Put your money away for two years and get the peace of mind of a fixed interest rate.
Please read the summary box before applying
Summary box for the Fixed Bond
Earn 0.20% gross/AER fixed interest on balances of £1 or more for two years from account opening.
You can choose to have your interest paid monthly or every 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 £2000.00 when you open the account, after 24 months you will have a balance of £2008.00 after interest is paid.
- the interest rate stays the same for two years
- interest is paid every 12 months after you open the account
- you make your deposit on the day you open the account and you don't add more money after that
- you don’t withdraw any money or interest.
This account can be opened and managed:
- in branch
- by phone.
Bear in mind:
- you must be aged 16 or over and a UK resident
- you need to open the account with £2,000 or more, up to a maximum of £1,000,000
- you have 10 days from the account opening to make your deposit
- you can make as many deposits as you like within these 10 days. After the 10 days are up, you can't make any further deposits
- the account can be opened in your sole name or jointly
- after two years, your account will change to a Standard Saver. Before this happens, we'll contact you to explain your options and next steps.
You can’t make withdrawals from this account but you can close the account early by visiting one of our branches with a counter. Bear in mind that if you close the account before the end of the two year term, you’ll be charged the equivalent of 180 days’ gross interest. This means you may get back less than you put in.
Savings terms explained
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.
Important legal information
Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.
Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS).