An exclusive instant access savings account for Club Lloyds current account holders.
2.50% gross/AER for any balances over £1.
Your interest is paid a year after you open the account.
This account has a fixed rate of interest. So after you open the account the rate won't change during the 12 month term.
For example, if you deposit £100.00 every month for 12 months you will have a balance of £1215.00 after interest is paid.
This account can be opened and managed:
You can open this account if you:
Online applications can only be made in your sole name, if you’d like the account to be made joint this can be done over the phone or in branch.
Yes. You have instant access to your money.
Please note, if you withdraw money you will not be able to replace it. This is because you can only make the one deposit of £25-£400 each month by your standing order.
If you'll like to transfer money out of the account online, you can only transfer it to another existing Lloyds Bank account.
After 12 months you'll receive your interest and your account will change to an Easy Saver. Before this happens, we'll contact you to explain your options and next steps.
Gross rate means we won’t deduct tax from the interest we pay on money in your account. It’s your responsibility to pay any tax you may owe to HM Revenue & Customs (HMRC).
AER stands for Annual Equivalent Rate. Whenever you see an advert for a savings account which shows an interest rate, you will see the AER. This means you can use the AER to compare accounts. It shows what the interest rate would be if your interest was paid and compounded once each year.
For more definitions, view our glossary.
You can open the account if you:
Please read the summary box and the terms and conditions (PDF) before you start.
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