Private Banking rates

Interest

Interest paid before 6 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%).

Interest paid post 6 April 2016 

 

Your interest will be paid Gross, this means that we will not deduct tax automatically from your interest. Depending on your personal circumstances, you may need to pay tax on the interest you earn and it will be your responsibility to pay any tax you may owe to HM Revenue and Customs (HMRC).

More information

Please see Glossary at the bottom of the page for definitions.

Details of charges for Private Banking products and services are available on Important Information or on request.

Private Banking

Current accounts:

  • Private Banking Current Account

    Amount Saved

    AER/Gross %

    Gross %

    Amount Saved

    £100,000+

    AER/Gross %

    0.00

    Gross %

    0.00

    Amount Saved

    £50,000+

    AER/Gross %

    0.00

    Gross %

    0.00

    Amount Saved

    £20,000+

    AER/Gross %

    0.00

    Gross %

    0.00

    Amount Saved

    £10,000+

    AER/Gross %

    0.00

    Gross %

    0.00

    Amount Saved

    £1+

    AER/Gross %

    0.00

    Gross %

    0.00

    These rates are correct as at 10/10/2022.

    Where a Private Banking Current Account is linked to Lloyds Bank Offset, no interest is available.

    Overdraft rates:

    Private Banking Current Accounts overdraft rates

    Interest Tiers

    % Per month

    % EAR

    Interest Tiers

    Arranged Overdraft

    % Per month

    1.53%

    % EAR

    19.9%

    These interests rates are correct as at 08/05/2024.

  • Private Banking Premier Current Account

    (Credit interest paid annually)
    Amount Saved

    AER %

    Gross %

    (Credit interest paid annually)Amount Saved

    £50,000+

    AER %

    0.00

    Gross %

    0.00

    (Credit interest paid annually)Amount Saved

    £1 - £49,999

    AER %

    0.00

    Gross %

    0.00

    These interest rates are correct as at 10/10/2022.

    Where a Private Banking Current Account is linked to Lloyds Bank Offset, no interest is payable.

    Arranged Overdraft rates:

    Private Banking Premier Accounts overdraft rates

    Interest Tiers

    % Per month

    % EAR

    Interest Tiers

    Arranged Overdraft

    % Per month

    1.53%

    % EAR

    19.9%

    These interest rates are correct as at 08/05/2024.

    Where a Private Banking Premier account is linked to Lloyds Bank Offset, the Arranged Overdraft rates are the same as the Lloyds Bank Offset Mortgage rate, of Base Rate + 0.9%.

  • Private Banking Flexible Current Account

    Amount Saved

    AER/Gross %

    Gross %

    Amount Saved

    £100,000+

    AER/Gross %

    0.00

    Gross %

    0.00

    Amount Saved

    £50,000+

    AER/Gross %

    0.00

    Gross %

    0.00

    Amount Saved

    £20,000+

    AER/Gross %

    0.00

    Gross %

    0.00

    Amount Saved

    £10,000+

    AER/Gross %

    0.00

    Gross %

    0.00

    Amount Saved

    £1+

    AER/Gross %

    0.00

    Gross %

    0.00

    These interest rates are correct as at 10/10/2022.

    Overdraft rates:

    Private Banking Current Accounts overdraft rates

    % Per annum

    % EAR

    % Per annum

    Arranged

    % EAR

    18.28%

    19.9%

    You may need to provide security in the form of assets. You may also need to pay an arrangement fee.

    These interest rates are correct as at: 08/05/2024.

  • Club Lloyds Private Banking

    (Interest is calculated daily, and paid monthly into your account)

    Balances between

    AER %

    Gross %

    (Interest is calculated daily, and paid monthly into your account)Balances between

    £1 - £3,999.99

    AER %

    1.50%

    Gross %

    1.49%

    (Interest is calculated daily, and paid monthly into your account)Balances between

    £4,000 - £5,000

    AER %

    3.00%

    Gross %

    2.96%

    These interest rates are correct as at 31/01/2023.

    The interest rates apply to each part of your balance, up to £5,000. No interest is paid on amounts over £5,000.

    Overdraft rates:

    Private Banking Current Accounts overdraft rates

    % Per annum

    % EAR

    % Per annum

    Arranged

    % EAR

    18.28%

    19.9%

    You may need to provide security in the form of assets. You may also need to pay an arrangement fee.

    These interest rates are correct as at: 08/05/2024.

  • Club Lloyds Private Banking Premier

    (Interest is calculated daily, and paid monthly into your account)
    Balances between

    AER %

    Gross %

    (Interest is calculated daily, and paid monthly into your account)Balances between

    £1 - £3,999.99

    AER %

    1.50%

    Gross %

    1.49%

    (Interest is calculated daily, and paid monthly into your account)Balances between

    £4,000 - £5,000

    AER %

    3.00%

    Gross %

    2.96%

    These interest rates are correct as at 31/01/2023.

