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Current Account rates

See all current account rates

If you can’t see your product in the list below it may be because it is no longer available, click here to see a list of our non marketed product rates.

The following tables change from time to time. The date of the last change is detailed beneath each table.

All interest rates for Classic Account with Vantage, Silver Account with Vantage, Gold Account with Vantage, Platinum Account with Vantage and Premier Account with Vantage are correct as at 27/06/2011.

Interest rates for Under 19s Account is correct as at 23/11/2009.

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.

Vantage Interest rates are tiered on balances up to £5,000. To get interest paid each month, all you need to do is:

  • pay at least £1,000 into your account during the calendar month, and
  • keep your account in credit during the monthly billing period.


Please note. We do not pay interest on amounts above £5,000.

You can add Vantage to a range of current accounts: Classic, Silver, Gold, Platinum and Premier accounts via branch, PhoneBank® or Internet Banking (if you’re registered).

For more information about previous Current Account rates please click here.

For more information about Vantage including the conditions that apply see Vantage.

Classic Account Vantage Rates

Balance Interest Paid Monthly
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.

Silver Account Vantage Interest Rates

Balance Interest Paid Monthly
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.

Gold Account Vantage Interest Rates

Balance Interest Paid Monthly
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.

Platinum Account Vantage Interest Rates

Balance Interest Paid Monthly
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.

Premier Account Vantage Rates

Balance Interest Paid Monthly
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.

Vantage Interest Rates - for Classic Accounts or Added Value Accounts with the limited offer from 10 September 2012 - 31 October 2013

Balance Interest Paid Monthly
AER % Gross % Net %
£1+ 1.50
 1.49
 1.19
£1,000 2.00
 1.98
 1.59
£3,000+
 3.00
 2.96
 2.37
£5,000 up to £6,000 (when eligible application received by 31 October 2012) 4.00 3.93 3.14

*£3,000 up to £5,000 from 1 November 2013.

These interest rates are correct as at 10/09/2012.

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 £5,000 in your account you will receive an interest rate of 4.00% AER on your entire balance until 31 October 2013.
Vantage Interest rates are tiered on balances up to £6,000 (£5,000 from 1 November 2013).
To qualify customers must;

  • Be 18 years old or over.
  • Apply for the limited offer by 31 October 2012.
  • Have or open a Classic, Silver, Gold, Platinum or Premier current account.
  • Have at least two Direct Debits set up at account opening/when adding the limited offer to their existing account OR already have two Direct Debits set up on their account.

To get interest paid each month, all you need to do is:

  • Pay at least £1,000 into your account during the calendar month, and
  • keep your account in credit during the monthly billing period.

Please note: We do not pay interest on amounts above £6,000. (£5,000 from 1 November 2013).
For more information about Vantage including the conditions that apply see Vantage.
How to apply for Vantage.
View Vantage Account previous rates.

Under 19s account

Balance Interest Paid Monthly
AER % Gross % Net %
£1 - £2,500 2.50
 2.47
 1.98
£2,501+ 0.1
 0.1
 0.08

These interest rates are correct as at 23/11/2009.

Personal Overdrafts - Planned and Unplanned Overdrafts

Account Interest Paid Monthly
% Per Month % EAR
Premier Current Account 1.20
 15.43
Platinum Current Account 1.34
 17.28
Gold Service Current Account 1.53
 19.94
Silver Current Account 1.53
 19.94
Classic Account, Current Account 1.53
 19.94

These interest rates are correct as at 02/10/2012.

Interest rates are variable.

Student Account and Early Student Account – Planned and Unplanned Overdrafts

Student Account % Per Month % EAR
Year 1: £1,500+ 0.66
 8.21
£0 - £1,500 0.00
 0.00
Year 2: £1,500+ 0.66
 8.21
£0 - £1,500+ 0.00
 0.00
Year 3: £1,500+ 0.66
 8.21
£0 - £1,500 0.00
 0.00
Year 4, 5 & 6: £2,000+ 0.66
 8.21
£0 - £2000 0.00
 0.00

These interest rates are correct as at 21/06/2011.

