- Open with just £1
- Make unlimited deposits
- You can choose to have your interest paid monthly or annually on the anniversary of the account opening
- Eligible account for Save the Change® - save your pennies when you spend
A variable interest account for Club Lloyds customers with instant access to your money
Please read the summary box before applying
Interest rate | Features and benefits | Keep in mind | Withdrawals | Access |
---|---|---|---|---|
0.60% gross/AER variable on balances over £1,500 for 12 months from account opening. 0.20% gross/AER variable on balances from £1-£1,499 for 12 months from account opening. |
|
|
|
|
0.60% gross/AER variable on balances over £1,500 for 12 months from account opening.
0.20% gross/AER variable on balances from £1-£1,499 for 12 months from account opening.
Features and benefits
Keep in mind
Withdrawals
Access
It’s a variable rate, as shown in the table below
Your balance | Annual interest | |
---|---|---|
Gross | AER | |
£1,500+ |
0.60% |
0.60% |
£1-£1,499 |
0.20% |
0.20% |
Yes.
As this account pays a variable rate of interest the rate can change over time. For example we might review the interest rate if the Bank of England bank rate changes. We’ll always let you know of any planned changes to the rate. Our terms and conditions explain when and how we do this.
Below is an example of what the future balance might be, after interest has been paid:
Initial deposit | Gross rate | Balance at 12 months |
---|---|---|
£1000.00 |
0.20% |
£1002.00 |
£1500.00 |
0.60% |
£1509.00 |
This example assumes that:
This account can be opened and managed in branch, by phone or online.
Opening this account
Managing this account
Yes.
You can make withdrawals from this account and there are no charges for doing so.
If making an online transfer, it can only be made to an existing Lloyds Bank account.
After 12 months the account will automatically change to a Standard Saver. See Standard Saver interest rates (pdf).
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 and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advertisement for a savings product which quotes an interest rate will include an AER, it makes it easier for you to compare what return you can expect from your savings over time.
To set up an account online you'll need to be 18 or over, a UK resident, and a Club Lloyds current account customer.
Please read the summary box and the terms and conditions (PDF) before applying.
By phone:
Whether you’re a new or existing customer, call us on
Lines are open 7am–10pm Mon–Fri, 8am–6pm Sat–Sun
In branch:
Open an account with as little as £1 at your local branch