    The interest rates apply to each part of your balance up to £5,000. No interest is paid on amounts over £5,000.


Savings accounts:
 

  • Private Banking Premier Investment Account

    Amount Invested

    Annual Interest Rate Paid - AER/Gross %

    Monthly Interest Rate Paid - AER %

    Monthly Interest Rate Paid - Gross %

    Amount Invested

    *£1 - £1,000,000

    Annual Interest Rate Paid - AER/Gross %

    2.10

    Monthly Interest Rate Paid - AER %

    2.10

    Monthly Interest Rate Paid - Gross %

    2.08

    Amount Invested

    **£1,000,000+

    Annual Interest Rate Paid - AER/Gross %

    2.80

    Monthly Interest Rate Paid - AER %

    2.80

    Monthly Interest Rate Paid - Gross %

    2.76


    Interest rate from 19/11/2024. Interest rates are variable.

    *Interest of 2.10% AER/Gross p.a (or monthly at 2.10% AER/2.08% Gross) will apply to any amount up to and including £1,000, 000.
    **Interest of 2.80% AER/Gross p.a (or monthly at 2.80% AER/2.76% Gross) will apply to any amount over £1,000,000+.

    Where a Private Banking Premier Investment Account is linked to Lloyds Bank Offset, no interest is payable. 

  • Private Banking Premier Investment Account

    Amount Invested

    Annual Interest Rate Paid - AER/Gross %

    Monthly Interest Rate Paid - AER/Gross %

    Amount Invested

    £1+

    Annual Interest Rate Paid - AER/Gross %

    1.00

    Monthly Interest Rate Paid - AER/Gross %

    1.00

    Applicable to accounts after the 28/07/2014.

Mayfair

Currents accounts:

  • Mayfair High Interest Cheque Account

    Amount Saved

    Variable annual credit interest rate, interest paid monthly - AER %

    Variable annual credit interest rate, interest paid monthly - Gross %

    Amount Saved

    £1+

    Variable annual credit interest rate, interest paid monthly - AER %

    2.10%

    Variable annual credit interest rate, interest paid monthly - Gross %

    2.08%

    These interest rates are correct as at 19/11/2024.

    Where a Mayfair High Interest Cheque Account is linked to a Mayfair Offset Account no interest is payable.

  • Mayfair Current Account (Non Personal)

    Amount Saved

    AER/Gross %

    Gross %

    Amount Saved

    £100,000+

    AER/Gross %

    0.00

    Gross %

    0.00

    Amount Saved

    £50,000+

    AER/Gross %

    0.00

    Gross %

    0.00

    Amount Saved

    £20,000+

    AER/Gross %

    0.00

    Gross %

    0.00

    Amount Saved

    £5,000+

    AER/Gross %

    0.00

    Gross %

    0.00

    Amount Saved

    £1+

    AER/Gross %

    0.00

    Gross %

    0.00

    These interest rates are correct as at 10/10/2022.

    Where a Mayfair current account is linked to Lloyds Bank Offset no interest is payable.

    Overdraft rates:

     

    Arranged

    Unarranged

     

    Non-Personal Accounts (Beyond £1200 Interest free limit)

    Arranged

    0.79% a month / 9.90% EAR

    Unarranged

    1.66% a month / 21.82% EAR

    These interest rates are correct as at 10/10/2022.

    The arranged overdraft rate on the Mayfair Offset Account is the same as the Lloyds Bank Mortgage Offset rate, currently Bank of England Base Rate + 0.9%.

  • Club Lloyds Mayfair High Interest Cheque Account and Club Lloyds Mayfair Current Account

    (Variable annual credit interest rate, interest paid monthly)

    Balances between

    AER %

    Gross %

    (Variable annual credit interest rate, interest paid monthly)Balances between

    £1 - £3,999.99

    AER %

    1.50%

    Gross %

    1.49%

    (Variable annual credit interest rate, interest paid monthly)Balances between

    £4,000 - £5,000

    AER %

    3.00%

    Gross %

    2.96%

    (Variable annual credit interest rate, interest paid monthly)Balances between

    Over £5,000

    AER %

    2.10%

    Gross %

    2.08%

    These interest rates are correct as at 19/11/2024.

    The interest rates apply to each part of your balance up to £5,000. Any amount over £5,000.00 will earn interest of 2.10% AER/2.08% Gross. For more information, please refer to your terms and conditions.


