Instant access savings accounts

Make the most of your money without locking it away with an instant access savings account. Earn interest on your savings and withdraw money as and when you need to.

What is an instant access savings account?

An instant or easy access savings account - sometimes known as a flexible savings account - can help you to earn variable interest on your savings, without locking your money away for a fixed term. 

For this level of flexibility, however, you're likely to earn a lower rate of interest than you would on a fixed rate account. The interest returns you cn expect will also be affected with each withdrawal. 

Compare instant access savings accounts

We offer a range of flexible accounts, with minimum deposits starting from as little as £1, and instant access to your money when you need it.

Account

Interest rate

Minimum deposit

Open

Withdrawals

Account

Club Lloyds Advantage ISA Saver

Only available to Club Lloyds current account holders.

 

Interest rate

4.00%

AER/3.93tax-free variable if you make 3 or fewer withdrawals.

1.30%

 AER/1.29tax-free variable if you make 4 or more withdrawals.

Interest is paid monthly.

Minimum deposit

£1

Open

For 1 year. Your account will then change to an Instant Cash ISA.

 

Withdrawals

Unlimited.

If you make 4 or more withdrawals, you’ll get the lower interest rate from the month you make the 4th withdrawal, until the end of the account year.

Learn more and apply for a Club Lloyds Advantage ISA Saver.

Account

Interest rate

1.40%

tax free/AER on balances from £1-£24,999.

1.45%

tax free/AER on balances of £25,000-£99,999.

1.90% 

tax free/AER on balances of £100,000 or more.

An extra 0.30% tax free/AER will be added if you already have a Club Lloyds or Private Banking personal current account.

Interest is variable. Choose to receive interest monthly, or after each year. Rate applies to the full balance.

Minimum deposit

£1

Open

For 1 year. Your account will then change to an Instant Cash ISA.

Withdrawals

Instant.

Learn more and apply for a Cash ISA Saver.

Account

Interest rate

4.00%

AER/3.93% gross variable if you make 3 or fewer withdrawals.

1.30%

AER/1.29% gross variable if you make 4 or more withdrawals.

Interest is paid monthly.

Minimum deposit

£1

Open

For 1 year. Your account will then change to a Standard Saver.

Withdrawals

Unlimited.

If you make 4 or more withdrawals, you’ll get the lower interest rate from the month you make the 4th withdrawal, until the end of the account year.

Learn more and apply for a Club Lloyds Advantage Saver.

Account

Club Lloyds Saver

Only available to Club Lloyds current account holders.

Interest rate

1.70% AER/gross on balances of £1-£24,999.

1.75% AER/gross on balances of £25,000-£99,999.

2.20% AER/gross on balances of £100,000 or more.

Interest is variable. Choose to receive interest monthly, or after each year. Rate applies to the full balance.

 

Minimum deposit

£1

Open

For 1 year. Your account will then change to a Standard Saver.

Withdrawals

Instant.

Learn more and apply for a Club Lloyds Saver.

Account

Easy Saver

Open up to 5 Easy Saver accounts, giving you different saving pots.

Interest rate

1.40% 

AER/gross on balances of £1-£24,999.

1.45% 

AER/gross on balances of £25,000-£99,999.

1.90% 

AER/gross on balances of £100,000 or more.

Interest is variable and paid after a year. Rate applies to the full balance.

Minimum deposit

£1

Open

For 1 year. Your account will then change to a Standard Saver.

Withdrawals

Instant.

Account

Interest rate

3.15% 

AER/3.11% gross on balances of £1-£5,000.

1.40%

 AER/1.39% gross on any excess above £5,000.

Interest is variable and paid monthly.

Minimum deposit

£1

Open

Until the child's 16th birthday. The account will then change to an adult Easy Saver.

Withdrawals

Unlimited.

Learn more and apply for a Child Saver

Account

Smart Start

Designed for 11 to 15-year-olds, providing both a current account and savings account.

