How does a fixed term deposit work at Lloyds?

How does a fixed term deposit work at Lloyds?

Important information: We will open a fee-free servicing account (Money Market Call Account) to allow you to: Make your initial deposit Withdraw your money at the end of the term The interest rates advertised are not fixed until receipt of your deposit and any supporting documentation required to open your Fixed Term Deposit.

How old do you have to be to have a Lloyds term deposit account?

You are aged 18 or over. You can deposit a minimum of £10,000 in the account. If you live in the EU, we are unable to offer you an account. Depending on legislation and regulations of the country you live in, we may not be able to offer you this account. There is no fee for opening and holding a Fixed Term Deposit.

What are the benefits of a Lloyds international savings account?

Lloyds Bank International Savings Account Feature and benefits Fixed rate Know exactly how much you’ll earn Available in Sterling and US Dollar Call us for more Other terms and currencies available when you call us Keep in mind Minimum deposit Minimum deposit: £10,000/US$10,000 Withdrawal only on maturity No withdrawal until the end of the term.

Which is the best account to open with Lloyds?

1 Club Lloyds. Variable credit interest and more great benefits with our Club Lloyds current account. 2 Classic Account. Why choose this account? 3 Platinum Account. Why choose this account? 4 Club Lloyds Platinum. 5 Student Account. 6 Under 19s Account. 7 Club Lloyds Private Banking Current Account. 8 Basic Account. …

What are the terms of my Lloyds Bank account?

 Customer Relationship Agreement PDF (Lloyds Bank (International Services) Limited)  Account terms and conditions PDF (Lloyds Bank Corporate Markets plc)  Account terms and conditions PDF (Lloyds Bank (International Services) Limited) FAQ 2439 What term lengths can I choose from for Fixed Term Deposits?

What are the requirements to open a Lloyds TSB term deposit?

What are the requirements to open a Lloyds Fixed Rate Bond (Term Deposit): – You will require a proof of identity, a lump sum of �2,000 or more and a Lloyds TSB current account to open an Term Deposit.. Information to consider when opening an Lloyds TSB 2 Year Fixed Rate Bond or Term Deposit:

How long does it take to get fixed interest at Lloyds Bank?

Open with £2,000 or more. You have 10 days from the account opening to make your deposit. After the 10 days are up, you can’t make any further deposits. After two years, your account will change to a Standard Saver. What is the interest rate? Earn 0.20% gross/AER fixed interest on balances of £1 or more for two years.

Which is the best savings account to open with Lloyds?

Savings interest rates; Save the Change® Club Lloyds Monthly Saver. Account name. Monthly Saver. Interest. 0.75%. gross/AER fixed. Interest is paid after a year. Minimum deposit. £25-£250 a month. How long the account stays open. 1 year. Then your account will change to a Standard Saver.