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Income Booster

Wouldn't it be nice to top up your income?

Now you can with our Income Booster offer. It’s available on balances of £2000 or more and gives you a guaranteed return on your savings, because you can’t withdraw or add to your lump sum.

You’ll get a fixed rate of 4.00% AER/Gross if you choose a 2 year term and what’s more we will pay the interest into your Lloyds TSB current account or eligible savings account* each month.

The Income Booster offer allows you to save money for the future, whilst boosting your monthly income now, so you can treat yourself to whatever takes your fancy.

Features & Benefits

Fixed interest rate of 4.00% AER/Gross** on a 2 year Term Deposit on savings of £2,000 or more. View Term Deposit interest rates.
Guaranteed interest and security for your money.
Interest paid monthly to supplement your income or annually to boost your savings - it's up to you.

How the account works:

Save from £2,000.
No withdrawals or additional deposits allowed.
Interest rate is fixed for the term of the deposit.
We have other terms available, save for a fixed term of 6 months, 1, 2 or 3 years. To find out more view Term Deposits.

View Term Deposit important information

How do I apply?

Open an account with a lump sum of £2000 or more.
To take advantage of the Income Booster offer you will need to have another Lloyds TSB current account or eligible savings account to pay your interest into.

Apply by phone

Call us on 0845 730 1400*** and we'll open your account over the phone. Lines open Monday - Friday 8am to 10pm and 8am to 6pm weekends.

Apply at your local branch

Visit your local branch, and we'll open the account for you.****

View Term Deposit Summary box

Income booster

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Lloyds TSB Bank plc and Lloyds TSB Scotland plc are authorised and regulated by the Financial Services Authority. 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.

*The following savings accounts are not eligible; Cash ISA, Monthly Savers and Term Deposits.

**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. Subject to availability. Rate is correct as at 08.09.09.

*** We may monitor or record calls in case we need to check we have carried out your instructions correctly and to help improve our quality of service.

****Account opening subject to status, you must be 16 or over and a UK resident to open a Lloyds TSB savings account or 18 or over and a UK resident to open a Lloyds TSB current account.