You need a Club Lloyds current account to open this account for your child.

Interest rate

3.15%

AER/3.11% gross on balances from £1 to £1,000.

1.40%

AER/1.39% gross on any excess above £1,000.

Interest applies to the savings account only, and is paid monthly.

Minimum deposit

£1

Open

Until the child’s 18th birthday. The savings account will then change to an adult Standard Saver. The spending account will change to an adult Classic Account.

Withdrawals

Unlimited.

Learn more and apply for Smart Start.

Account

Interest rate

6.25% 

AER/gross fixed.

Interest is paid after a year.

 

Minimum deposit

£25-£400 each month.

Open

1 year. Your account will then change to a Standard Saver.

Withdrawals

Instant.

Account

Interest rate

5.25% 

AER/gross fixed.

Interest is paid after a year.

Minimum deposit

£25-£250 each month.

Open

1 year. Your account will then change to a Standard Saver.

Withdrawals

Instant.

Learn more and apply for a Monthly Saver.

Account

Standard Saver

If you have a Club Lloyds Saver, Club Lloyds Monthly Saver, Club Lloyds, Advantage Saver, Easy Saver, Monthly Saver, Fixed Bond, Online Fixed Bond, Lend a Hand Fixed Savings Account or Smart Start savings account with us, it will change into this account at the end of its term.

Interest rate

1.40%

AER/gross on balances from £1 - £24,999.

1.45%

AER/gross on balances from £25,000 - £99,999.

1.90%

 AER/gross on balances of £100,000 or more.

The interest rate is variable. The rate applies to the full balance. Your interest frequency will stay the same as it was on your previous account.

Minimum deposit

£1

Open

No end date.

Withdrawals

Instant

You cannot apply directly for this account.

Standard Saver

Account

Instant Cash ISA

If you have an adult cash ISA with us, it will change into this account at the end of its term.

Interest rate

1.40%

AER/tax free on balances from £1 - £24,999.

1.45%

AER/tax free on balances from £25,000 - £99,999.

1.90%

AER/tax free on balances of £100,000 or more.

The interest rate is variable. The rate applies to the full balance. Your interest frequency will stay the same as it was on your previous account.

Minimum deposit

£1

Open

No end date.

Withdrawals

Instant

You cannot apply directly for this account.

Instant Cash ISA

Tax treatment depends on individual circumstances and may change in the future. 

Interest on savings

Interest rates are subject to change. You can check current interest rates online at any time.

Useful savings terms

AER, or Annual Equivalent Rate

AER helps you to understand how much interest you would earn from your savings over the course of a year. The percentage figure is also useful when comparing savings accounts. 

This accounts for compound interest. That's interest earned on top of any interest you've already been paid, which forms part of your total savings balance.

More about AER

Tax free

Interest on child savings account and ISAs is usually exempt from tax.

Adults may be able to earn some interest from thier savings each year without paying tax, subject to your personal allowance on earnings, starting rate for savings or personal savings allowance. You also have an annual allowance for ISAs, helping you to save in a tax efficient way. 

Why choose a Lloyds Bank instant access savings account?

Keep track with ease

Whatever you're saving for, you can track your progress using Internet Banking or the Mobile Banking app.

Effortless saving

if you have a Lloyds Bank debit card, you can round purchases up to the nearest £1 and Save the Change®. Just be aware this excludes ISAs.

Plan your savings

using one of our savings calculators, figure out a monthly savings amount, and how long it’ll take to reach your goal.

Start saving straight away

You could open an instant access savings account online immediately and start saving with as little as £1 on selected accounts.

Plan your savings

Plan your savings

Work out how to achieve your savings goals with our savings calculator

View saving calculators

Looking to invest?

Explore options from Lloyds Bank, including simple Ready-Made Investments.

Browse investment options

Frequently asked questions

Financial Services Compensation Scheme

Eligible deposits held with us are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK’s deposit guarantee scheme.

FSCS logo