Features and benefits

Earn 3.45% AER fixed for 1 year

Earn 3.45% AER/gross fixed interest for 1 year. Interest is paid after 12 months. Plus an extra 0.20% AER/gross if you have a Lloyds Premier current account that's been open for at least 40 days.

Earn 3.35% AER interest for 2 years

Earn 3.35% AER/gross fixed interest for 2 years. Interest is paid after each year.

Fixed interest rate

The interest rate is fixed so it won't change during the term.

Let's break it down

Who it's for

You can open this account if you:
 
  • are aged 16 or over and a UK resident
  • have at least £500 to save
  • are happy to lock your money away for the full term of the account.

How it works

  • Open with £500 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.
  • You can open 1 Online Fixed Bond 1 year account, and up to 5 Online Fixed Bond 2 Year accounts. You can name each one to help you save for different things.
  • At the end of the 1 or 2 year term, we'll change your account to a Standard Saver.

Summary box for the Online Fixed Bond

  • 3.45% AER/gross fixed interest on balances of £1 or more for 1 year from account opening when interest is paid after 12 months.

    Plus, an extra 0.20% AER/gross if you have a Lloyds Premier personal current account that's been open for at least 40 days.

    3.35% AER/gross fixed interest on balances of £1 or more for 2 years from account opening when interest is paid annually.

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

  • For example, if you deposit £1,000.00 when you open a 1 year account, after 12 months you will have a balance of £1,034.50 after interest is paid.

    For example, if you deposit £1,000.00 when you open the account, after 24 months you will have a balance of £1,068.12 after interest is paid.

    This assumes:

    • interest is paid every 12 months after you open the account
    • you make your deposit on the day you open the account
    • you don't add any more money.
  • This account can be opened and managed:

    • online
    • branch
    • phone.

    You can open this account if you:

    • are 16 or over
    • are a UK resident
    • have £500 or more to save.

    You need to pay at least £500 into the account within 10 days of opening it. There is no limit to the number of payments in you can make within these 10 days. After the 10 days are up, you can’t make any further payments into the account. The maximum you can pay into the account is £10,000,000

    Online applications must be made in your sole name.

    You can make the account joint by going into the branch after you’ve opened it.

    You can only have 1 Online Fixed Bond – 1 Year account. You can also have up to 5 Online Fixed Bond – 2 Year accounts.

  • You can’t make withdrawals from this account, but you can close the account early by visiting 1 of our branches with a counter. Bear in mind that if you close the account early, for the 1 year term account you’ll be charged the equivalent of 90 days’ gross interest. For the 2 year term account you’ll be charged the equivalent of 180 days’ gross interest. This means you may get back less than you put in.

    At the end of the 1 or 2 year term, your account will change to a Standard Saver. Before this happens, we'll contact you to explain your options and next steps.

  • 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.

Open an Online Fixed Bond

Please read the summary box and the terms and conditions (PDF, 177KB) before you start.

 

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 Online Fixed Bond.

 

Apply online

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

Apply for 1-year term

Apply for 2-year term

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 Online Fixed Bond.

Get the app

Apply online

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

Apply for 1-year term

Apply for 2-year term

Protecting your money

The Financial Services Compensation Scheme (FSCS) protects up to £85,000 of the eligible money you hold with us.

More about the FSCS



Protecting your money

The Financial Services Compensation Scheme (FSCS) protects up to £85,000 of the eligible money you hold with us.

More about the FSCS

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