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Club Lloyds savings accounts
Upgrade or switch to Club Lloyds
Club Lloyds current account customers can also benefit from exclusive interest rates on savings accounts, with the flexibility of instant access. Â
To apply for a Club Lloyds savings account, first you’ll need a Club Lloyds current account, a £3 monthly fee may apply.
Offering preferential account rates and lifestyle benefits, why wait to join the club?
Compare Club Lloyds savings accounts
If you're a Club Lloyds current account customer and you're looking for a savings account or tax-free ISA, we've got several options you might like to consider.
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Account |
Interest rate |
Minimum deposit |
Open |
Withdrawals |
|
|---|---|---|---|---|---|
|
Account |
Interest rate 3.70% AER/3.64% tax-free variable if you make 3 or fewer withdrawals. 1.05% AER/1.04% tax-free variable if you make 4 or more withdrawals. Interest is paid monthly. |
Minimum deposit £1 |
Open For 1 year. Your account will then change to an Instant Cash ISA.
|
Withdrawals Unlimited. If you make 4 or more withdrawals, you’ll get the lower interest rate from the month you make the 4th withdrawal, until the end of the account year. |
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|
Account |
Interest rate 3.70% AER/3.64% gross variable if you make 3 or fewer withdrawals. 1.05% AER/1.04% gross variable if you make 4 or more withdrawals. Interest is paid monthly. |
Minimum deposit £1 |
Open For 1 year. Your account will then change to a Standard Saver. |
Withdrawals Unlimited. If you make 4 or more withdrawals, you’ll get the lower interest rate from the month you make the 4th withdrawal, until the end of the account year. |
|
|
Account Only available to Club Lloyds current account holders. |
Interest rate 1.45% AER/gross on balances of £1-£24,999. 1.55% AER/gross on balances of £25,000-£99,999. 1.90% AER/gross on balances of £100,000 or more. Interest is variable. Choose to receive interest monthly, or after each year. Rate applies to the full balance. |
Minimum deposit £1 |
Open For 1 year. Your account will then change to a Standard Saver. |
Withdrawals Instant |
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|
Account |
Interest rate 6.25% AER/gross fixed. Interest is paid after a year.
|
Minimum deposit £25-£400 each month. |
Open 1 year. Your account will then change to a Standard Saver. |
Withdrawals Instant. |
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|
Account |
Interest rate 1.15% tax-free/AER on balances from £1-£24,999. 1.25% tax-free/AER on balances of £25,000-£99,999. 1.60% tax free/AER on balances of £100,000 or more. An extra 0.30% tax free/AER will be added if you already have a Club Lloyds or Private Banking personal current account. Interest is variable. Choose to receive interest monthly, or after each year. Rate applies to the full balance. |
Minimum deposit £1 |
Open For 1 year. Your account will then change to an Instant Cash ISA. |
Withdrawals Instant. |
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Account If you have a Club Lloyds Saver, Club Lloyds Monthly Saver, Club Lloyds, Advantage Saver, Easy Saver, Monthly Saver, Fixed Bond, Online Fixed Bond, Lend a Hand Fixed Savings Account or Smart Start savings account with us, it will change into this account at the end of its term. |
Interest rate 1.30% AER/gross on balances from £1 - £24,999. 1.35% AER/gross on balances from £25,000 - £99,999. 1.80% 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 as it was on your previous account. |
Minimum deposit £1 |
Open No end date. |
Withdrawals Instant |
You cannot apply directly for this account. |
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Account If you have an adult cash ISA with us, it will change into this account at the end of its term.
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Interest rate 1.15% AER/tax free on balances from £1 - £24,999. 1.25% AER/tax free on balances from £25,000 - £99,999. 1.60% AER/tax free 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 as it was on your previous account. |
Minimum deposit £1 |
Open No end date. |
Withdrawals Instant |
You cannot apply directly for this account. |
More about Club Lloyds savings accounts
Tax treatment depends on individual circumstances and may change in the future.
Interest on savings
Interest rates are subject to change. You can check current interest rates online at any time.
Useful savings terms
AER, or Annual Equivalent Rate
AER helps you to understand how much interest you would earn from your savings over the course of a year. The percentage figure is also useful when comparing savings accounts.
This accounts for compound interest. That's interest earned on top of any interest you've already been paid, which forms part of your total savings balance.
Gross
This is the percentage of interest you would earn from your savings before tax.
Tax Free
Interest on child savings account and ISAs is usually exempt from tax.
Adults may be able to earn some interest from their savings each year without paying tax, subject to your personal allowance on earnings, starting rate for savings or personal savings allowance. You also have an annual allowance for ISAs, helping you to save in a tax efficient way.
Why choose a Club Lloyds savings account?
Not a Club Lloyds customer?
If you’re in the market for a new current account, as well as a savings account, why not explore the benefits of Club Lloyds, Club Lloyds Silver or Club Lloyds Platinum? Choose a packaged bank account to suit your needs and interests.
Frequently asked questions
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How much you keep in your Club Lloyds savings account is up to you. The more you keep in your account, the more earning potential you could have through interest.
Some accounts may have a minimum and maximum amount you can save, so it’s worth double checking the terms of your Club Lloyds savings account.
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Yes, deposits of up to £85,000 are protected by the Financial Services Compensation Scheme (FSCS).
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Fixed savings accounts usually offer higher interest rates than instant access savings accounts which give you more flexible access to your money.
Club Lloyds savings accounts feature exclusive interest rates for existing club current account holders, plus the flexibility to withdraw money as and when you need it.
Just be aware that each time you withdraw money from a savings account, the amount of money you earn in interest will drop. Selected Club Lloyds savings accounts will reward you with a higher interest rate if you limit the frequency of your withdrawals.
Financial Services Compensation Scheme
Eligible deposits held with us are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK’s deposit guarantee scheme.
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