Which Lloyds savings account suits you depends mostly on two things: whether you hold a Club Lloyds current account, and whether you’re saving a set amount each month or putting away a lump sum. As of 28 September 2026, the Club Lloyds Monthly Saver pays 6.25% AER fixed on £25 to £250 a month for 12 months, the standard Monthly Saver pays 5.00% AER fixed, and the Easy Saver pays up to 1.00% AER variable. Savings rates change often, so confirm the current rate with Lloyds before you open anything.
This page is part of our guide to Lloyds Bank. The rates in the table are from Lloyds’ savings rate table on 28 September 2026.
Lloyds savings rates as of 28 September 2026
| Account | Rate (AER) | Who can open it | Access | Minimum |
|---|---|---|---|---|
| Club Lloyds Monthly Saver | 6.25% fixed, paid after 12 months | Qualifying current account (see the list below) | Unlimited withdrawals | £25 to £250 a month |
| Monthly Saver | 5.00% fixed, paid after 12 months | Any Lloyds current account (Club Lloyds and Premier customers use the Club version) | Unlimited withdrawals | £25 to £250 a month |
| Club Lloyds Advantage Saver | 3.00% variable with up to 2 withdrawals a year; 0.65% from the 3rd | Qualifying current account | Limited | £1 |
| Limited Access Saver | 3.00% variable with up to 2 withdrawals a year; 0.65% from the 3rd | Anyone eligible | Limited | £1 |
| Club Lloyds Saver | Up to 1.20% variable, depends on balance | Qualifying current account | Instant, unlimited | £1 |
| Easy Saver | Up to 1.00% variable, depends on balance | Anyone eligible (up to 5 accounts) | Instant, unlimited | £1 |
| Online Fixed Bond | 4.00% fixed for 1 year; 4.10% fixed for 2 years (rates as of 29 September 2026) | Anyone eligible | No withdrawals, closure only | £500 |
| 1 Year Fixed Rate Cash ISA | 4.00% tax-free fixed | Anyone eligible | No withdrawals, closure only | £500 |
| 2 Year Fixed Rate Cash ISA | 4.10% tax-free fixed | Anyone eligible | No withdrawals, closure only | £500 |
| Club Lloyds Advantage ISA Saver / Limited Access ISA | 3.00% tax-free variable with up to 2 withdrawals a year; 0.65% from the 3rd | Club version needs a qualifying current account | Limited | £1 |
| Cash ISA Saver | Up to 1.00% tax-free variable, plus 0.20% with a qualifying current account | Anyone eligible | Instant, unlimited | £1 |
Lloyds Premier customers whose account has been open at least 8 days get an extra 0.20% AER on the 1-year Online Fixed Bond and the 1 Year Fixed Rate Cash ISA. Lloyds also has children’s accounts (Child Saver, Smart Start, Junior Cash ISA), which aren’t covered here.
How to choose between them
- Saving from your pay each month: the two Monthly Savers. They fix the rate for 12 months, and you can pay in anything from £25 to £250 a month. On 28 September 2026 the Club version paid 6.25% AER and the standard one 5.00% AER, but the Club version needs a qualifying current account (see the worked example further down).
- Money you might need at short notice: the Easy Saver or, for Club customers, the Club Lloyds Saver. Both have unlimited instant withdrawals, at variable rates of up to 1.00% and up to 1.20% AER respectively as of 28 September 2026.
- Money you’ll rarely touch but don’t want to lock away: the Limited Access Saver or Club Lloyds Advantage Saver. If you make a 3rd withdrawal, Lloyds pays 0.65% from that month to the end of the 12-month term, so they suit a pot you dip into once or twice a year at most. The Limited Access Saver is open to UK residents aged 16 or over, and changes to a Standard Saver after its 12 months.
- A lump sum you won’t need for a year or two: the Online Fixed Bond or a fixed rate cash ISA. For the Online Fixed Bond you need to be 16 or over and a UK resident, and you must pay in at least £500 within 10 days of opening it, after which you can’t add more. You can’t make withdrawals, only close the account (for the bond, in a branch with a counter), and closing early costs interest (90 days’ interest on the 1-year bond and 1-year ISA, 180 days’ on the 2-year versions), which Lloyds says can mean getting back less than you paid in, so don’t use money you might need. At the end of its term the bond changes to a Standard Saver.
Tax. Interest in a cash ISA is tax-free. Interest in the other accounts is paid gross and may be taxable if it goes over your Personal Savings Allowance; our guide to the Personal Savings Allowance explains how much interest you can earn tax-free, and our ISA allowance guide covers how much you can put into ISAs each tax year.
