Term deposit and notice account products
Use the comparison table below to help you to compare the different term and notice products that we can provide for your business.
|
Account |
Withdrawals |
Minimum Deposit |
Term Lengths |
Important Information |
Management |
|---|---|---|---|---|---|
AccountFixed Term Deposit |
WithdrawalsNo withdrawals until maturity date |
Minimum Deposit£10,000 |
Term LengthsBespoke fixed term. Any term from overnight to 3 years. |
Important Information
|
Management
|
Account32 Day Notice Account |
WithdrawalsWithdraw £10,000 or more at 32 days notice, provided the remaining balance is over £10,000. |
Minimum Deposit£10,000 |
Term LengthsNo set term. 32 days notice required to close the account. |
Important InformationInterest rate is subject to variation in line with the Bank of England Bank Rate. |
Management
|
Account32 Day USD Notice Account |
WithdrawalsWithdraw $10,000 or more at 32 days notice, provided the remaining balance is over $10,000 |
Minimum Deposit$10,000 |
Term LengthsNo set term. |
Important InformationInterest rate is subject to variation in line with the Federal Funds Target Rate. |
Management
|
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Account
Term length
Indicative interest rate AER*/Gross**
Account
Fixed Term Deposit
Term length
3 months
Indicative interest rate AER*/Gross**
0.10% (fixed)
Account
Fixed Term Deposit
Term length
6 months
Indicative interest rate AER*/Gross**
0.15% (fixed)
Account
Fixed Term Deposit
Term length
9 months
Indicative interest rate AER*/Gross**
0.20% (fixed)
Account
Fixed Term Deposit
Term length
12 months
Indicative interest rate AER*/Gross**
0.30% (fixed)
Account
Fixed Term Deposit
Term length
Maturity date 02/09/2020
Indicative interest rate AER*/Gross**
0.15% (fixed)
Account
Fixed Term Deposit
Term length
Maturity date 17/03/2021
Indicative interest rate AER*/Gross**
0.30% (fixed)
Account
Fixed Rate Term Deposit
Term length
Bespoke – from overnight to 3 years
Indicative interest rate AER*/Gross**
Call us on 0345 604 5539 1takes you to the footnotes
Account
32 Day Notice Account
Term length
No set term
32 days notice to make a withdrawal or close the account
Indicative interest rate AER*/Gross**
0.10% (Bank of England Bank Rate (BoE) (variable))
Account
32 Day USD Notice Account
Term length
No set term
32 days notice to make a withdrawal or close the account
Indicative interest rate AER*/Gross**
0.25% (Federal Funds Target Rate (FDTR) (variable) )
The Sterling Interest rates stated above are available as at 27/03/2020 and expire on 07/05/2020 but may be subject to change. The USD Interest rate stated above currently expires on 29/04/2020 but may also be subject to change. Should you need to discuss rates for alternative dates or terms, please call us on 0345 604 5539.
* The 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.
1 We only offer standard terms online for Fixed Rate Term Deposit accounts. If you would like to apply for bespoke term lengths or you need to select specific start and end dates for your deposit, call us on 0345 606 0286.
2 Product is linked to the current Bank of England Bank Rate.
3 Product is linked to the current Federal Funds Target Rate.
Information on the Federal Funds Target Rate (FDTR) can be found at https://www.federalreserve.gov/4
Please note, you will need a USD foreign currency account as your nominated settlement account for the 32 Day USD Notice Account. View our Foreign Currency Accounts and find out how to open one.
4 While all reasonable care has been taken to ensure that the information provided is correct, no liability is accepted by Lloyds Bank for any loss or damage caused to any person relying on any statement or omission. This is for information only and should not be relied upon as offering advice for any set of circumstances. Specific advice should always be sought in each instance.
These interest rates apply to deposits with a minimum balance of £10,000 and a maximum balance of £5m, and apply to deposits in sterling only. For deposits over £5m or for more information about interest rates in other major currencies, please call us on 0345 604 5539.
Terms and conditions
Our Terms and Conditions section contains full details of our terms and conditions, charges and associated information.
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Terms and conditions
Commercial Banking Markets General Terms of Business
Commercial Banking Markets Deposit Terms and Conditions to be read in conjunction with Commercial Banking Markets General Terms of Business
Fixed Term Deposit product information factsheet
32 Day Notice Account product information factsheet
32 Day USD Notice Account product information factsheet
Calls may be monitored and recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.
Bank of Scotland plc Registered office: The Mound, Edinburgh, EH1 1YZ. Registered in Scotland no. SC327000.
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 169628.
Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all Business customers will be covered.
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Apply online
You can apply online for all our deposit accounts if your turnover is below £25 million, using our online application form. If your turnover is above £25 million, please click here or call us on 0345 604 5539.
Internet Banking users
You can apply in Business Internet Banking for a deposit and we will process your application. Simply log on and select ‘Business savings account’ from the left hand menu from your account overview page, then ‘Term and Notice Deposits’.
Not registered for Internet Banking
You can apply here for a deposit. Once we receive your application, we may need to contact you for more information if you have not previously placed a deposit.
On the phone
Call to speak to one of our specially trained advisers. We’re open from 8am to 5pm Monday to Friday. We’re closed on all UK public holidays.
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Contact us for more information
Call us on 0345 604 5539
Lines are open 8am to 5pm Monday to Friday
Alternatively, please email us at any time.
Savings Strategy Tool
Our tool can make your money work harder by matching your cash forecasts against our deposit products, helping you create a savings strategy bespoke to your needs.
Due to FSCS eligibility criteria not all business customers will be covered.