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Standard Saver
Some of our savings accounts will change into a Standard Saver at the end of their term.
Summary box for the Standard Saver
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1.10% AER/gross on balances from £1 to £24,999.
1.20% AER/gross on balances from £25,000 to £99,999.
1.35% 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.
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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.
We’re making some changes to our conditions on 02 June 2025. For details, see our guide to changes (PDF, 80KB).
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For example, if you deposit £1,000.00 when you open the account, the balance after 12 months will be £1,011.00.
If you deposit £25,000.00 when you open the account, the balance after 12 months will be £25,300.00.
If you deposit £100,000.00 when you open the account, the balance after 12 months will be £101,350.00.
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.
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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.
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You can withdraw money from this account and there are no charges for doing so.
You can close your account at any time.
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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.
