The challenging times we’re all experiencing means we’re getting a lot more calls than usual and our call times are longer. So we can support people in the most vulnerable situations, we ask that you only call us if your enquiry is urgent. You can still use our online and mobile banking services and our automated service.

 

Standard Saver

If you have a Club Lloyds Saver, Easy Saver, Fixed Bond, Online Fixed Bond or a Lend a Hand account with us, it will change into this account at the end of its term.

Who this account is for

  • If you have a Club Lloyds Saver,  Easy Saver, Fixed Bond, Online Fixed Bond or a Lend a Hand account with us, it will change into this account at the end of its term if you don't give us other instructions. We will contact you before this happens to let you know your options.
  • This account is not available to any other customers.
  • If you don't have an account that's coming to the end of its term, you can compare our available accounts.

The benefits

  • Earn 0.10% gross/AER variable interest.
  • Save and withdraw your money when you like
  • Eligible account for Save the Change® - save your pennies when you spend.

How it works

  • If you let your account change into the Standard Saver, your sort code and account number will stay the same.
  • Manage the account online, on our app, by phone or in branch.
  • Bear in mind, there are other options for renewing your account. It's important to review your options.

Summary box for the Standard Saver

1. What is the interest rate?

Earn 0.10% gross/AER variable interest on balances of £1 or more.

Your interest frequency will stay the same.

2. Can Lloyds Bank change the interest rate?

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) explain when and how we do this. For example we might review the interest rate if the Bank of England base rate changes.

3. What might the future balance be?

For example, if you deposit £1000.00 when you open the account, after 12 months you will have a balance of £1001.00 after interest is paid.

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.

4. How do I open and manage my account?

How the account is opened

If you have a Club Lloyds Saver, Easy Saver, Fixed Bond, Online Fixed Bond or a Lend a Hand account with us, it will change into this account at the end of its term if you don't give us other intructions. We will contact you before this happens to let you know your options.

This account is not available to any other customers.

Your sort code and account number will stay the same.

Managing the account

This account can be managed:

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

5. Can I withdraw money?

You can withdraw money from this account and there are no charges for doing so.

You can close your account at any time.

6. Additional information

Savings terms explained

Gross rate 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 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.

Not the right account for you?

If you don't have a Club Lloyds Saver, Easy Saver, Fixed Bond, Online Fixed Bond or a Lend a Hand account that is coming to the end of its term, then this isn't the account for you.

See our available accounts

Financial Services Compensation Scheme

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