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Fixed-rate savings
Earn a fixed rate of interest by putting away your savings for a longer term. Browse fixed savings account options with Lloyds today.
What is a fixed-rate savings account?
These accounts offer you a fixed rate of interest over a set period - known as a term - spanning anything from one to three years.
Your interest returns could be higher with a fixed rate account, compared to an instant access account. The main reason for that is they're much less flexible.
Although you may be able to withdraw money, charges usually apply - cutting the value of any interest you've earned. But if you can afford to lock your money in, a fixed savings account can be an effective way to put your money to work.
Compare fixed-rate savings accounts
Whether you’re saving for a planned project or just want the reassurance of a growing safety net, a fixed rate-savings account could help.
Compare fixed-rate and fixed-term savings accounts from Lloyds, including fixed cash ISAs and bonds.
|
Account |
Interest rate |
Minimum deposit |
Open |
Withdrawals |
Where next? |
|---|---|---|---|---|---|
|
Account |
Interest rate 4.25% AER/tax-free fixed. Choose to receive interest monthly or at the end of the term. |
Minimum deposit £3,000 |
Open For 1 year. Your account will then change to an Instant Cash ISA.
|
Withdrawals Charges apply. |
Where next? Learn more about 1 Year Fixed Rate Cash ISA. |
|
Account |
Interest rate 4.00% AER/tax-free fixed. Choose to receive interest monthly or after each year. |
Minimum deposit £3,000 |
Open For 2 years. Your account will then change to an Instant Cash ISA. |
Withdrawals Charges apply. |
Where next? Learn more about 2 Year Fixed Cash ISA. |
|
Account |
Interest rate 3.90% AER/gross fixed for a 1-year term. 3.80% AER/gross fixed for a 2-year term. Interest is paid after each year. |
Minimum deposit £2,000 |
Open For 1 or 2 years. Your account will then change to a Standard Saver. |
Withdrawals By account closure only. Charges apply. |
Where next? Learn more about Online Fixed Bond. |
|
Account Lend a Hand Fixed Savings Accounts Only available if you or the mortgage applicant has a Club Lloyds current account. |
Interest rate 3.90% AER/gross fixed. Interest is paid after each year. |
Minimum deposit 10% of the property purchase price. |
Open For 3 years. Your account will then change to a Standard Saver. |
Withdrawals No withdrawals or early closure while your money is being held as security against a Lend a Hand Mortgage. |
Where next? Learn more about Lend a Hand Fixed Savings Account. |
|
Account If you have any of the following accounts with us, it'll change into a standard saver at the end of its term.
|
Interest rate 1.15% AER/gross on balances from £1 to £24,999. 1.25% AER/gross on balances from £25,000 to £99,999. 1.60% AER/gross on balances from £100,000 or more. Interest is variable and applies to the full balance. It is paid at the same frequency as your original savings account. |
Minimum deposit £1 |
Open There's no end date. |
Withdrawals Unlimited. |
Where next? You can't apply direct for a Standard Saver. |
|
Account If you have an adult cash ISA with us, it will change into this account at the end of its term.
|
Interest rate 1.10% AER/tax-free on balances from £1 to £24,999. 1.20% AER/tax-free on balances from £25,000 to £99,999. 1.35% AER/tax-free on balances from £100,000 or more. Interest is variable and applies to the full balance. It is paid at the same frequency as your original ISA. |
Minimum deposit £1 |
Open There's no end date. |
Withdrawals Unlimited. |
Where next? You can't apply direct for an Instant Cash ISA. |
Tax treatment depends on individual circumstances and may change in the future.
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Interest on savings
Interest rates are subject to change. You can check current interest rates online at any time.
Why choose a Lloyds fixed-savings account?
Let’s look at the details
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A fixed-rate savings account can be a good idea if you have a lump sum of money to save that you can afford to keep locked away for a fixed term. This gives you an interest rate that stays the same during the account’s term.
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Whether you can withdraw money from a fixed-rate savings account, really depends on the terms that apply. Many accounts don’t allow you to withdraw funds before the date of maturity.
Others may allow you to withdraw, but charges usually apply – cutting the value of any interest you’ve earned. In some cases, you may also have to close your account.
Check the terms and conditions before opening a savings account with a fixed rate and term.
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It depends on what type of fixed-rate savings account you have. Fixed-rate cash ISAs with Lloyds change to Instant Cash ISAs after the term ends. Fixed Bonds and the Lend a Hand Fixed Savings Account change to Standard Saver accounts at the end of their terms.
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A fixed-rate savings account could be an option if you have a lump sum of money. You can lock the money away and earn a higher rate of interest than with other types of savings accounts. And you won’t be tempted to chip away at the money by withdrawing whenever you like.
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