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Term Deposit

Don’t like taking risks with your money? Take a look at our Term Deposit.
Put your money away for fixed terms from 6 months to up to 3 years and get a guaranteed return, every month or once a year. You’ll know exactly how much you’ll get back – and when you’ll get it.

Features & Benefits

You’ll enjoy:

fixed interest rates of 2.00% AER/Gross* on 6 months to 4.25% AER/Gross* on 3 years term deposits, on savings of £2,000. We have other terms available, to find out more view Term Deposit interest rates,
the option to save for 6 months, 1, 2, or 3 years,
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 for 6 months, 1, 2, or 3 years.
Save from £2,000.
No withdrawals or additional deposits allowed.
Rate is fixed for the term of the deposit.

How do I apply?

Open your Term Deposit account with a lump sum of £2000 or more.

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.

Term Deposit important information.

View Term Deposit Summary box.

Personal Banking terms and conditions

Personal Banking terms and conditions.

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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.

*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.
** 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. Lines open Monday - Friday 8am to 10pm and 8am to 6pm weekends