Standard Saver

Some of our savings accounts will change into a Standard Saver at the end of their term.

Who this account is for

If you have one of the following accounts, it will change 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, or Lend a Hand Fixed Savings Account.

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 up to 1.90% AER/gross variable interest. The rate depends on your balance. See summary box for details.
  • Save and withdraw your money when you like
  • Eligible account for Save the Change® - save your pennies when you spend.

How it works

  • We will contact you before the end of your previous account’s term to let you know your options.
  • 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

  • 1.40% AER/gross on balances from £1 - £24,999.

    1.45% AER/gross on balances from £25,000 - £99,999. 

    1.90% 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 £1014.00.

    If you deposit £25,000.00 when you open the account, the balance after 12 months will be £25362.50.

    If you deposit £100,000.00 when you open the account, the balance after 12 months will be £101900.00.

    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, 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.

    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.
  • 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 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?

This account is only for customers who 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 that is coming to the end of its term.

See our available accounts

Financial Services Compensation Scheme

Eligible deposits held with us are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK’s deposit guarantee scheme.

FSCS logo 

Visit our FSCS page About the FSCS