Easy access
Save with the freedom to withdraw when you need to. Ideal for emergency funds and short-term goals, with interest calculated daily and paid monthly or annually.
Savings
Savings accounts
Grow your money with accounts designed for flexibility, fixed-term goals, family saving, and business reserves—all protected within UK deposit limits.
Savings options
Fixed term
Lock in a rate for a chosen period—typically six months to five years. Fixed-term accounts reward commitment with higher returns and suit defined savings targets.
Children's savings
Help a young saver build good habits with an account managed by a parent or guardian until the child reaches adulthood. Gifts from family can be paid in easily.
Business savings
Park surplus working capital in a separate account from day-to-day operations. Earn interest on balances while keeping funds accessible for planned expenditure.
How to open a savings account
Existing Lloyd Merchant Bank current account customers can open most savings accounts instantly through Internet Banking. New customers should register and complete identity verification before applying.
Interest rates are variable unless stated otherwise on fixed-term products. We publish current rates on this site and within your account dashboard. Rate changes apply in line with the terms of each product.
Open a savings account
Register online or log in to add a savings account to your profile in a few clicks.
Frequently asked questions
Eligible deposits are protected by the Financial Services Compensation Scheme (FSCS) up to £85,000 per person, per authorised firm. Joint accounts are protected up to £170,000. Protection limits and eligibility criteria are set by the FSCS.
Yes. Many customers hold an easy access account for emergencies alongside a fixed-term account for a specific goal. You can view and manage all accounts through Internet Banking.
We notify you before maturity with your options: withdraw funds, reinvest in a new fixed-term product, or move money to an easy access account. If you take no action, funds may transfer to a default maturity account at the prevailing rate.
Interest is paid gross. Depending on your circumstances, you may owe tax on savings interest above your Personal Savings Allowance. We provide an annual interest certificate for your records.
Related information
Start saving today
Open a savings account online in minutes. Link it to your current account for simple transfers and automatic standing orders.