Opening this account
This account can be opened and managed:
- online
- on our app
- in branch
- by phone.
You can open this account if you:
- are aged 16 or over
- are a UK resident
- have a Lloyds Bank current account.
You can only open one Monthly Saver.
Online applications must be made in your sole name. You can make it joint by going into branch or calling us after you've opened it.
How to pay into this account
You can save £25 - £250 every month by one standing order or a bank transfer. This needs to reach your account before the 25th of the month.
You can top up your savings by bank transfer. This can not exceed the £250 monthly limit. The amount that you save each month can vary but needs to stay between the £25 to £250 monthly limit.
When you can open another Monthly Saver
You can only open one Monthly Saver every 12 months.
If you close the account within 12 months of opening it, you won’t be able to open another one until after the anniversary date.
If you keep your account open, after 12 months you’ll receive your interest. The account will then change to a Standard Saver.. You can then open a new Monthly Saver and save for another 12 months.You can top up your savings by bank transfer. This can not exceed the £250 monthly limit. You will need to set up a new standing order to this Monthly Saver account. This needs to be between £25 and £250 each month. Remember to cancel your old standing order unless you want to keep saving into the Standard Saver.
