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Private Banking rates

Bank of England Bank Rate changed from 0.25% to 0.10% on 19th March 2020.

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).

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

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

Club Lloyds Private Banking

Club Lloyds Private Banking

(Interest is calculated daily, and paid monthly into your account)

Balances between

AER %

Gross %

(Interest is calculated daily, and paid monthly into your account)Balances between

£1 - £3,999.99

AER %

1.00%

Gross %

0.99%

(Interest is calculated daily, and paid monthly into your account)Balances between

£4,000 - £5,000

AER %

2.00%

Gross %

1.98%

These interest rates are correct as at 01/10/2019.

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

Advance notice of interest rate change:

From 1 October 2020, the variable rates of interest which you can earn on credit balances are changing.

The current interest rate of 1.00% AER (0.99% gross p.a.), payable on the part of any balance from £1 to £3,999.99, is changing to 0.60% AER/gross p.a.

The current rate of 2.00% AER (1.98% gross p.a.), payable on the part of any balance from £4,000 up to and including £5,000, is changing to 1.50% AER (1.49% gross p.a.).

Please see the Guide to Changes  (PDF) more information.

Club Lloyds Private Banking Premier

Club Lloyds Private Banking Premier

(Interest is calculated daily, and paid monthly into your account)
Balances between

AER %

Gross %

(Interest is calculated daily, and paid monthly into your account)Balances between

£1 - £3,999.99

AER %

1.00%

Gross %

0.99%

(Interest is calculated daily, and paid monthly into your account)Balances between

£4,000 - £5,000

AER %

2.00%

Gross %

1.98%

These interest rates are correct as at 01/10/2019.

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

Advance notice of interest rate change:

From 1 October 2020, the variable rates of interest which you can earn on credit balances are changing.

The current interest rate of 1.00% AER (0.99% gross p.a.), payable on the part of any balance from £1 to £3,999.99, is changing to 0.60% AER/gross p.a.

The current rate of 2.00% AER (1.98% gross p.a.), payable on the part of any balance from £4,000 up to and including £5,000, is changing to 1.50% AER (1.49% gross p.a.).

Please see the Guide to Changes (PDF) for more information.

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

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 %

(Variable annual credit interest rate, interest paid monthly)Balances between

£1 - £3,999.99

AER %

1.00%

Gross %

0.99%

(Variable annual credit interest rate, interest paid monthly)Balances between

£4,000 - £5,000

AER %

2.00%

Gross %

1.98%

(Variable annual credit interest rate, interest paid monthly)Balances between

Over £5,000

AER %

0.05%

Gross %

0.05%

These interest rates are correct as at 14/07/2020.

The rates apply to amounts up to £5,000.00. Any amount over £5,000.00 will earn interest of 0.05% gross/AER. For more information please refer to your terms and conditions.

Advance notice of interest rate change:

From 1 October 2020, the variable rates of interest which you can earn on credit balances are changing.

The current interest rate of 1.00% AER (0.99% gross p.a.), payable on the part of any balance from £1 to £3,999.99, is changing to 0.60% AER/gross p.a.

The current rate of 2.00% AER (1.98% gross p.a.), payable on the part of any balance from £4,000 up to and including £5,000, is changing to 1.50% AER (1.49% gross p.a.).

Please see the Guide to Changes (PDF) for more information.
 

Mayfair High Interest Cheque Account

Mayfair High Interest Cheque Account

Amount Invested

Variable annual credit interest rate, interest paid monthly - AER %

Variable annual credit interest rate, interest paid monthly - Gross %

Amount Invested

£1+

Variable annual credit interest rate, interest paid monthly - AER %

0.05%

Variable annual credit interest rate, interest paid monthly - Gross %

0.05%

These interest rates are correct as at 14/07/2020.

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)

 

Arranged

Unarranged

 

Personal Accounts (£1200+)

Arranged

0.79% a month / 9.90% EAR

Unarranged

0%

 

Non Personal Accounts

Arranged

0.79% a month / 9.90% EAR

Unarranged

1.66% a month / 21.82% EAR

These interest rates are correct as at 06/04/2020.

The arranged 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%.

Mayfair Current Account (Non Personal)

Mayfair Current Account (Non Personal)

Amount Invested

AER/Gross %

Gross %

Amount Invested

£100,000+

AER/Gross %

0.00

Gross %

0.00

Amount Invested

£50,000+

AER/Gross %

0.00

Gross %

0.00

Amount Invested

£20,000+

AER/Gross %

0.00

Gross %

0.00

Amount Invested

£5,000+

AER/Gross %

0.00

Gross %

0.00

Amount Invested

£1+

AER/Gross %

0.00

Gross %

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

Mayfair Instant Access Investment Account

Amount Invested

Annual Interest Rate Paid - AER/Gross %

Monthly Interest Rate Paid - AER/Gross %

Amount Invested

*£10,000,000+

Annual Interest Rate Paid - AER/Gross %

0.45

Monthly Interest Rate Paid - AER/Gross %

0.45

Amount Invested

*£5,000,000 - £10,000,000

Annual Interest Rate Paid - AER/Gross %

0.30

Monthly Interest Rate Paid - AER/Gross %

0.30

Amount Invested

£1- £5,000,000

Annual Interest Rate Paid - AER/Gross %

0.05

Monthly Interest Rate Paid - AER/Gross %

0.05

Interest rate from 09/04/2020. Interest rates are variable.

