Not sure the Classic Account is right for you?
When you add Vantage to your Classic Account you can earn:
Interest is paid monthly. All you have to do is stay in credit during the monthly billing period, and 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. We don’t pay interest on balances over £5,000.
|Balance||Interest paid monthly|
|AER %||Gross %||Net %|
|£3,000 up to £5,000||3.00||2.96||2.37|
These interest rates are correct as at 27/06/2011.
Things you should know
Manage your money with a Planned Overdraft. We offer them on most accounts.
Use your card in over 500,000 UK locations and 27 million places worldwide.
Whether you want to move to Lloyds TSB or you already bank with us and want to open a new Classic account, switching is easy. Our dedicated welcome team will do everything they can to help your switch run smoothly, including transferring all your Direct Debits and standing orders to your new account for you.
Just fill in our simple online application form. It takes about 10 minutes and you’ll need to have a few bits of information to hand.
On the Phone
0800 015 4000
Lines are open Monday - Friday 8am - 10pm, Saturday and Sunday 8am - 6pm.
Staff in our branches will be happy to help.
Already got a Classic Account? Add Vantage and you can earn interest on your money.
If you’re already registered for Internet Banking
If you’re not registered for Internet Banking
The amount of money you have in your account at a particular time. Sometimes a balance 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 which has cleared and that you can spend is sometimes called your available funds or available balance.
An Added Value account is a current account that offers a package of additional benefits at a discounted price for a monthly fee. These typically include annual travel insurance, AA Breakdown Cover, mobile phone insurance, card protection, overdraft benefits and savings on holidays.
AER means Annual Equivalent Rate. This illustrates what the interest rate would be if interest was paid and compounded each year. The AER allows you to compare different offers easily.
EAR is the Equivalent Annual Rate. This is the actual annual rate of an overdraft. It doesn't take into account other fees and charges.
If you’re new to Lloyds TSB, just fill in our simple online application form.
Apply for a Classic Account with Vantage.
As a Classic Account customer you can apply to upgrade to one of our Added Value Accounts online if you are registered for Internet Banking.
Opening an additional account
You can apply for an additional Classic Account online through Internet Banking, perfect for budgeting or making into a joint account.
Existing customers wanting to downgrade will need to call or go in-branch.
0800 015 0162
Mon-Fri: 8am-10pm, Sat & Sun: 8am-6pm
Classic Account customers can apply to upgrade to our Silver Account. Our Silver Account offers a great package of benefits including breakdown cover and travel insurance.
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 to apply.
Interest paid monthly. 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.
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.
Save the Change® is a registered trademark of Lloyds TSB Bank plc.
Money Manager is provided to help you manage your personal finances and is not intended to provide legal, tax or financial advice. You must be registered for Internet Banking.
You need to register for Internet Banking, PhoneBank® and Mobile Banking. Terms and conditions apply.
*Account opening is subject to our assessment of your circumstances. You must be 18 or over. Overdrafts are repayable in full on demand. View Planned Overdraft borrowing interest rates. 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 don't charge you to use Mobile Banking, but your mobile operator may charge for some services, so please check this with them.