• Local Authority interest rates

     

    For all deposit accounts below, there is a minimum opening balance of £10,000 and a maximum balance of £5,000,000 and interest rates apply to deposits in sterling only. For deposits over £5,000,000, alternative terms or for more information on interest rates in other major currencies, please call us on 0345 305 5555. We are available 8am to 5pm Monday to Friday.

    All interest rates quoted below are for Local Authorities only. Other exclusions may apply, please contact your Relationship Team or call 0345 305 5555 should you have any queries.

  • DEPOSIT ACCOUNTS TERM AER/GROSS* p.a. INTEREST RATE INTEREST PAYMENT
    32 Day Notice Call Account** No set term 32 days’ notice required to make withdrawals or close the account Bank of England Bank Rate 0.50% (variable) plus 0.07% (fixed) Calculated and paid daily
    95 Day Notice Call Account** No set term 95 days’ notice required to make withdrawals or close the account Bank of England Bank Rate 0.50% (variable) plus 0.20% (fixed)  Calculated and paid daily
    175 Day Notice Call Account** No set term 175 days’ notice required to make withdrawals or close the account Bank of England Bank Rate 0.50% (variable) plus 0.25% (fixed) Calculated and paid daily
    3 Month Fixed Term Deposit (FTD) 3 months 0.50% (fixed) At maturity
    6 Month Fixed Term Deposit (FTD) 6 months 0.60% (fixed) At maturity
    9 Month Fixed Term Deposit (FTD) 9 months 0.70% (fixed) At maturity
    12 Month Fixed Term Deposit (FTD) 12 months 0.85% (fixed) At maturity
    Term Deposit with fixed maturity date Maturity date 27/06/2018 0.60% (fixed) At maturity
    Term Deposit with fixed maturity date Maturity date 13/11/2018 0.80% (fixed) At maturity
  • *AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advertisement for a savings product, which quotes an interest rate, will contain an AER you will be able to compare more easily what return you can expect from your savings over time. Gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.

    **Product is linked to the current Bank of England Bank Rate. If you make a Withdrawal from your Notice Account, the Interest Rate applied to the funds to be withdrawn will be the Reversion Rate. The Reversion Rate will apply for the duration of the notice period, from the date we receive your Withdrawal Instruction. Interest on the funds to be withdrawn will be paid at the end of the notice period.

    *** Rates stated are available as at 15th December 2017 and expire on 8th February 2018. Lloyds Banking Group maintains the right to withdraw rates at our discretion during the offer period.

    Interest accrued on our Term Deposits are paid on maturity, unless the Term Deposit has a term of more than one year, in which case, accrued interest is paid annually and any remaining interest is paid at maturity.

    Terms and conditions apply; please contact us for further information.

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Lloyds Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Telephone: 0207 626 1500.

Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Registration Number 119278.

Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.