The rates shown apply to the whole balance where the balance is up to £5,000, 000. *Interest of 0.30%AER/Gross p.a. will apply to any amount over £5,000,000 and up to £10,000,000. **Interest of 0.45% AER/Gross p.a. will apply to any amount over £10,000,000.

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

Mayfair Non Personal Instant Access Investment Account

Mayfair Non Personal Instant Access Investment Account

Amount Invested

Annual Interest Rate Paid - AER/Gross %

Monthly Interest Rate Paid - AER/Gross %

Amount Invested

*£5,000,000+

Annual Interest Rate Paid - AER/Gross %

0.30

Monthly Interest Rate Paid - AER/Gross %

0.30

Amount Invested

£1 - £5,000,000

Annual Interest Rate Paid - AER/Gross %

0.05

Monthly Interest Rate Paid - AER/Gross %

0.05

Interest rate from 09/04/2020. Interest rates are variable.

The rates shown apply to the whole balance where the balance is up to £5,000, 000. *Interest of 0.30% AER/Gross p.a. will apply to any amount over £5,000,000

Mayfair Fixed Term Deposits

Interest Paid on Balances of £1+

Mayfair Fixed Term Deposits

Maturity date

Rate paid AER/Gross %

Maturity date

12/01/2017, 16/01/2017, 18/01/2017, 19/01/2017, 27/01/2017

Rate paid AER/Gross %

1.15%

Maturity date

17/02/2017

Rate paid AER/Gross %

4.54%

Maturity date

20/02/2017

Rate paid AER/Gross %

1.15%

Maturity date

23/02/2017

Rate paid AER/Gross %

1.12%

Maturity date

16/10/2017, 11/12/2017, 18/12/2017, 15/01/2018, 01/02/2018, 12/02/2018

Rate paid AER/Gross %

1.35%

Maturity date

10/12/2018

Rate paid AER/Gross %

1.60%

Maturity date

14/01/2019

Rate paid AER/Gross %

1.70%

Private Banking Capital Account

Private Banking Capital Account

Amount Invested

AER/Gross %

Gross %

Amount Invested

£100,000+

AER/Gross %

0.10

Gross %

0.10

Amount Invested

£50,000+

AER/Gross %

0.10

Gross %

0.10

Amount Invested

£25,000+

AER/Gross %

0.10

Gross %

0.10

Amount Invested

£10,000+

AER/Gross %

0.10

Gross %

0.10

Amount Invested

£5,000+

AER/Gross %

0.10

Gross %

0.10

Amount Invested

£1,000+

AER/Gross %

0.10

Gross %

0.10

Amount Invested

£500+

AER/Gross %

0.10

Gross %

0.10

Amount Invested

£1+

AER/Gross %

0.10

Gross %

0.10

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

Private Banking Current Account

Private Banking Current Account

Amount Invested

AER/Gross %

Gross %

Amount Invested

£100,000+

AER/Gross %

0.00

Gross %

0.00

Amount Invested

£50,000+

AER/Gross %

0.00

Gross %

0.00

Amount Invested

£20,000+

AER/Gross %

0.00

Gross %

0.00

Amount Invested

£10,000+

AER/Gross %

0.00

Gross %

0.00

Amount Invested

£1+

AER/Gross %

0.00

Gross %

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 Accounts overdraft rates

Private Banking Current Accounts overdraft rates

Interest Tiers

% Per month

% EAR

Interest Tiers

£151+ (Arranged)

% Per month

1.3

% EAR

16.77

These interest rates are correct as at 06/04/2020.

Private Banking Premier Accounts overdraft rates

Private Banking Premier Accounts overdraft rates

Interest Tiers

% Per month

% EAR

Interest Tiers

£601+ (Arranged)

% Per month

1.16

% EAR

14.90

These interest rates are correct as at 06/04/2020.

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

Private Banking Premier Current Account

Private Banking Premier Current Account

(Credit interest paid annually)
Amount Invested

AER %

Gross %

(Credit interest paid annually)Amount Invested

£50,000+

AER %

0.00

Gross %

0.00

(Credit interest paid annually)Amount Invested

£1 - £49,999

AER %

0.00

Gross %

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

Private Banking Flexible Current Account

Amount Invested

AER/Gross %

Gross %

Amount Invested

£100,000+

AER/Gross %

0.00

Gross %

0.00

Amount Invested

£50,000+

AER/Gross %

0.00

Gross %

0.00

Amount Invested

£20,000+

AER/Gross %

0.00

Gross %

0.00

Amount Invested

£10,000+

AER/Gross %

0.00

Gross %

0.00

Amount Invested

£1+

AER/Gross %

0.00

Gross %

0.00

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

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

The debit interest on Arranged Overdrafts is 13.97% per annum / 14.90% EAR. You may need to provide security in the form of assets. You may also need to pay an arrangement fee. 

