a Private Banking Current Account is linked to Lloyds Bank Offset, no interest is payable.

Private Banking Flexible Current Account

Amount InvestedAER/Gross %Gross %
£100,000+ 0.00 0.00
£50,000+ 0.00 0.00
£20,000+ 0.00 0.00
£10,000+ 0.00 0.00
£1+ 0.00 0.00

These interest rates are correct as at 24/03/2014.

Private Banking Flexible Current Account and Club Lloyds Private Banking Account – debit interest rate

The debit interest on Planned Overdrafts is made up of the Bank of England Bank Rate plus a margin rate we will agree with you. You may need to provide security in the form of assets. You may also need to pay an arrangement fee. The rate we set for Unplanned Overdrafts is 22.5% per annum over the Bank of England Bank Rate where the Planned Limit is more than £25k. Where there is no Planned limit or the Planned limit is up to and including £25k the rate for Unplanned Overdrafts is 10.44% per annum / 10.96% EAR.

Private Banking Premier Investment Account

New Period Annual Interest Rate Paid Monthly Interest Rate Paid
AER/Gross % AER %Gross %
£1+ 0.35 0.35 0.35

Interest rate from 01/12/17. Interest rates are variable.

Where a Private Banking Premier Investment account is linked to Lloyds Bank Offset, no interest is payable.

Private Banking Premier Plus Account

(Credit interest paid monthly)
Amount Invested
AER %Gross %
£5,000.01+ 0.10 0.10
£1 - £5,000 4.00 3.93

These interest rates are correct as at 01/04/2009.

Where a Private Banking Premier Plus account is linked to Lloyds Bank Offset, no interest is payable.

Estate/Trust Cash Account

Amount Invested AER/Gross % Gross %
£50,000+ 0.10 0.10
£10,000+ 0.10 0.10
£5,000+ 0.10 0.10
£500+ 0.10 0.10
£1+ 0.10 0.10

These interest rates are correct as at 01/12/2008.

Estate/Trust Cash Account – debit interest rate

  Annual Rate
Payable Half Yearly Base+3 %

These interest rates are correct as at 01/12/2006.

Estate/Trust Extra Interest Account

Amount Invested AER/Gross % Gross %
£100,000+ 0.10 0.10
£50,000+ 0.10 0.10
£25,000+ 0.10 0.10
£10,000+ 0.10 0.10
£5,000+ 0.10 0.10
£500+ 0.10 0.10
£1+ 0.10 0.10

These interest rates are correct as at 02/03/2009.

Estate/Trust Extra Interest Account – debit interest rate

  Annual Rate
Payable Half Yearly Base+2 %

These interest rates are correct as at 08/11/2001.

Estate/Trust Income Account

Amount Invested AER/Gross % Gross %
All Balances 0.10 0.10

These interest rates are correct as at 01/12/2008.

Estate/Trust Income Account – debit interest

  Annual Rate
Payable Half Yearly Base+3 %

These interest rates are correct as at 08/11/2001.

Mayfair Investment Management Income Account

Amount Invested AER/Gross % Gross %
All Balances 0.10 0.10

These interest rates are correct as at 01/12/2008.

Unit Trust Management Service

Account type
AER/Gross % Gross %
Capital Account 0.10 0.10
Income Account 0.10 0.10

These interest rates are correct as at 01/12/2008.

Private Banking Matured Market Linked Deposit Cash ISA

Amount InvestedAnnual Interest Rate Paid
Monthly Interest Rate Paid
AER/Gross %AER%Gross%
£1+ 1.00 1.00 1.00

Applicable to accounts after the 28/07/2014.

Private Banking Matured Funds

Amount InvestedAnnual Interest Rate Paid
Monthly Interest Rate Paid
AER/Gross %AER%Gross%
£1+ 0.25 0.25 0.25

Applicable to accounts after the 19/12/2014.

Credit glossary

AERCloseAERAER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advert for a savings product will contain an AER you can compare more easily what return you can expect from your savings over time.

Gross rateCloseGross RateGross rate means that we will not deduct tax automatically from your interest. You are responsible for paying any tax due to HM Revenue and Customs.

Debit glossary

APRCloseAPR (annual percentage rate)The APR (annual percentage rate) gives you a single figure that includes the actual interest rate over the life of the loan as well as all the normal costs (such as administration fees or annual charges). It doesn't include additional charges such as fees for early or late repayment.

EARCloseEAR (effective annual rate)EAR means Effective Annual Rate and is the rate we use for overdrafts which are repayable on demand. This rate shows the effect of interest accruing on interest, where no repayments to the overdraft are made in a year. It does not take into account any additional charges - for example monthly or daily fees for using an Unplanned Overdraft that may be due.

Representative ratesCloseRepresentative ratesThe representative APR is the rate you will see in advertisements. This is the APR that the lender applies to most successful loan applicants, but isn't necessarily the rate you'll be offered. Lenders have to offer the representative APR rate to at least 51% of borrowers of any particular offer. Depending on your credit history, you may be quoted a lower rate or a higher one.

Total amount repayableCloseTotal amount repayableThis is the total amount of money you have to repay over the entire life of the loan - the amount you borrowed plus all interest charges and fees.

Interest Rate Paid