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Online Fixed Bond - 1 Year

A fixed interest rate account for savers who have £100,000 or more to put away for one year.

Please read the summary box before applying

Who this account is for

  • You need to be aged 16 or over and  a UK resident.
  • You're ready to save at least £100,000.
  • Ideal if you want to put money away for one year. Bear in mind, you can't withdraw money from this account.

The benefits

  • Earn 1.00% gross/AER fixed interest for one year from account opening.
  • The interest rate is fixed so it won’t change during the term.
  • You can only have one Online Fixed Bond - 1 Year account.

How it works

  • Open with £100,000 or more.
  • You have 10 days from the account opening to make your deposit. After the 10 days are up, you can't make any further deposits.
  • After one year, your account will change to a Standard Saver.

Summary box for the Online Fixed Bond - 1 Year

1. What is the interest rate?

Earn 1.00% gross/AER fixed interest on balances of £1 or more for one year from account opening.

Your interest is paid every 12 months after you open the account.

2. Can Lloyds Bank change the interest rate?

No. This account has a fixed rate of interest so the rate won't change during the term.

3. What might the future balance be?

For example, if you deposit £100,000.00 when you open the account, after 12 months you will have a balance of £101,000.00 after interest is paid.

This assumes:

  • the interest rate stays the same for two years
  • interest is paid 12 months after you open the account
  • 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.

4. How do I open and manage my account?

This account can be opened and managed:

  • online
  • in branch
  • by phone.

Bear in mind:

  • you must be aged 16 or over and a UK resident
  • you need to open the account with £100,000 or more, up to a maximum of £250,000
  • you have 10 days from the account opening to make your deposit
  • you can make as many deposits as you like within these 10 days. After the 10 days are up, you can't make any further deposits
  • you can only have one Online Fixed Bond –1 Year account in your sole name. This account cannot be made joint
  • after one year, your account will change to a Standard Saver.  Before this happens, we'll contact you to explain your options and next steps.

5. Can I withdraw money?

You can’t make withdrawals from this account but you can close the account early by visiting one of our branches with a counter. Bear in mind that if you close the account before the end of the one year term, you’ll be charged the equivalent of 90 days’ gross interest. This means you may get back less than you put in.

6. Additional information

Savings terms explained

Gross rate means we won’t deduct tax from the interest we pay on money in your account. It’s your responsibility 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.

Apply for a Online Fixed Bond - 1 Year

You can open an account if:

  • you're aged 16 or over and a UK resident
  • you're ready to save at least £100,000

Please read the summary box and the terms and conditions (PDF 176KB) before you start.

Apply for an Online Fixed Bond - 1 Year

Apply for an Online Fixed Bond - 1 Year

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You can also open an account by calling us on 0345 300 0000. Our lines are open Monday to Sunday from 7am to 11pm. Or, visit us in branch.

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