Private Banking Premier Investment Account

Private Banking Premier Investment Account

New Period

Annual Interest Rate Paid - AER/Gross %

Monthly Interest Rate Paid - AER/Gross %

New Period

£1+

Annual Interest Rate Paid - AER/Gross %

0.05

Monthly Interest Rate Paid - AER/Gross %

0.05

Interest rate from 09/04/2020. 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

Private Banking Premier Plus Account

(Credit interest paid monthly)
Amount Invested

AER %

Gross %

(Credit interest paid monthly)Amount Invested

£5,000.01+

AER %

0.10

Gross %

0.10

(Credit interest paid monthly)Amount Invested

£1 - £5,000

AER %

4.00

Gross %

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

Estate/Trust Cash Account

Amount Invested

AER/Gross %

Gross %

Amount Invested

£50,000+

AER/Gross %

0.10

Gross %

0.10

Amount Invested

£10,000+

AER/Gross %

0.10

Gross %

0.10

Amount Invested

£5,000+

AER/Gross %

0.10

Gross %

0.10

Amount Invested

£500+

AER/Gross %

0.10

Gross %

0.10

Amount Invested

£1+

AER/Gross %

0.10

Gross %

0.10

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

Estate/Trust Cash Account – debit interest rate

Estate/Trust Cash Account – debit interest rate

 

Annual Rate

 

Payable Half Yearly

Annual Rate

Base+3 %

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

Estate/Trust Extra Interest Account

Estate/Trust Extra Interest Account

Amount Invested

AER/Gross %

Gross %

Amount Invested

£100,000+

AER/Gross %

0.10

Gross %

0.10

Amount Invested

£50,000+

AER/Gross %

0.10

Gross %

0.10

Amount Invested

£25,000+

AER/Gross %

0.10

Gross %

0.10

Amount Invested

£10,000+

AER/Gross %

0.10

Gross %

0.10

Amount Invested

£5,000+

AER/Gross %

0.10

Gross %

0.10

Amount Invested

£500+

AER/Gross %

0.10

Gross %

0.10

Amount Invested

£1+

AER/Gross %

0.10

Gross %

0.10

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

Estate/Trust Extra Interest Account – debit interest rate

Estate/Trust Extra Interest Account – debit interest rate

 

Annual Rate

 

Payable Half Yearly

Annual Rate

Base+2 %

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

Estate/Trust Income Account

Estate/Trust Income Account

Amount Invested

AER/Gross %

Gross %

Amount Invested

All Balances

AER/Gross %

0.10

Gross %

0.10

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

Estate/Trust Income Account – debit interest

Estate/Trust Income Account – debit interest

 

Annual Rate

 

Payable Half Yearly

Annual Rate

Base+3 %

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

Mayfair Investment Management Income Account

Mayfair Investment Management Income Account

Amount Invested

AER/Gross %

Gross %

Amount Invested

All Balances

AER/Gross %

0.10

Gross %

0.10

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

Unit Trust Management Service

Unit Trust Management Service

Account type

AER/Gross %

Gross %

Account type

Capital Account

AER/Gross %

0.10

Gross %

0.10

Account type

Income Account

AER/Gross %

0.10

Gross %

0.10

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

Private Banking Matured Market Linked Deposit Cash ISA

Private Banking Matured Market Linked Deposit Cash ISA

Amount Invested

Annual Interest Rate Paid - AER/Gross %

Monthly Interest Rate Paid - AER/Gross %

Amount Invested

£1+

Annual Interest Rate Paid - AER/Gross %

1.00

Monthly Interest Rate Paid - AER/Gross %

1.00

Applicable to accounts after the 28/07/2014.

Private Banking Matured Funds

Private Banking Matured Funds

Amount Invested

Annual Interest Rate Paid - AER/Gross %

Monthly Interest Rate Paid - AER/Gross %

Amount Invested

£1+

Annual Interest Rate Paid - AER/Gross %

0.25

Monthly Interest Rate Paid - AER/Gross %

0.25

Applicable to accounts after the 19/12/2014.

Credit glossary

AERAERAER 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 rateGross 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

APRAPR (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.

EAREAR (effective annual rate)EAR is the annual interest rate of an overdraft. This means you are charged over the year based on how often and how much you are overdrawn by, and the effect of compounding it – charging interest on interest already charged. This does not include any other fees and charges.

Representative ratesRepresentative 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 repayableTotal 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

Important legal information

Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.

Telephone calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help us improve our quality of service.

PhoneBank® is a registered trademark of Lloyds Bank plc.