Opening this account
You can open and manage your account:
- Existing customers can open online, in app, by phone, or in branch.
- New customers open online only.
- Manage your account online, in app, by phone or in branch.
You can open this account if you:
- are 18 or over
- are a UK resident
- have not opened a Club Lloyds Monthly Saver or a Monthly Saver in the last 12 months.
- have a qualifying current account with us. For more information, view our eligible current accounts.
If your Club Lloyds current account is a Mayfair or Private Banking account, you’ll need to call us to apply.
You can only have either 1 Club Lloyds Monthly Saver or Monthly Saver account, held either in your sole name or jointly but not both.
How to pay into this account
You can save £25 to £250 every month by 1 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 £250. The amount that you save each month can vary but needs to stay between the £25 to £250 monthly limit.
When you can open another Club Lloyds Monthly Saver
You can only open 1 Club Lloyds Monthly Saver or Monthly Saver every 12 months.
If you close the account within 12 months of opening it, you won’t be able to open another 1 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 £250 each month. Remember to cancel your old standing order unless you want to keep saving into the Standard Saver.
