LLOYDS BANK SAVINGS ACCOUNTSEasy Saver

A variable interest account with instant access to your money


Please read the summary box before applying

At a glance

Interest rate

Features and benefits

Keep in mind

Withdrawals

Access

0.10% gross/AER variable for 12 months from account opening

  • Open with just £1
  • Make unlimited deposits
  • Your interest is paid annually on the anniversary of the account opening
  • Unlimited
  • Online
  • Branch
  • Phone

0.10% gross/AER variable for 12 months from account opening

Features and benefits

  • Open with just £1
  • Make unlimited deposits
  • Your interest is paid annually on the anniversary of the account opening

Keep in mind

Withdrawals

  • Unlimited

Access

  • Online
  • Branch
  • Phone

Summary box for Easy Saver

1. What is the interest rate?

It’s a variable rate, as shown in the table below

Your balanceAnnual interest
GrossAER
£1+
0.10%
0.10%

  • Your interest is paid annually on the anniversary of the account opening.

2. Can Lloyds Bank change the interest rate?

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.


3. What might the future balance be?

Below is an example of what the future balance might be, after interest has been paid:

Initial depositGross rateBalance after 12 months
£1000.00
0.10%
£1001.00

This example assumes that:

  • You don’t withdraw any money and interest isn’t paid out of the account
  • The interest rate stays the same
  • You make your initial deposit payment on the day you open the account
  • You don’t make any further deposits

4. How do I open and manage my account?

This account can be opened and managed in branch, by phone or online.

Opening this account

  • You must be 16 or over and resident in the UK
  • You can open this account in your sole name or make it a joint account once opened
  • The minimum opening deposit is £1

Managing this account

  • You can have multiple Easy Saver accounts at the same time

5. Can I withdraw money?

Yes.
You can make withdrawals from this account in branch 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.


6. Additional information

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.


Ways to apply

Online

If you have a Lloyds Bank current account, you can open an Easy Saver or a joint Easy Saver through Internet Banking.

Log on and applyfor an Easy Saver

Apply for a joint Easy Saver

Register for Internet Banking

By phone

Whether you’re a new or existing customer, call us on

0345 730 1400Call telephone number 0345 730 1400

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.

Find your nearest branch


Apply for an Easy Saver account

To set up an account online you'll need to be 16 and resident in the UK.

Apply to open an Easy Saver online in about five minutesApply now

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With so much choice, take a look at our range of other savings accounts to see which might suit you best.

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