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Online Fixed Bond

A fixed interest rate account for savers who are happy to put their money away for the two year term.

Who this account is for

  • You need to be aged 16 or over and  a UK resident.
  • You're ready to save at least £2,000.
  • Ideal if you want to put money away for two years. Bear in mind, you can't withdraw money from this account.

The benefits

  • Earn 0.75% gross/AER fixed interest for two years from account opening.
  • The interest rate is fixed so it won’t change during the term.
  • You can have up to five Online Fixed Bond accounts. You can name each one to help you save for different things.

How it works

  • Open with £2,000 or more.
  • You have 10 days from the account opening to make your deposit. After the 10 days are up, you can't make any further deposits.
  • After two years, your account will change to a Standard Saver. See our Standard Saver interest rates (PDF).

Summary box for the Online Fixed Bond

1. What is the interest rate?

Earn 0.75% gross/AER fixed interest on balances of £1 or more for two years from account opening.

Your interest is paid every 12 months after you open the account.


2. Can Lloyds Bank change the interest rate?

No. This account has a fixed rate of interest so the rate won't change during the term.


3. What might the future balance be?

For example, if you deposit £2000.00 when you open the account, after 24 months you will have a balance of £2030.11 after interest is paid.

This assumes:

  • 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.

4. How do I open and manage my account?

This account can be opened and managed:

  • online.

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
  • online applications must be made in your sole name. You can make it joint by going into branch or calling us after you've opened it
  • you can have up to five Online Fixed Bond accounts and name each one
  • after two years, your account will change to a Standard Saver account. See our Standard Saver interest rates (PDF). Before this happens, we'll contact you to explain your options and next steps.

5. Can I withdraw money?

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.


6. Additional information

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.

Apply for an Online Fixed Bond

You can open an account if:

  • you're aged 16 or over and a UK resident
  • you're ready to save at least £2,000

Please read the summary box and the terms and conditions (PDF) before you start.

Apply for an Online Fixed Bond

You can also open an account by calling us on 0345 300 0000. Our lines are open Monday to Sunday from 7am to 11pm. Or, visit us in branch.

Find the right account for you

Take a look at our range of savings accounts to see which suits you best.

Helping you save confidently

Learn how to build a savings habit with our savings articles.

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