These interest rates are variable.

Early Student Account

Early Student Account % Per Month % EAR
£200+ 0.66
 8.21
£0 - £200 0.00
 0.00

These interest rates are correct as at 22/06/2011.

These interest rates are variable.

Graduate Account – Planned and Unplanned Overdrafts

Graduate Account % Per Month % EAR
Year 1: £2,000+ 1.30
 16.77
£0 - £2,000 0.00
 0.00
Year 2: £1,500+ 1.30 16.77
£0 - £1,500+ 0.00
 0.00
Year 3: £1,000+ 1.30
 16.77
£0 - £1,000 0.00
 0.00

These interest rates are correct as at 22/06/2011.

These interest rates are variable.

Graduate Account – Planned and Unplanned Overdrafts

Graduate Account % Per Month % EAR
Year 1: £2,000+ 1.30
 16.8
£0 - £2,000 0.00 0.00
Year 2: £1,500+ 1.30
 16.8
£0 - £1,500+ 0.00 0.00
Year 3: £1,000+ 1.30
 16.8
£0 - £1,000 0.00 0.00

These interest rates were correct from 01/08/2007 to 02/11/2007.

Student Account and Early Student Account – Planned and Unplanned Overdrafts

Student Account % Per Month % EAR
Year 1: £1,500+ 0.66
 8.2
£0 - £1,500 0.00 0.00
Year 2: £1,500+ 0.66
 8.2
£0 - £1,500+ 0.00 0.00
Year 3: £1,500+ 0.66
 8.2
£0 - £1,500 0.00 0.00
Year 4, 5 & 6: £2,000+ 0.66
 8.2
£0 - £2000 0.00 0.00

These interest rates were correct from 01/08/2007 to 02/11/2007.

Early Student Account

Early Student Account % Per Month % EAR
£200+ 0.66
 8.2
£0 - £200 0.00 0.0

These interest rates were correct from 16/03/2009 to 22/06/2011.

Personal Overdrafts - Planned and Unplanned Overdrafts

Account Interest Paid Monthly
% Per Month % EAR
Premier Current Account 0.98
 12.43
Platinum Current Account 1.12
 14.28
Gold Service Current Account 1.34
 17.32
Silver Current Account 1.45
 18.86
Classic Account, Current Account 1.48
 19.28

These interest rates were correct from 17/06/2012 to 02/10/2012.

The EAR does not take into account any additional charges (e.g. arrangement fees/securities charges/monthly fees) which may be applicable.

Glossary

AER

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advert for a savings product will contain an AER you can compare more easily what return you can expect from your savings over time.

APR (annual percentage rate)

The APR (annual percentage rate) gives you a single figure that includes the actual interest rate over the life of the loan as well as all the normal costs (such as administration fees or annual charges). It doesn't include additional charges such as fees for early or late repayment.

EAR

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. Interest is normally paid at the net rate unless the Account falls within an exempt category or the Account holder qualifies to receive interest gross. Interest rates may vary from time to time. All rates are per annum except where stated.

GROSS RATE

The contractual rate of interest payable before deduction of income tax at the rate specified by law.

NET RATE

The rate of interest which would be payable after allowing for the deduction of income tax at the rate specified by law.

Representative rates

The representative APR is the rate you will see in advertisements. This is the APR that the lender applies to most successful loan applicants, but isn't necessarily the rate you'll be offered. Lenders have to offer the representative APR rate to at least 51% of borrowers of any particular offer. Depending on your credit history, you may be quoted a lower rate or a higher one.

Total amount repayable

This is the total amount of money you have to repay over the entire life of the loan - the amount you borrowed plus all interest charges and fees.

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.

If your non savings income is less than your personal allowance you may qualify for the 10% savings tax rate, we will still pay your interest net of tax (with income tax taken off - currently 20%). If you think that this may apply to you, you should complete HMRC form R40, available on HMRC website or your tax office.

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. SC 95237.

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