Go paper-free
Amend paper-free preferences for your statements and correspondence.
Club Lloyds Advantage Saver
A savings account for Club Lloyds customers that pays more interest if you make fewer withdrawals.
Please read the summary box before applying
Summary box for the Club Lloyds Advantage Saver
-
Earn 3.50% AER/3.45% gross variable interest on balances from £1 if 3 or less withdrawals are made in the 12 months after opening.
Earn 1.00% AER/gross variable interest on balances from £1 if 4 or more withdrawals are made in the 12 months after opening. This lower interest rate will apply from the month you make the fourth withdrawal until the end of the account year.Interest is paid monthly, on the same date you open your account.
-
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, 66KB) 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, please see our guide to changes (PDF, 80KB).
-
For example, if you deposit £1,000 when you open the account and make no withdrawals, the balance after 12 months will be £1,035.05.
If you deposit £1,000 when you open the account and withdraw £10 on the first day of the month for the first four months of the term, the balance after 12 months will be £975.68.
This assumes:
- You make the deposit on the day you open the account.
- You don’t add any more money.
- The interest rate stays the same.
-
You can open and manage this account:
- online
- on our app
- in branch
- by phone.
You can open the account if you’re:
- aged 18 or over
- a UK resident
- a Club Lloyds customer.
To be a Club Lloyds customer, you must have one of the following current accounts:
- Club Lloyds.
- Club Lloyds Silver.
- Club Lloyds Gold.
- Club Lloyds Platinum.
- Club Lloyds Premier.
- Club Lloyds Mayfair Current Account.
- Club Lloyds Mayfair High Interest Cheque Account.
- Club Lloyds Private Banking Premier Current Account.
- Club Lloyds Private Banking Account.
Bear in mind:
- You can have up to five Club Lloyds Advantage Saver accounts and name each one.
- You need to open the account in sole name but you can make it joint once it's open.
- Open with just £1.
- If you change your mind, you can cancel the account free of charge within 30 days of opening.
-
Yes. You can make as many withdrawals as you like from this account and there are no charges for doing so.
You will get a higher rate of interest if you make 3 or less withdrawals in the twelve months from opening. If you make 4 or more withdrawals, you’ll get a lower interest rate from the month you make the fourth withdrawal until the end of the account year.
If making an online transfer, it can only be made to an existing Lloyds Bank account.
After 12 months, your account will change to a Standard Saver. Before this happens, we’ll contact you to explain your options and next steps.
-
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.
Open a Club Lloyds Advantage Saver today
Please read the summary box and the terms and conditions (PDF, 66KB) before you start.
We’re making some changes to our conditions on 02 June 2025. For details, please see our guide to changes (PDF, 80KB).
You may also like
