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Silver Account

Silver Account at a glance

  • Classic Account customers can upgrade to a Silver Account for the monthly fee of £9.95
  • AXA European and UK Travel Insurance  – up to 65 years of age. Cover for you and your partner for up to 22 days per trip.*
  • AA Breakdown Cover – UK roadside assistance whether you’re in your own car or someone else’s.
  • Mobile phone insurance from LSG – worldwide cover for loss, theft, accidental damage, breakdown and unauthorised calls.
  • Sentinel® card protection – convenient cover for your credit, debit and store cards. One policy covers everyone in your household.
  • Switching your current account to us? We make the move as easy as possible. How we make switching easy.
  • Buying foreign currency You will no  longer be charged by us for using your Lloyds TSB Visa Debit Card to buy foreign currency from other providers in the UK.

About the Silver Account

  • A Lloyds Visa debit card you can use online and  in over 500,000 places in the UK and 27 million places worldwide.
  • Quick, easy ways to manage your money 24 hours a day, 7 days a week with Internet Banking, PhoneBank® and Mobile Banking.
  • The chance to earn monthly interest on your balance – 1.50% AER/ 1.49% gross variable on balances from £1 to £1,000 and up to 3.00% AER/ 2.96% gross variable on balances of £3,000 to £5,000. Just add Vantage to your account.
  • A way to keep track of your money across your Lloyds TSB personal current and credit card accounts with our free Internet Banking service, Money Manager.
  • £50 interest-free planned overdraft. (Subject to application and approval).
  • A £10 overdraft buffer. No overdraft fees or interest to pay if you go overdrawn by £10 or less
  • A grace period if you go over your limit. You have until 3.30pm (UK time) to pay in enough money to avoid any overdraft fees for that day.
  • Buying foreign currency. You will no longer be charged by us for using your Lloyds TSB Visa Debit Card to buy foreign currency from other proivders in the UK.

AXA European Travel Insurance

  • European Travel Insurance up to 65 years of age for you and your partner for up to 22 days per trip – No limit on the number of trips each year.
  • Comprehensive cover, including: Emergency medical cover (up to £10,000,000), Cancellation or curtailment cover (up to £5,000), Personal accident cover (up to £100,000) and Baggage cover (up to £2,500).
  • A wide range of upgrade options including winter sports and worldwide cover.
  • Go to lloydstsbavatravelinsurance.com to manage your cover more easily from wherever you are, or make a claim at a time that suits you. Alternatively call Silver Membership Services on  08456 031 839.
  • Full details and exclusions.


If you are abroad and in need of assistance, then please contact our 24 hour assistance helpline +44 1633 815 819.

Making a claim - All you need to do is call Silver Membership Services on 08456 031 839.

AA Breakdown Cover  

  • Roadside Assistance – Assistance at the roadside if you are broken down more than a quarter of a mile from home. Tow to a local garage for you, your vehicle and up to seven passengers if the AA is unable to fix your vehicle at the roadside.
  • Accident Management (underwritten by Acromas Insurance Company Limited) – Assists in arranging the repair, recovery and claim processing for vehicles following an accident or vandalism where you are claiming under your motor insurance.
  • Upgrade your AA cover with Relay, Stay Mobile or Home Start. For details and prices just call 0800 316 3563 or talk to Silver Membership Services on 08456 031 839.
  • Full details and exclusions.


If you breakdown on the road, call the AA direct on 0800 316 0096.

Mobile Phone Insurance

Your insurance, administered by Lifestyle Services Group Limited (LSG) and underwritten by London General Insurance Company Limited, covers one phone for sole Silver Account holders, while joint account holders can insure a phone for each of you.

  • Covers phones up to a maximum individual original retail cost or value of £2,000 including VAT.
  • Covers the cost of replacing the phone in the event of loss or theft or the cost of repairing (or replacing where the phone cannot be repaired).
  • Covers the cost of unauthorised calls made up to £1500, for contract phones, and up to £300 for pay-as-you-go phones.
  • Full details and exclusions.


Registering for Mobile Phone Insurance is recommended as it will simplify the claims process. Call Silver Membership Services on 08456 031 839 or register online for Mobile Phone Insurance.

Sentinel® Card Protection

Sentinel® Card Protection, provided by Affinion International Limited and underwritten by Allianz Insurance plc, provides cover against Personal Money lost or stolen abroad at the same time as the Cards, and for loss or theft of the handbag, wallet, purse or briefcase containing the Cards lost in an Incident.


This insurance only applies to residents of the UK and will be automatically cancelled if you move permanently outside of the UK.

  • Cancel and order replacement cards with just one call.
  • If your money is lost or stolen, you can claim up to £200 to replace your missing cash. We’ll also give you up to £200 to replace the missing handbag, wallet, purse and/or briefcase your cards were in.
  • If your cards go missing while you’re away from home and you find yourself with no way to make a payment, we can organise interest free cash advances for you. Cash advances are subject to status and repayable within one calendar month of receipt, (terms and conditions apply).
  • Full details and exclusions.

We recommend you register your cards with Sentinel® Card Protection. Call Silver Membership Services on 08456 031 839 or register online.

You don’t earn interest as standard with your Silver Account.  To earn higher rates of interest, add Vantage to your account for free.

Silver Account with Vantage

When you register for Vantage you can earn interest at no extra cost. You can earn up to 1.50% AER / 1.49% gross variable on balances up to £5,000.

