Lloyds Bank’s top savings rates get… rated

Despite declining branch numbers, Lloyds Bank remains one of the most trusted names in British banking. But can you trust it to offer decent savings rates? We've broken down Lloyds' current range by type and held its best rates up against the market leaders right now. Lloyds Bank's top savings rate of 8% is available on one of its easy access accounts.

Easy access savings accounts

Lloyds Bank's top easy access rate of 8% is the best currently on the market. Compare more instant and easy access accounts up to 8%

Cash ISAs

Lloyds Bank's best cash ISA rate of 4.65% is very slightly lower than today's market-best rate of 4.75%. Compare more ISAs up to 4.75%

Fixed-rate bonds

Lloyds Bank's best fixed-rate bond rate of 4.4% is slightly lower than today's market-best rate of 5%. Compare more fixed-rate bonds up to 5%

Notice savings accounts

Lloyds Bank's best notice savings account rate of 4.3% is very slightly lower than today's market-best rate of 4.35%. Compare more notice savings accounts up to 4.35%

Regular savings accounts

Lloyds Bank's top regular savings account rate of 7.5% is the best currently on the market. Compare more regular savings accounts up to 7.5%

Business savings accounts

Lloyds Bank's best business savings account rate of 4.55% is very slightly lower than today's market-best rate of 4.76%. Compare more business savings accounts up to 4.76%

What is Lloyds Bank's best savings account with the highest interest rate?

The best savings account depends on what you want from your savings. If you're after fast access to your money, then an easy-access account should suit you. However, if you're happy to lock your money away for a time to access a higher rate, then a fixed-rate bond is a good option.

Finally, if you're looking to maximise your returns and shield them from income tax, consider an ISA. Below, we've listed the different types of accounts Lloyds Bank offers, plus the highest interest rate currently available.

Savings account types include	Easy access, cash ISAs, fixed-rate bonds, notice accounts, regular savers, business
Best easy access rate	8%
Best cash ISA rate	4.65%
Best fixed-rate bond rate	4.4%
Best notice account rate	4.3%
Best regular saver rate	7.5%
Best business savings account rate	4.55%
Fixed bond terms	1 year - 2 years
Notice account periods available	14 days - 180 days
Opening options	Branch, website, mobile app, telephone
FSCS protection

Other popular accounts

Didn’t find the account type you were looking for? Check our other guides:

• Lloyds Bank current accounts
• Lloyds Bank student and graduate accounts
• Lloyds Bank kids’ accounts

How do I decide which account is for me?

Firstly, you need to decide what you’re looking for in a savings account. How often are you planning to draw out money? How much money can you afford to save each month?

You need to work out what you need before comparing the different offers available for certain types of savings accounts. Once you have done that, it’s useful to look at:

• Interest rates
• Fees (if there are any)
• Access to cash (if you need quick access, for instance)

How to open a Lloyds savings account

• With all Lloyds savings accounts you must be 16 or older
• You must also be a resident in the UK for tax purposes
• Most of the accounts discussed can be opened at a branch, online or over the phone

Does Lloyds offer online or mobile banking?

Yes, Lloyds offers online and mobile banking services, so you can bank with ease wherever you are. Well, at least somewhere with Internet connection.

What are the pros and cons of banking with Lloyds?

Customer service information for Lloyds

Email support
Telephone support
In-app or live chat
Contact form
Branch support

Bottom line

Whether you want to lock away your money for a fixed amount of time, or need to be able to access it whenever required, Lloyds offers a range of savings accounts and other options to help you manage your money.

Don’t forget to check our top savings rates round-up first, though, to see how Lloyds savings accounts weigh up against the competition in terms of rates, fees and perks.

Frequently asked questions

• Is Lloyds safe?

  Lloyds is covered by the FSCS, so your savings are protected for up to £120,000 with the bank. In addition, Lloyds Bank plc is authorised by the Prudential Regulation Authority, and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables is provided by Defaqto. In other cases, Finder has sourced data directly from providers.