Savings accounts:
 

  • Mayfair Instant Access Investment Account

    Amount Invested

    Annual Interest Rate Paid - AER/Gross %

    Monthly Interest Rate Paid - AER %

    Monthly Interest Rate Paid - GROSS %

    Amount Invested

    ****£10,000,000+

    Annual Interest Rate Paid - AER/Gross %

    3.95

    Monthly Interest Rate Paid - AER %

    3.95

    Monthly Interest Rate Paid - GROSS %

    3.88

    Amount Invested

    ***£5,000,000 - £10,000,000

    Annual Interest Rate Paid - AER/Gross %

    3.80

    Monthly Interest Rate Paid - AER %

    3.80

    Monthly Interest Rate Paid - GROSS %

    3.74

    Amount Invested

    **£1,000,000 - £5,000,000

    Annual Interest Rate Paid - AER/Gross %

    2.80

    Monthly Interest Rate Paid - AER %

    2.80

    Monthly Interest Rate Paid - GROSS %

    2.76

    Amount Invested

    *£1 - £1,000,000

    Annual Interest Rate Paid - AER/Gross %

    2.10

    Monthly Interest Rate Paid - AER %

    2.10

    Monthly Interest Rate Paid - GROSS %

    2.08


    Interest rate from 19/11/2024. Interest rates are variable.

    **Interest of 2.10% AER/Gross p.a. (or monthly at 2.10% AER/2.08% Gross) will apply to any amount up to and including £1,000, 000.
    **Interest of 2.80% AER/Gross p.a. (or monthly at 2.80% AER/2.76% Gross) will apply to any amount over £1,000,000 and up to and including £5,000,000.
    ***Interest of 3.80% AER/Gross p.a. (or monthly at 3.80% AER/3.74% Gross) will apply to any amount over £5,000,000 and up to and including £10,000,000.
    ****Interest of 3.95% AER/Gross p.a. (or monthly at 3.95% AER/3.88% Gross) will apply to any amount over £10,000,000.

    Where a Mayfair Instant Access Investment account is linked to Lloyds Bank Offset, no interest is payable.

  • Mayfair Non Personal Instant Access Investment Account

    Amount Saved

    Annual Interest Rate Paid - AER/Gross %

    Monthly Interest Rate Paid - AER%

    Monthly Interest Rate Paid - Gross %

    Amount Saved

    ***£5,000,000+

    Annual Interest Rate Paid - AER/Gross %

    3.80

    Monthly Interest Rate Paid - AER%

    3.80

    Monthly Interest Rate Paid - Gross %

    3.74

    Amount Saved

    **£1,000,000 - £5,000,000

    Annual Interest Rate Paid - AER/Gross %

    2.80

    Monthly Interest Rate Paid - AER%

    2.80

    Monthly Interest Rate Paid - Gross %

    2.76

    Amount Saved

    *£1 - £1,000,000

    Annual Interest Rate Paid - AER/Gross %

    2.10

    Monthly Interest Rate Paid - AER%

    2.10

    Monthly Interest Rate Paid - Gross %

    2.08


    Interest rate from 19/11/2024. Interest rates are variable.

    *Interest of 2.10% AER/Gross p.a. (or monthly at 2.10% AER/2.08% Gross) will apply to any amount up to and including £1,000, 000.
    **Interest of 2.80% AER/Gross p.a. (or monthly at 2.80% AER/2.76% Gross) will apply to any amount over £1,000,000 and up to and including £5,000,000.
    ***Interest of 3.80% AER/Gross p.a. (or monthly at 3.80% AER/3.74% Gross) will apply to any amount over £5,000,000.

Estate Administration and Professional Trustee Services

  • Estate/Trust Income Account

    Amount Invested

    AER/Gross %

    Gross %

    Amount Invested

    All Balances

    AER/Gross %

    1.30

    Gross %

    1.30

    Interest rates from 29/10/2024.

    Debit interest:

    Estate/Trust Income Account – debit interest

     

    Annual Rate

     

    Payable Half Yearly

    Annual Rate

    Base+3 %

    Interest rates from 08/11/2001.

 

Credit glossary

AERAERAER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advert for a savings product will contain an AER you can compare more easily what return you can expect from your savings over time.

Gross rateGross 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.

Debit glossary

APRAPR (annual percentage rate)The APR (annual percentage rate) gives you a single figure that includes the actual interest rate over the life of the loan as well as all the normal costs (such as administration fees or annual charges). It doesn't include additional charges such as fees for early or late repayment.

EAREAR (effective annual rate)EAR is the annual interest rate of an overdraft. This means you are charged over the year based on how often and how much you are overdrawn by, and the effect of compounding it – charging interest on interest already charged. This does not include any other fees and charges.

Representative ratesRepresentative ratesThe representative APR is the rate you will see in advertisements. This is the APR that the lender applies to most successful loan applicants, but isn't necessarily the rate you'll be offered. Lenders have to offer the representative APR rate to at least 51% of borrowers of any particular offer. Depending on your credit history, you may be quoted a lower rate or a higher one.

Total amount repayableTotal amount repayableThis is the total amount of money you have to repay over the entire life of the loan - the amount you borrowed plus all interest charges and fees.

Interest Rate Paid

 

Important legal information

Lloyds and Lloyds Bank are trading names of Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.

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