Features and benefits

Earn up to 1.20% AER

Earn up to 1.20% AER/gross variable annual interest. The rate depends on your balance. See summary box for details.

Unlimited withdrawals

Save and withdraw your money when you like.

Save the Change®

If you have a current account with us, activate Save the Change® to save when you use your debit card.

Let's break it down

Who it's for

If you have one of the following accounts, we'll change it into a Standard Saver at the end of its term: 

  • Club Lloyds Saver
  • Club Lloyds Monthly Saver
  • Club Lloyds, Advantage Saver
  • Easy Saver
  • Monthly Saver
  • Fixed Bond
  • Online Fixed Bond
  • Lend a Hand fixed savings account.

This account is not for any other customers.

How it works

  • We'll contact you before the end of your previous account’s term to let you know your options.
  • If we change your account into the Standard Saver, your sort code and account number will stay the same.
  • Manage the account online, in our app, by phone or in branch.
  • Keep in mind, there are other options for renewing your account. It's important to review your options.

Summary box for the Standard Saver

  • 1.05% AER/gross on balances from £1 to £24,999.

    1.15% AER/gross on balances from £25,000 to £99,999. 

    1.20% AER/gross on balances of £100,000 or more.

    The interest rate is variable. The rate applies to the full balance. Your interest frequency will stay the same.

  • 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, 85KB) 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 deposit £1,000.00 when you open the account, the balance after 12 months will be £1,010.50.

    If you deposit £25,000.00 when you open the account, the balance after 12 months will be £25,287.50.

    If you deposit £100,000.00 when you open the account, the balance after 12 months will be £101,200.00.

    This assumes:

    • the interest rate stays the same for 12 months
    • 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.
  • How the account is opened

    If you have a Club Lloyds Saver, Club Lloyds Monthly Saver, Club Lloyds Advantage Saver, Easy Saver, Monthly Saver, Fixed Bond, Online Fixed Bond, or a Lend a Hand fixed savings account, we'll change it into this account at the end of its term if you don’t give us other instructions. We'll contact you before this happens to let you know your options.

    This account is not for any other customers.

    Your sort code and account number will stay the same.

    Managing the account

    This account can be managed:

    • online
    • in our app
    • in branch
    • by phone.
  • You can withdraw money from this account and there are no charges for doing so.

    You can close your account at any time.

  • Savings terms explained

    Gross rate

    This means we won’t deduct 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

    This 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.

Explore your options

Whatever you’re saving for, a Lloyds ISA or savings account could help.

ISAs

An ISA could be a tax-efficient way to save or invest for the future.

Explore ISAs

Savings accounts

Find an account to suit your saving needs, helping your money to grow.

Explore savings

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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