Easy Saver

• A variable rate of interest, currently 1.60% AER/Gross. This rate includes a fixed introductory bonus of 1.50% AER for the first 12 months. View full Easy Saver interest rates.
• On balances of £1 or more we agree to pay a gross annual interest rate which tracks at 1.5% below the Bank of England Base Rate until 31 December 2010 (but the rate will never be less than 0.10%).
• Open from as little as £1.
• Interest paid annually.
• Instant access - the convenience of Internet Banking or  PhoneBank® means you can access your savings when it suits you.
• No limits on how much you can save.
• The options to have a standing order payment into your account, so you know your savings are always growing.
• Optional Cashpoint® card for easy access on the move.

Easy Saver important information.

View Easy Saver Summary box.

Personal Banking terms and conditions.

* Includes a fixed introductory bonus of 1.50% AER, payable for 12 months from the date of account opening. At the end of the bonus period, rates without bonus will apply. Please see the ‘without bonus’ table for current rates.

Explanation of terms
AER means Annual Equivalent Rate. AER illustrates what your interest rate would be if interest was paid and compounded each year and allows you to easily compare different offers.

Net rate is the rate payable after the deduction of lower rate tax (which may be reclaimed by non-taxpayers on completion of an Inland Revenue R85 form). As the rate of tax may vary, the net rate is given for illustration only and is rounded to two decimal places.

Gross rate means that credit interest is paid without income tax being deducted. You can receive your interest paid gross if you are a non-tax payer and have completed an Inland Revenue R85 form.

As an Easy Saver Account holder you can take advantage of the many Lloyds TSB services that we have on offer to help you get the most from your money.

• Save the Change® - Register for Save the Change® and every time you make a purchase with your Lloyds TSB Visa debit card, we’ll round up the amount you spent to the nearest pound. We’ll then transfer the difference into your nominated Lloyds TSB savings account the next working day.
• Set up a standing order - saving regularly from your current account is the easy way to grow your savings.
• Rename your account to suit you, such as holiday, rainy day or simply savings. All you need to do is click on your eSavings account in internet banking and change nickname. The name you choose will only appear in internet banking and not appear on your statements.
• Transfer money from a non Lloyds TSB account with our savings transfers form, simply complete and take into your nearest  branch.
• Transfer money instantly between your Easy Saver and Lloyds TSB current account.
• Turn off paper statements. Quickly find what you are looking for – search your statements instantly. Cut down on paperwork by stopping your postal statements.
• Register to receive Gross Interest, You can receive your interest paid gross if you are a non-tax payer and have completed an Inland Revenue R85 form.

 Apply online
As long as you're registered for Internet Banking you can open an account in just a few clicks with as little as £1.

 By phone
Whether you are a new or existing customer call us on 0845 730 1400† Monday - Friday 8am to 10pm and 8am to 6pm on weekends.

 At your local branch
Open an account with a £1 deposit at your local branch.

Easy Saver important information.

View Easy Saver Summary box.

Personal Banking terms and conditions.