Unlock up to £1,200 in our switch and save cashback offer

How it works

You can’t have this offer if you have a savings account with Lloyds Banking Group now or have had one within the last 12 months. Other terms, conditions and exclusions apply.

The more you save the more cashback you’ll earn

See how much cashback you could get from your savings.

Cashback
Money added	Cashback recieved
Money added £5,000 to £9,999.99	Cashback recieved £30
Money added £10,000 to £14,999.99	Cashback recieved £60
Money added £15,000 to £19,999.99	Cashback recieved £90
Money added £20,000 to £24,999.99	Cashback recieved £120
Money added £25,000 to £49,999.99	Cashback recieved £150
Money added £50,000 to £74,999.99	Cashback recieved £300
Money added £75,000 to £99,999.99	Cashback recieved £450
Money added £100,000 to £124,999.99	Cashback recieved £600
Money added £125,000 to £149,999.99	Cashback recieved £750
Money added £150,000 to £174,999.99	Cashback recieved £900
Money added £175,000 to £199,999.99	Cashback recieved £1,050
Money added £200,000+	Cashback recieved £1,200

Lloyds fixed rate savings offer terms and conditions expandable section
1. Eligibility

In order to qualify for this savings offer (the “Offer”), you must:

be a UK resident aged 18 years or older.
(i) have opened a new Lloyds Bank plc (“Lloyds Bank”) current account using the ‘Current Account Switch Service’ and switched from a bank account held with another bank between 01 January to 30 April 2026 (a “Qualifying Account”), and (ii) a Qualifying Account open as at 30 September 2026 for payment of the cashback incentive.
not currently hold, nor in the last 12 months from the date of opening a new qualifying fixed rate savings account have held, a savings account with any Lloyds Banking Group company in your name (sole or joint).

The qualifying fixed rate savings accounts are:

Lloyds Fixed Rate Cash ISA 1 Year
Lloyds Fixed Rate Cash ISA 2 Year
Lloyds Online Fixed Bond 1 Year
Lloyds Online Fixed Bond 2 Year

(“Lloyds Bank Fixed Savings Account”)

open one or more Lloyds Bank Fixed Savings Accounts and deposit at least £5,000 (total balance across accounts) from 24 February 2026 to 31 May 2026 (Offer Period). Please note that any deposits made after 31 May 2026 will not be eligible for this Offer with the exception of ISA transfers initiated during the Offer Period and completed by 31 August 2026 (i.e. ISA transfer funds must be in the new Lloyds Fixed Rate Cash ISA by 31 August 2026). Please see Clause 3 for ISA transfers which are not eligible for this Offer. Partial and full ISA transfer-in requests are eligible for this Offer. You may transfer-in multiple ISA balances.

The Lloyds Bank Fixed Savings Account must remain open until at least 31 August 2026. Please note that an early closure charge will apply if a fixed product is closed before its maturity date as set out in the product terms and conditions.

2. Cashback

Provided you meet the eligibility criteria in Clause 1, you will receive cashback based on total deposited balances held as at the 31 August 2026, across Lloyds Bank Fixed Savings Accounts as set out in the table.

Cashback will be calculated on the total amount deposited in your Lloyds Bank Fixed Savings Account(s) on 31 May 2026 (31 August for any ISA transfers) and paid into your Qualifying Account by 30 September 2026.

Only one offer is available per customer. Joint accounts will only be paid one payment.

3. Exclusions

You can’t take part in this Offer if:

you do not meet the eligibility criteria in Clause 1
your Qualifying Account is closed, before the cashback is paid (cashback will be paid by 30 September 2026)

we reasonably believe that you have acted fraudulently or misleadingly or have abused the Offer.

ISA transfers from Lifetime ISAs, Help to Buy ISAs, Innovative Finance ISAs, Junior ISAs or from other Lloyds Banking Group companies are not included in this Offer.

You cannot benefit from more than one offer that Lloyds Bank promotes at the same time in respect of the same deposit. For example, if you open a Fixed Rate Cash ISA during the term of this Offer and a Cash ISA Transfer offer is also running, you will not be entitled to cashback on both in respect of the same deposit.

4. General Terms

The promoter of this Offer is Lloyds Bank plc, 12 Wellington Place, Leeds, LS1 4AP.
This Offer may be amended or withdrawn by Lloyds Bank plc at any time.
No alternative payment methods are available, and the cashback is not transferrable.