Monthly Saver – Product Specific Terms and Conditions

These terms and conditions apply to the Lloyds TSB Monthly Saver account (‘Account’), and explain our obligations to you and your obligations to us (Lloyds TSB Bank plc or Lloyds TSB Scotland plc). If your Account is with a branch in Scotland your agreement is with Lloyds TSB Scotland plc, otherwise your agreement is with Lloyds TSB Bank plc.

Our Personal Banking terms and conditions also apply to this Account and give you important information about your relationship with us. It covers things like:

• How long it takes for payments in and out of your account.
• How we use your personal information.
• How we can change our rates and charges or other terms.
• How we deal with things if there’s a problem.
• How we operate a joint account.

Before opening an Account, we may take up references or otherwise satisfy ourselves of your identity and suitability as an Account holder.  We can refuse to open an Account or to accept a deposit without giving any reason.

Applying for an Account

• You can have one Account either in your name or jointly with someone else.
• You must be 16 or over and resident in the UK; and
• You must have a current account with Lloyds TSB.

Your Opening Payment:

• You can make one payment in of up to £500 within 7 days of opening your Monthly Saver - this does not include your first standing order (see “Your Standing Order Payments” below).

Your Standing Order Payments:

• For a period of 12 months from Account opening you can make a monthly payment of between £25 and £250.
• If your payment in is less than £25 or more than £250, we will return it to you.
• No other money can be paid into your Account.
• Your first payment must be made within 30 days of Account opening.
• Payments can’t be made from another Lloyds TSB savings account.
• You can only make one payment each calendar month.
• If you miss a payment you can’t make it up.

You must set up a standing order when you open your Account.  If you don’t make your first standing order payment within 30 days of Account opening we may convert your Account to an Easy Saver (or similar account if that account is no longer available.)

Interest

If your Account’s balance is below £1 you won’t earn any interest.

We will pay interest once a year.  Annual interest is paid on the anniversary of Account opening.  If the interest payment date is not a working day, interest is paid on the next working day.

We will pay interest by crediting it to your Account.

You will find our current interest rates for the Account in our UK branches, online at www.lloydstsb.com or by phoning us on 0845 300 0032.

Withdrawals

You can make withdrawals from your Account but you cannot replace any money you withdraw.

You can request withdrawals at a branch, by phone or electronically.

No withdrawals by Standing Order or Direct Debit are permitted on the Account.

You can close your Account at any time and we will return your money plus any interest you have earned. If your Account ends early you will not be able to open another Account before the first anniversary of Account opening.

Your Account will end on the first anniversary of Account opening and we will convert your Account to an Easy Saver (or similar account if that account is no longer available). You will be able to close your Easy Saver or similar account at any time.

When your Account is converted to an Easy Saver (or similar account if that account is no longer available) your account number will remain the same and we will continue to accept your standing order payments until you cancel them.

Get an overview of the Monthly Saver.

Easy Saver 2010 -  Product Specific Terms and Conditions

These terms and conditions apply to the Lloyds TSB Easy Saver Account (‘Account’), and explain our obligations to you and your obligations to us (Lloyds TSB Bank plc or Lloyds TSB Scotland plc). If your Account is with a branch in Scotland your agreement is with Lloyds TSB Scotland plc, otherwise your agreement is with Lloyds TSB Bank plc.

Our Personal Banking terms and conditions also apply to this Account and give you important information about your relationship with us. It covers things like:

• How long it takes for payments in and out of your account.
• How we use your personal information.
• How we can change our rates and charges or other terms.
• How we deal with things if there’s a problem.
• How we operate a joint account.

Before opening an Account, we may take up references or otherwise satisfy ourselves of your identity and suitability as an Account holder.  We can refuse to open an Account or to accept a deposit without giving any reason.

Applying for an Account

• You must be a personal customer (16 or over) and resident in the UK.
• You can open your Account through one of our branches or Telephone Banking.
• You can apply to open an Account with £1 (Minimum Opening Balance) or more.
• If two or more of you apply for an Account then we will open it as a joint Account.

Deposits

You can add money to your account:

• At one of our branches (cash or cheque).
• By standing order.
• By post – you can send cheques (not cash) by post, but we are not responsible if we do not get the payment or if there is a difference between what you say you sent and what we receive.
• By instructing us to transfer money from another of your accounts with us in writing, by phone, or electronically.

Withdrawals

• You can request withdrawals at a branch, by phone or electronically. The minimum amount you can withdraw is £1.
• The maximum amount you can move in or out of your Account in a single transfer online is limited. Contact us to find out what the current limits are, especially if you plan to make a large withdrawal.
• No withdrawals by Standing Order or Direct Debit are permitted on the Account.

Interest

• If the balance of your Account falls below £1 you will not receive interest. Interest will start to be paid again once your balance is restored above that limit.
• We will pay interest once a year. Yearly interest is paid on the anniversary of Account opening.  If the interest payment date is not a working day, we will pay it on the next working day.
• We will pay interest by crediting it to your Account.
• You will find our current interest rates for the Account in our UK branches, online at www.lloydstsb.com or by phoning us on 0845 300 0032.

Interest Rate Guarantee

• On balances of £1 or more we agree to pay a gross annual interest rate which tracks at no lower than 1.50% below the Bank of England Base Rate until 31 December 2010.
• If we change the interest rate on your Account following a change in the Bank of England Base Rate, we will do this on the same day.
• When the interest rate guarantee period ends we may change the interest rate at any time, subject to our Personal Banking terms and conditions.

Charges

• We do not make any charges for your Account.

Lloyds TSB Bank plc and Lloyds TSB Scotland plc are authorised and regulated by the Financial Services Authority and signatories to the Banking Codes. 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.

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