Limited Access Saver

Earn more interest if you make fewer withdrawals with a Limited Access Saver.

Open account

Read the summary box and terms and conditions (PDF, 67KB) before applying.

Features and benefits

Earn up to 3.00% AER

Earn 3.00% AER/2.96% gross variable interest if 2 or less withdrawals are made in the 12-month account term.

You'll earn 0.65% AER/gross variable monthly if 3 or more withdrawals are made in the 12-month account term. See summary box for details.

How this worksIf you make 2 or fewer withdrawals, you’ll get paid the higher rate of interest for the whole term. If you make 3 or more withdrawals, you’ll get a lower interest rate from the month you make the 3rd withdrawal until the end of the account term.

Monthly interest

Your interest will be paid monthly on the same date you opened the account.

Save the Change®

If you’ve got a bank account with us, you can round up your debit card spending and Save the Change®.

Let's break it down

Who it's for

You can open this account if you are:

  • aged 16 or over
  • a UK resident.

How it works

  • Open with just £1. 
  • Save and access your money when you want to.
  • You can transfer your money online to another Lloyds account in your name, an account with another financial provider or you can withdraw your money in a branch with a counter.
  • After 12 months the account will change to a Standard Saver.

Summary box for the Limited Access Saver

  • 3.00% AER/2.96% gross variable monthly on balances from £1 if 2 or fewer withdrawals are made in the 12-month account term.

    0.65% AER/gross variable monthly on balances from £1 if 3 or more withdrawals are made in the 12-month account term. This lower interest rate will apply from the month you make the 3rd withdrawal until the end of the account term.

    Interest is paid monthly on the same date you open your account.

  • Yes. As this account pays a variable rate of interest it can change over time. We’ll always let you know of any planned changes to the rate. Our terms and conditions (PDF, 67KB) explain when and how we do this. For example, we might review the interest rate if the Bank of England base rate changes.

  • For example, if you put in £1,000.00 when you open the account and make no withdrawals, the balance after 12 months will be £1,030.00.

    If you put in £1,000.00 when you open the account and withdraw £10 on the first day of the month, for the first 3 months of the term, the balance after 12 months will be £980.04.

    This assumes:

    • The interest rate stays the same for 12 months.
    • You put money in the day you open the account and don’t add more money after that.

  • Existing customers can open an account online, in app, by phone, or in branch.

    New customers can open online only.

    This account can be managed:

    • online
    • in our app
    • in branch
    • by phone.

    You must be aged 16 or over, and resident in the UK.

    You must open this account in your sole name. 

    You can open the account with between £1 and £9 million.

    You can have up to 5 Limited Access Saver accounts at any time.

  • Yes. You can make withdrawals from this account and there are no charges for doing so.

    If you make 3 or more withdrawals, you’ll get a lower interest rate from the month you make the 3rd withdrawal until the end of the account term.

    You can transfer your money online to another Lloyds account in your name, an account with another financial provider or you can withdraw your money in a branch with a counter.

    If you change your mind, you can cancel the account free of charge within 30 days of opening.

    After 12 months we'll change the account to a Standard Saver. Before this happens, we'll contact you to explain your options and next steps.

  • Savings terms explained

    Gross rate

    This means we won’t remove tax from the interest we pay on money in your account. You will need to pay any tax you may owe to HM Revenue & Customs (HMRC).

    AER

    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.

Open a Limited Access Saver

You should read the summary box and the account conditions (PDF, 67KB) before you apply.

 

 

It's simple in the app

Scan the QR code to get it.

You must be registered for online banking to apply in the app.

Once you’re in, select Apply, Savings then Limited Access Saver.

 

Apply online

Whether you're an existing customer or not, you can apply on our website.

Open account

It's simple in the app

You must be registered for online banking to apply in the app.

Once you’re in, select Apply, Savings, then Limited Access Saver.

Get the app

Apply online

Whether you're an existing customer or not, you can apply on our website.

Open account

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