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Easy Saver
Saving is simple with our Easy Saver account. Open with just £1, save what you like and withdraw your money when you want to.
Please read the summary box before applying
Summary box for the Easy Saver
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1.10% AER/gross on balances from £1 - £24,999.
1.20% AER/gross on balances from £25,000 - £99,999.
1.35% AER/gross on balances of £100,000 or more.
The interest rate is variable and applies to the full balance. Interest is paid 12 months after opening the account.
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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, 51KB) 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).
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For example, if you deposit £1,000.00 when you open the account, the balance after 12 months will be £1,011.00.
If you deposit £25,000.00 when you open the account, the balance after 12 months will be £25,300.00.
If you deposit £100,000.00 when you open the account, the balance after 12 months will be £101,350.00.
This assumes:
- the interest rate stays the same for 12 months
- you make your deposit on the day you open the account and you don't add more money after that
- you don't withdraw any money or interest.
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You can manage your account:
- online
- on our app
- in branch
- by phone.
You can open this account if you’re 16 years or over and a UK resident.
If you have a Smart Start savings account with us, it'll change into this account at the end of its term.
Open with just £1. There is no maximum deposit limit.
Online applications must be made in your sole name. To make it joint, please go into the branch or call us.
Open up to five Easy Saver accounts and name each one.
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Yes. You can make unlimited withdrawals with no charges. You can withdraw money in any of our branches. You can only transfer online to a Lloyds Bank account in your name.
After 12 months, your account will change to a Standard Saver. We'll contact you in advance to explain your options and next steps.
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Savings terms explained
Gross rate means we won’t take tax from the interest we pay on money in your account. You’ll 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’ll 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.
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