This comparison simply includes all savings accounts.
Lloyds Savings Accounts
Why we like it: Interest paid annually. Unlimited deposits and withdrawals. Open and manage online. FSCS Protected. Must be UK resident and be aged 18 or older
Why we like it: Instant access to your savings. Unlimited deposits and withdrawals. Interest paid monthly, either to a linked current account, or adding it to your Online Flexi Saver account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Must be aged 18 or older and have a UK address. Must have a linked UK current account. Your eligible deposits with Investec Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)
Why we like it: Which? Recommended Savings Provider. No notice period. Deposit from £100. Interest paid monthly or annually. Apply in minutes. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services. Compensation Scheme (FSCS)
Why we like it: Unlimited payments and withdrawals. Interest paid annually. Open in a single or a joint name. Maximum deposit £250,000. FSCS Protected. Winner of Platinum Feefo Trusted Service Award in 2024. Must be UK resident and be aged 18 or older
Why we like it: Interest calculated monthly. Unlimited deposits and withdrawals. Open and manage online. FSCS Protected. Must retain a minimum balance of £20,000 in the account. Must be UK resident and be aged 18 or older
Why we like it: All funds deposited into the RCI Bank E-Volve Savings 14 Day Notice Account will be used to fund pure electric vehicles and charging facilities. Interest paid monthly or annually. Manage account online. UK-based support, seven days a week. Which? Recommended Savings Provider. Unlimited withdrawals subject to 14 days notice. Must be UK resident. Must be aged 18 or older. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)
Why we like it: The interest rate tracks the Bank of England (BoE) Base Rate. Interest is calculated on the minimum daily balance and applied to the account on the first day of every subsequent month. Open and manage account online. Your eligible deposits are protected up to £85,000 by the Financial Services Compensation Scheme. The maximum deposit you may pay into any one OakNorth Account is £500,000. The maximum amount (excluding the interest) that you will be allowed to hold on deposit with OakNorth Bank across multiple accounts is also £500,000. Unlimited withdrawals, subject to 95 days notice. Available to individuals, aged 18 or over, who are UK residents
Why we like it: Unlimited deposits and withdrawals. Interest paid monthly: can be added to your Notice Saver or paid to your linked account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Withdrawals subject to 90 days notice. Must be aged 18 or older and have a UK address. Must have a linked UK current account
Why we like it: 3 penalty-free withdrawals in a 12 month period. 3.82% AER (variable tracker) + 0.68% AER 12 month boost. 3.75% gross variable tracker. Interest paid monthly. Deposit and withdraw almost instantly. No fees or charges for holding account. FSCS eligible on your deposits. After 3 withdrawals within a 12 month period the rate will revert to either 3.40% AER (variable tracker with boost applied) or 2.72% AER (variable tracker) for the remainder of the 12 month period since opening the account. Must be UK resident. Must be aged 18 or older
Why we like it: 9 month term, minimum deposit £1,000, no withdrawals permitted. FSCS Protected
Why we like it: Interest paid on maturity. Automatic repayment to your linked account. Maximum deposit £250,000. FSCS Protected. Must have a UK residential address and be aged 18 or older. No withdrawals permitted
Why we like it: 1 year term, minimum deposit £1,000, no withdrawals permitted. FSCS Protected
Compare Lloyds savings accounts
Lloyds offer a variety of savings accounts to match the needs of different kinds of savers. Working out which account is best for you means thinking about how much you want to save, how long you want to do it over and how much money you can commit, either as a lump sum or on a regular basis.
By comparing these factors to the various types of accounts Lloyds offer (see below) you can make an informed choice that will help you meet your saving goals.
Current Accounts
Getting the best interest rate for smaller sums often means keeping your money in your current account.
If your savings go over the limit on which your current account will pay interest, however, you will need to look into moving the balance elsewhere. You also need to be wary of the fact that some accounts will pay a high introductory rate for a fixed period which can then drop significantly.
Instant Access Savings Accounts
If you want to be able to add to and take money from your savings whenever you need to, an instant access account is likely the best choice. You will often be issued with a cash card, so you can make withdrawals from cash machines, and will likely have the option for phone and online banking too.
One thing to note is that many instant access accounts limit the number of withdrawals you can make each year, and you may have to pay a penalty if you exceed this.
Regular Savings Accounts
Regular savings accounts are designed to allow you to put away small monthly deposits with the aim of building up a large nest egg over time. There will normally be minimum and maximum monthly deposits, and there may be a limit on how many withdrawals you can make per year.
Regular savings accounts generally offer good rates of interest, but it takes a while to build up significant capital, so your initial returns from this may be modest.
Fixed Rate Bonds
Fixed rate bonds offer guaranteed (and often very attractive) rates of interest for a set period. During this period you are normally not able to add or remove any funds to or from the account, so you need to be sure you won’t need the money any time soon. The longer the life of the bond, the more money you will normally get back in interest.
Cash ISAs
ISAs allow UK taxpayers to earn interest on the money deposited in them without paying tax on that interest. There is a limit to how much you can place into an ISA each year, which is determined by the UK government. For the 2017/18 tax year that amount is £20,000.
The two main types of cash ISAs are instant access and fixed term. Instant access cash ISAs offer variable interest rates, but you can add and remove money from them whenever suits you. Fixed term ISAs only last for a set period, during which you cannot deposit extra funds or withdraw money, but in exchange you get a fixed rate of interest for the life of the bond.
Find the best Lloyds savings account for you
Our savings account comparison tool, found at the top of this page, makes it easy to compare the different types of savings accounts available from across the market and see which is currently offering the best deal. That way you can be confident you are getting the most possible back from your money.