If you want to compare Lloyds with other banks, see our guides to regular saver accounts and easy access savings accounts.
The Club Lloyds Monthly Saver in detail
You can open a Club Lloyds Monthly Saver if you have a qualifying current account (the list is under “How to open” below), are 18 or over, live in the UK, and haven’t opened a Club Lloyds Monthly Saver or Monthly Saver in the last 12 months. You can only hold one of the two at a time, in your sole name or jointly. How it works, according to Lloyds:
- You pay in £25 to £250 a month, by one standing order or by bank transfer, and it must reach the account before the 25th of the month. You can top up by transfer as long as the month’s total stays within £250. The amount can vary from month to month.
- You can take money out whenever you like, with no charge and no effect on the rate. Online, you can only move it to another Lloyds account, and because of the £250 monthly cap you may not be able to pay back what you take out.
- The rate is fixed for the 12 months and interest is paid at the end.
- After 12 months Lloyds pays the interest and changes the account into a Standard Saver (up to 1.00% AER variable as of 28 September 2026). You can then open a new Monthly Saver, but you’ll need a new standing order to it; cancel the old one unless you want to keep paying into the Standard Saver. If you’re not sure whether you’ve set up a standing order or another kind of regular payment, our direct debit vs standing order guide explains the difference.
- If you close it within 12 months, you can’t open another until the anniversary of the opening date.
The standard Monthly Saver works the same way (the same monthly limits, one account every 12 months, conversion to a Standard Saver at the end), but you need a Lloyds current account of any kind, you can open it from age 16 if you’re a UK resident, and Club Lloyds and Premier customers have to open the Club version instead.
Worked example. Lloyds’ own example: if you pay in £250 every month for 12 months (in the middle of each month, with no withdrawals), you’ll have £3,093.75 after interest. That’s £3,000 of your own money plus £93.75 interest, at the 6.25% rate on 28 September 2026. On the same assumptions, the standard Monthly Saver at 5.00% would pay £75.00, a difference of £18.75 over the year. Club Lloyds costs £5 a month, refunded in each month you pay in at least £2,000, so the Club saver only comes out ahead if you’d have the current account anyway or pay in enough each month to avoid most of the fee. What else the Club Lloyds account includes is covered in our Lloyds Bank overview.
Is your money protected?
Eligible deposits are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per person, per bank (strictly, per authorised firm, so brands that share one firm share one limit). The FSCS limit has been £120,000 since 1 December 2025. Joint accounts are covered up to that limit for each eligible account holder. Our guide to what happens if your bank goes bust explains how FSCS claims and payouts work.
What counts as “one bank” for Lloyds customers is less obvious than it looks. The FSCS protects eligible deposits up to £120,000 per person at each authorised bank, and Lloyds Bank plc and Bank of Scotland plc, which includes Halifax, are separate banks with a limit each.
- Lloyds Bank plc's one limit covers Lloyds, Lloyds Bank, Mayfair Private Banking, Lloyds Private Banking, Lloyds Bank Private Banking, MBNA and Scottish Widows Bank.
- Halifax deposits count within Bank of Scotland plc, separately from money with Lloyds Bank plc.
- Bank of Scotland plc's one limit covers Halifax, Bank of Scotland, Bank of Scotland Private Banking, and Lloyds and Lloyds Bank accounts provided by Bank of Scotland plc.
- A Lloyds or Lloyds Bank account with a sort code starting 30 or 77 is protected with Lloyds Bank plc; one starting 11 is protected with Bank of Scotland plc.
- Lloyds accounts with Bank of Scotland plc are those changed from Halifax to Lloyds since July 2026, with a sort code starting 11.
So savings split between Lloyds Bank plc and Halifax are protected up to £120,000 at each. Our Lloyds sort code guide shows where to find yours.
How to open a Lloyds savings account
Existing Lloyds customers can open the Club Lloyds Monthly Saver online, in the app, by phone or in a branch; new customers can open it online only. If your Club Lloyds account is a Mayfair or Private Banking account, Lloyds asks you to call to apply. The Club products need a qualifying current account, and it doesn’t have to be Club Lloyds: Lloyds’ list includes Club Lloyds (and its Silver, Gold, Platinum and Premier versions), Lloyds Premier, Halifax Reward and Ultimate Reward, Bank of Scotland Classic, Silver, Gold, Platinum and Premier Vantage and Ultimate Reward, and a range of Private Banking and Mayfair accounts. Check the full list on Lloyds’ qualifying current accounts page, which each Club product page links to. Read the summary box and terms for the account before you apply, as they set out the rate, access rules and what happens at the end of the term.