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Account features for all ages
Extra account features for 16-17 year olds
Explore your options
This account is only for 11 – 17 year olds. If you’re older than that or want to apply for an arranged overdraft, you should consider learning about our Classic Account or Student Account if you’re in full-time education.
Let’s look at the details
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These interest rates are correct as of 23/08/2021. Interest rates are variable, and any interest you accrue will be paid quarterly.
For accounts opened before 23 August 2021
Interest rates Your balance
AER %Annual Equivalent RateThe Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded each year. The AER allows you to compare different offers easily.
Gross %CloseGross rateGross rate means that we will not deduct tax automatically from your interest. You are responsible for paying any tax due to HM Revenue and Customs.
Your balance
£0.01-£2,499.99
AER %Annual Equivalent RateThe Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded each year. The AER allows you to compare different offers easily.
0.50
Gross %CloseGross rateGross rate means that we will not deduct tax automatically from your interest. You are responsible for paying any tax due to HM Revenue and Customs.
0.50
Your balance
£2,500+
AER %Annual Equivalent RateThe Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded each year. The AER allows you to compare different offers easily.
0.00
Gross %CloseGross rateGross rate means that we will not deduct tax automatically from your interest. You are responsible for paying any tax due to HM Revenue and Customs.
0.00
We do not pay interest on amounts of £2,500 or more.
For accounts opened on or after 23 August 2021
Interest rates Your balance
AER %Annual Equivalent RateThe Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded each year. The AER allows you to compare different offers easily.
Gross %CloseGross rateGross rate means that we will not deduct tax automatically from your interest. You are responsible for paying any tax due to HM Revenue and Customs.
Your balance
£0.01-£999.99
AER %Annual Equivalent RateThe Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded each year. The AER allows you to compare different offers easily.
0.50
Gross %CloseGross rateGross rate means that we will not deduct tax automatically from your interest. You are responsible for paying any tax due to HM Revenue and Customs.
0.50
Your balance
£1,000+
AER %Annual Equivalent RateThe Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded each year. The AER allows you to compare different offers easily.
0.00
Gross %CloseGross rateGross rate means that we will not deduct tax automatically from your interest. You are responsible for paying any tax due to HM Revenue and Customs.
0.00
We do not pay interest on amounts of £1,000 or more.
Please note interest paid before 6th April 2016 will have been paid net (unless you registered the account with us to receive gross interest). Net is the rate of interest payable after allowing for the deduction of income tax at the rate specified by law (currently 20%).
From 6th April 2016 interest is paid Gross, meaning we will not deduct tax on your behalf. Dependant on your personal circumstances, tax may be due on your interest and it is your responsibility to disclose and pay any tax due directly to HMRC.
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As this account is just for 11 - 17 year olds, we'll automatically move you to a Classic Account once you turn 18.
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- Personal banking terms and conditions & Banking charges guide Opens in a new tab. (pdf, 314.6 KB)
- Bank account welcome pack Opens in a new tab. (pdf, 505.9 KB)
- Current account rates Opens in a new tab. (web)
- Under 19s - Ways we use your data (child friendly version) Opens in a new tab. (pdf, 63.5 KB)
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- Mobile Banking app. Scan the QR code with a parent or guardian to get started and then pop into any branch to complete the application.
- Online application can be started for 13-14 year olds. Fill in a simple form online with a parent or guardian and then pop into any branch to complete the application.
- In a branch. A parent or guardian will need to accompany you and you’ll need to bring proof of identity (e.g. a passport or birth certificate) and proof of your parent or guardian’s identity and address (e.g. a utility bill from the last 6 months).
Book an appointment at your local branch or by calling us.
![Lloyds mobile app image with QR code]()
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- Mobile Banking app. Scan the QR code to get started and provide proof of your identity with a passport or Biometric Residence Permit card.
- Online applications can be completed for 15-17 year olds. Fill in a simple form online and provide proof of your identity with a passport, UK driving license or Biometric Residence Permit card.
- In a branch. Bring your mobile phone, or device and a member of staff will help you complete your application. You’ll also need to bring proof of identity (e.g. a passport or birth certificate) and proof of your parent or guardian's identity and address (e.g. a utility bill from the last 6 month).
![Lloyds mobile app image with QR code]()
- In a branch. A parent or guardian will need to accompany you and you’ll need to bring proof of identity (e.g. a passport or birth certificate) and proof of your parent or guardian’s identity and address (e.g. a utility bill from the last 6 months).
We may not be able to see you straight away, so please book an appointment at your local branch or by calling us.
- Online applications cannot be completed for 11-12 year olds.
We may monitor or record telephone calls to check out your instructions correctly and to help us improve the quality of our service. Calls from abroad are charged according to the telephone service provider’s published tariff. Not all Telephone Banking services are available 24 hours a day, 7 days a week. Please speak to an adviser for more information.
You may also like
Smart Start
A banking and savings account for 11-15 year olds with no monthly fees or charges.
Student Current Account
For full-time students aged 17 or over.
Child Saver
For adults who want to save for a child aged 15 and under.
