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Online Fixed Bonds

A fixed interest rate account for savers who are happy to put their money away for up to two years.

Please read the summary box before applying

Summary box for the Online Fixed Bond

What is the interest rate? expandable section

5.15% AER/gross fixed interest on balances of £1 or more for one year from account opening when interest is paid after 12 months.

5.20% AER/gross fixed interest on balances of £1 or more for two years from account opening when interest is paid annually.

An extra 0.30% AER/gross will be added if you already have a Lloyds Bank personal current account that has been opened for a minimum of 40 days.
Can Lloyds Bank change the interest rate? expandable section

No. This account has a fixed rate of interest so the rate won't change during the term.
What might the future balance be? expandable section
For example, if you deposit £2000.00 when you open a 1 year account, after 12 months you will have a balance of £2103.00 after interest is paid.

For example, if you deposit £2000.00 when you open the account, after 24 months you will have a balance of £2213.40 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.
How do I open and manage my account? expandable section
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 £2,000 or more to save.
You need to deposit at least £2,000 into the account within 10 days of it opening. You can make as many deposits as you like within these 10 days. You can deposit up to a maximum of £10,000,000 in the 1 year term and up to £1,000,000 in the 2 year term. 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 the account joint by going into the branch after you’ve opened it.

You can only have one Online Fixed Bond – 1 Year account. You can also have up to 5 Online Fixed Bond – 2 Year accounts.
Can I withdraw money? expandable section

You can’t make withdrawals from this account, but you can close the account early by visiting one our branches with a counter. Bear in mind that if you close the account early, for the one year term account you’ll be charged the equivalent of 90 days’ gross interest. For the two 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.
Additional information expandable section

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.

You can also open an account by calling us on 0345 300 0000. Our lines are open Monday to Sunday from 8am – 8pm (Not all Telephone Banking services are available 24 hours a day, seven days a week.) Or, visit us in branch.