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Incentive Saver

Incentive Saver

Get rewarded for leaving your money alone

Sometimes we need a little encouragement not to dip into our savings. With the Incentive Saver you get rewarded with a competitive rate of 3.04% AER/ 3.00% Gross for months when you make no withdrawals, but with instant online access when you need it.

Features & Benefits

  • A variable rate of 3.04% AER/ 3.00% Gross when you don't make a withdrawal. For months you make a withdrawal, you will get 0% AER/Gross. View Incentive Saver interest rates. 
  • Interest paid monthly.
  • Save from as little as £1 up to £50,000. You will only receive interest on the first £50,000; no interest will be paid on any of the balance over this amount.
  • Instant access when you need it - the convenience of Internet Banking or PhoneBank®** means you can access your savings when it suits you.
  • Set up a standing order - saving regularly from your current account is the easy way to grow your savings.
  • Transfer money instantly between your Incentive Saver and Lloyds TSB current account.
  • Account open for 12 months, after this the account converts to an Easy Saver.
  • Account works with Save the Change® - every time you spend on your Lloyds TSB Visa debit card, we'll round up the amount you spent to the nearest pound and transfer it into your incentive saver. 

How to apply?

Online now
As long as you’re registered for Internet Banking you can open your new account in moments.

Apply for an Incentive Saver Account. 

Not registered for Internet Banking? Register your personal account online.

New to Lloyds TSB?
You need a Lloyds TSB current account to open an Incentive Saver - switch to Lloyds TSB.

 

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 advertisement for a savings product, which quotes an interest rate, will contain an AER you will be able to compare more easily what return you can expect from your savings over time.
Gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.
** PhoneBank® is a registered trademark of Lloyds TSB Bank plc. 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.

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