All you have to do is:

  • stay in credit during the monthly billing period
  • pay in at least £1,000 – your salary, for example, each calendar month

Interest won’t be paid in any month that you don’t meet the conditions. Interest is not paid on balances over £5,000.

Balance AER % Gross % Net %
£1+ 1.50
 1.49 1.19
£1,000+
2.00 1.98 1.59
£3,000 up to £5,000 3.00 2.96 2.37

These interest rates are correct as at 27/06/2011.

Interest rates are variable. Customers are limited to a total of three Vantage Accounts.

Interest rates apply to your whole balance. For example, if you have £4,000 in your account you will receive an interest rate of 3.00% AER on your entire balance

How to add Vantage

As a Silver Account customer you can add Vantage to your account in Internet Banking.

Overdrafts

Manage your money with a Planned Overdraft. We offer them on most accounts.

Save The Change®

Put away the pennies every time you spend.

Debit cards

Use your card in over 500,000 UK locations and 27 million places worldwide.

Money Manager

Keep track of your spending and see at a glance where your money goes with our free Internet Banking service.

We make the move to Lloyds TSB as easy as possible – no need to rearrange your standing orders and Direct Debits.

We will:

  • Tell you when your transfer is due to complete
  • Contact your other bank for a list of your Direct Debits and standing orders
  • Set up your standing orders and ask your service providers to start claiming your Direct Debits from your Lloyds TSB account after your transfer date
  • Arrange an interest and fee-free Planned Overdraft for three months (subject to application and approval)**

Switching takes up to 14 days to complete. To take advantage of our switching service apply as normal and select the ‘switching’ option when filling in your application form.

Upgrading your account

If you already have an account with Lloyds TSB and you’re registered for Internet Banking, you can apply to upgrade online- just log on to Internet Banking.

Log on and apply Log on and apply for the Silver Added Value Account
2mins

Adding Vantage to your account

You can add Vantage to your Silver Account through Internet Banking in just a few clicks.

Register now Register now to add Vantage to your Silver Account
10mins

Glossary

Account balance

The amount of money you have in your account at a particular time.

Sometimes a balance given by a bank will include payments that have been made to your account, but are not yet available because they haven’t cleared. This means that the money has not been received by the bank and is not available to spend. The money that you can spend is sometimes called your available funds or available balance.

Added Value Account

An Added Value Account is a current account that offers a package of additional benefits for a monthly account fee. These accounts typically include travel insurance, AA Breakdown Cover, mobile phone insurance, and card protection policies.

AER

AER means Annual Equivalent Rate. It’s an easy way of comparing different interest rate offers. It illustrates what the interest rate would be if interest was paid and compounded each year.

Ways to Upgrade

Existing customers

If you’re already registered with Internet Banking

UpgradeLog on and upgrade online now for a Silver Account with Vantage
10mins

    Opening a secondary account
    You can apply for a secondary Classic  Account in Internet Banking.

    ApplyUpgrade your Silver Account with Vantage
    2mins

      Already have this account?

      Take advantage of our current account services.


      Current Account ServicesView existing customer current account services

      Why not try...

      Upgrade to our Gold Account for an extra £3 a month.

      Important legal information

      Lloyds TSB Bank plc and Lloyds TSB Scotland plc are authorised and regulated by the Financial Services Authority except for lending where we are licensed by The Office of Fair Trading. FSA authorisation can be checked on the FSA’s Register at: www.fsa.gov.uk/register. Lloyds TSB Bank plc and Lloyds TSB Scotland plc are members of the Financial Services Compensation Scheme and the Financial Ombudsman Service. We subscribe to the Lending Code; copies of the Code can be obtained from www.lendingstandardsboard.org.uk.

      Lloyds TSB Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds TSB Scotland plc. Registered office: Henry Duncan House, 120 George Street, Edinburgh EH2 4LH. Registered in Scotland No. SC95237.

      Account opening is subject to our assessment of your circumstances. You must be 18 or over and a UK resident to apply. How much we lend (if any) is subject to our assessment of your circumstances. Overdrafts are repayable in full on demand. View Planned Overdraft borrowing interest rates.

      For each month that you meet the Vantage conditions, interest is calculated daily on the balance of your account at the relevant Vantage interest rate from the second working day of that month. The interest is paid into your account at the end of the first working day of the next month. AER (Annual Equivalent Rate) – the rate if interest was paid and compounded once a year. Gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law. Rates are correct as at 05/11/2012.

      Calls may be monitored and recorded in case we need to check we have carried out your instructions correctly and to help us improve our quality of service. PhoneBank® is a registered trademark of Lloyds TSB Bank plc. If you need to call us from abroad or prefer not to use our 0845 number, you can also call us on 01733 347233.

      Cashpoint is a registered trademark of Lloyds TSB Bank plc.

      Save the Change® is a registered trademark of Lloyds TSB Bank plc.

      Sentinel® is a trading name and registered trademark of Affinion International Limited.

      * This policy is only available to you if you have lived permanently in the United Kingdom for at least 6 months during the 12 month period prior to a trip and are registered with a medical practitioner in the United Kingdom.

      ** To be eligible for the interest and fee free offer you must be accepted for a Planned Overdraft on your Lloyds TSB account, have not had the offer in the last 12 months on your account, and complete a switcher application to switch your account to Lloyds TSB.

      *** We cannot back up videos or music from an iPhone and suggest you use iTunes instead. iPhone and iTunes are trademarks of Apple Inc, registered in the U.S. and other countries.