Club Lloyds Monthly Saver

Take advantage of this exclusive savings rate with our Club Lloyds current account.

Who this account is for

  • Ideal if you want to save regularly for 12 months, get a fixed rate of interest, and have instant access to your money.
  • This exclusive rate is for Club Lloyds current account holders who have not already opened a Club Lloyds Monthly Saver in the last 12 months.
  • You need to be 18 or over and a UK resident.

The benefits

  • Earn 6.25% AER/gross fixed interest. This is paid after 12 months.
  • A fixed interest rate so it won’t change during the term.
  • You can withdraw your money when you like without charge.

How it works

  • Save £25 to £400 every month by one standing order or bank transfer. 
  • You can only have one Club Lloyds Monthly Saver in your sole name or held jointly.
  • After 12 months you'll get your interest and we'll change the account to a Standard Saver. You can then open a new Club Lloyds Monthly Saver and save for another 12 months.

Summary box for Club Lloyds Monthly Saver

  • Earn 6.25% gross/AER fixed on balances of £1 or more for 12 months.

    Your interest is paid 12 months after you open the account.

  • No. This account has a fixed rate of interest so the rate won't change during the term.

  • For example, if you deposit £400.00 every month for 12 months you'll have a balance of £4950.00 after interest is paid.

    This assumes you deposit £400.00 in the middle of each month and you don’t withdraw any money or interest.

    Interest is calculated each day. As your balance is lower at the start of the term and grows after each monthly deposit, your daily interest calculation also slowly increases. At the end of the term your interest deposits into your savings account.

  • Opening this account

    You can open and manage this account:

    • online
    • in our app
    • in branch
    • by phone.

    You can open this account if you:

    • are 18 or over
    • are a UK resident
    • are a Club Lloyds customer
    • have not opened a Club Lloyds Monthly Saver in the last 12 months.

    To be a Club Lloyds customer, you must have one of the following current accounts:

    • Club Lloyds.
    • Club Lloyds Silver.
    • Club Lloyds Gold.
    • Club Lloyds Platinum.
    • Club Lloyds Premier.
    • Club Lloyds Mayfair Current account.
    • Club Lloyds Mayfair High Interest Cheque account.
    • Club Lloyds Private Banking Premier Current account.
    • Club Lloyds Private Banking account.

    If your Club Lloyds current account is a Mayfair or Private Banking account, you’ll need to call us to apply.

    You must make online applications in your sole name. You can make it a joint by going into the branch or calling us after you've opened it.

    You can only open one Club Lloyds Monthly Saver.

    How to pay into this account

    You can save £25 to £400 every month by one standing order or a bank transfer. This needs to reach your account before the 25th of the month.

    You can also make a bank transfer to top up your savings as long as the total amount of your deposits does not exceed the monthly limit of £400. The amount that you save each month can vary but needs to stay between the £25 to £400 monthly limit.

    When you can open another Club Lloyds Monthly Saver

    You can only open one Club Lloyds Monthly Saver every 12 months.

    If you close the account within 12 months of opening it, you won’t be able to open another one until after the anniversary date.

    If you keep your account open, after 12 months you’ll receive your interest and we'll change the account to a Standard Saver. You can then open a new Club Lloyds Monthly Saver and save for another 12 months. Once you have opened your next Club Lloyds Monthly Saver we’ll send you the sort code and account number.

    You'll need to set up a new standing order to this Club Lloyds Monthly Saver account. This needs to be between £25 and £400 each month. Remember to cancel your old standing order unless you want to keep saving into the Standard Saver.

  • Yes. You can make as many withdrawals as you like and there are no charges for doing so. You can transfer money out of the account online, but only to another Lloyds account.

    Keep in mind you may not be able to replace what you withdraw. This is because of the monthly deposit limits.

    After 12 months we'll change the account to a Standard Saver. Before this happens, we'll contact you to explain your options and next steps.

  • Savings terms explained

    AER

    AER stands for Annual Equivalent Rate. Whenever you see an advert for a savings account that shows an interest rate, you'll 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.

    Gross rate

    This means we won’t remove tax from the interest we pay on money in your account. You’ll need to pay any tax you may owe to HM Revenue & Customers (HMRC).

    For more definitions, view our glossary.

Open a Club Lloyds Monthly Saver today

Read the summary box and the terms and conditions (PDF, 52KB) before you start.

We’re making some changes to our conditions on 02 June 2025. For details, see our guide to changes (PDF, 80KB).

 

It's simple in our app

Scan the QR code to get it.

You must be registered for online banking to apply in the app.

Once you’re in, select Apply, Savings then Club Lloyds Monthly Saver.

 

Apply online

Whether you're an existing customer or not, you can apply on our website.

Open account

It's simple in our app

You must be registered for online banking to apply in the app.

Once you’re in, select Apply, Savings, then Club Lloyds Monthly Saver.

Get the app

Apply online

Whether you're an existing customer or not, you can apply on our website.

Open account

Want to join our Club?

Club Lloyds is a current account that offers exclusive benefits. 

You can choose one lifestyle benefit every year plus take advantage of preferential savings rates, mortgage offers and earn credit interest on balances up to £5,000. A £3 monthly fee may apply.

Discover Club Lloyds

Other Club Lloyds savings accounts

Club Lloyds Saver

A savings account for people who want to save as often as they like and have instant access to their money.

Club Lloyds Saver

Club Lloyds Advantage Saver

Ideal if you don’t need to take out money regularly, as you earn a higher interest rate if you make fewer withdrawals.

Club Lloyds Advantage Saver

Club Lloyds Advantage ISA Saver

This is our cash ISA for Club Lloyds customers which pays more interest if you make fewer withdrawals.

Club Lloyds ISA

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