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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 can expect may 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 |
Where next? |
|---|---|---|---|---|---|
Account |
Interest rate3.80% AER/3.74% tax-free variable if you make 3 or less withdrawals. 1.20% AER/1.19% tax-free variable if you make 4 or more withdrawals. Interest is paid monthly. |
Minimum deposit£1 |
OpenFor 1 year. Your account will then change to an Instant Cash ISA.
|
WithdrawalsUnlimited. 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. |
Where next?Learn more and apply for a Club Lloyds Advantage ISA Saver. |
Account |
Interest rate1.30% tax free/AER on balances from £1-£24,999. 1.35% tax free/AER on balances from £25,000-£99,999. 1.80% tax free/AER on balances from £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. Interest is paid twice per year. Rate applies to the full balance. |
Minimum deposit£1 |
OpenFor 1 year. Your account will then change to an Instant Cash ISA. |
WithdrawalsUnlimited. |
Where next?Learn more and apply for a Cash ISA Saver. |
Account |
Interest rate3.80% AER/3.74% gross variable if you make 3 or less withdrawals. 1.20% AER/1.19% gross variable if you make 4 or more withdrawals. Interest is paid monthly. |
Minimum deposit£1 |
OpenFor 1 year. Your account will then change to a Standard Saver. |
WithdrawalsUnlimited. 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. |
Where next?Learn more and apply for a Club Lloyds Advantage Saver. |
AccountOnly available to Club Lloyds current account holders. |
Interest rate1.60% AER/gross on balances from £1-£24,999. 1.65% AER/gross on balances from £25,000-£99,999. 2.10% AER/gross on balances from £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 |
OpenFor 1 year. Your account will then change to a Standard Saver. |
WithdrawalsUnlimited |
Where next?Learn more and apply for a Club Lloyds Saver. |
AccountOpen up to 5 Easy Saver accounts, giving you different saving pots. |
Interest rate1.30% AER/gross on balances from £1-£24,999. 1.35% AER/gross on balances from £25,000-£99,999. 1.80% AER/gross on balances from £100,000 or more. Interest is variable and paid after a year. Rate applies to the full balance. |
Minimum deposit£1 |
OpenFor 1 year. Your account will then change to a Standard Saver. |
WithdrawalsUnlimited. |
Where next? |
Account |
Interest rate3.00% AER/2.96% gross on balances from £1-£5,000. 1.30% AER/1.29% gross on any excess above £5,000. Interest is variable and paid monthly. |
Minimum deposit£1 |
OpenUntil the child's 16th birthday. The account will then change to an adult Easy Saver. |
WithdrawalsUnlimited. |
Where next?Learn more and apply for a Child Saver |
AccountDesigned 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 rate3.15% 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 |
OpenUntil 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. |
WithdrawalsUnlimited. |
Where next?Learn more and apply for Smart Start. |
Account |
Interest rate6.25% AER/gross fixed. Interest is paid after a year.
|
Minimum deposit£25-£400 each month. |
Open1 year. Your account will then change to a Standard Saver. |
WithdrawalsUnlimited. |
Where next? |
Account |
Interest rate5.25% AER/gross fixed. Interest is paid after a year. |
Minimum deposit£25-£250 each month. |
Open1 year. Your account will then change to a Standard Saver. |
WithdrawalsUnlimited. |
Where next?Learn more and apply for a Monthly Saver. |
AccountIf you have a Club Lloyds Saver, Club Lloyds Monthly Saver, Club Lloyds, Advantage Saver, Easy Saver, Monthly Saver, Fixed Bond, Online Fixed Bond or Lend a Hand Fixed Savings Account with us, it will change into this account at the end of its term. |
Interest rate1.40% 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 from £100,000 or more. Interest is variable and applies to the full balance. It is paid at the same frequency as your original savings account. |
Minimum deposit£1 |
OpenThere's no end date. |
WithdrawalsUnlimited. |
Where next?You can't apply direct for a Standard Saver |
AccountIf you have an adult cash ISA with us, it will change into this account at the end of its term. |
Interest rate1.30% AER/tax free on balances from £1 - £24,999. 1.35% AER/tax free on balances from £25,000 - £99,999. 1.80% AER/tax free on balances from £100,000 or more. Interest is variable and applies to the full balance. It is paid at the same frequency as your original ISA. |
Minimum deposit£1 |
OpenThere's no end date. |
WithdrawalsUnlimited. |
Where next?You can't apply direct for an 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.
Why choose a Lloyds Bank instant access savings account?
Frequently asked questions
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How much you keep in your instant access savings account is up to you. The more you keep in your account, the more earning potential you could have through interest.
Some accounts may have a minimum and maximum amount you can save within an account, so it’s worth double checking the terms of your instant access savings account.
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Interest rates tend to be variable on an instant access savings account. This means the rate can go up or down over the course of the year, based on the wider economy and the Bank of England base rate.
You may find that certain easy access savers have a higher interest rate than others. These may be offered subject to other conditions – such as being a Club Lloyds customer.
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Yes, deposits of up to £85,000 are protected by the Financial Services Compensation Scheme (FSCS).
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The main benefit of an instant savings account is that you can access your money whenever you need it without incurring any fees or charges for doing so. This is useful if you’d still like to have your savings to fall back on in case of an emergency.
You may not get the higher rates of interest that come with a fixed rate savings account, but it may help to know you can withdraw your cash whenever you need.
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.
