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This comparison simply includes all savings accounts.

Chip
Instant Access Account Chip
Min deposit £1
Term Instant Access
Interest AER 4.84%

Why we like it: A new savings account from Chip built to move with the Bank of England and reward you faster than the banks. Interest paid monthly. Deposit and withdraw almost instantly. No fees or charges for holding account. FSCS eligible on your deposits. Must be UK resident. Must be aged 18 or older.

Yorkshire Building Society
Easy Access Saver Yorkshire Building Society
Min deposit £1
Term Instant Access
Interest AER 4.80%

Why we like it: Save from £1. Unlimited payments and withdrawals. Interest paid annually. Open in a single or a joint name. Maximum deposit £500,000. Open and manage account online. FSCS Protected. Must be UK resident. Must be aged 16 or older

Post Office
Online Saver Account Post Office
Min deposit £1
Term Instant Access
Interest AER 4.75%

Why we like it: Choose monthly or annual interest payments. Unlimited deposits and withdrawals. 24/7 access to your savings. Open and manage online. After 12 months the rate will revert to the underlying rate, currently 1.55% gross/AER variable. Post Office Online Saver is provided by Bank of Ireland UK. Must be UK resident. Must be aged 18 or older. FSCS protected

RCI Bank
Freedom Savings Account RCI Bank
Min deposit £100
Term Instant Access
Interest AER 4.75%

Why we like it: Which? Recommended Savings Provider. No notice period. Deposit from £100. Interest paid monthly or annually. Apply in minutes. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services. Compensation Scheme (FSCS)

Investec Savings
Online Flexi Saver Investec Savings
Min deposit £5000
Term Instant Access
Interest AER 4.70%

Why we like it: Instant access to your savings. Unlimited deposits and withdrawals. Interest paid monthly, either to a linked current account, or adding it to your Online Flexi Saver account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Must be aged 18 or older and have a UK address. Must have a linked UK current account. Your eligible deposits with Investec Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)

RCI Bank
E-Volve 14 Day Notice Account RCI Bank
Min deposit £1000
Term 14 Day Notice
Interest AER 4.80%

Why we like it: All funds deposited into the RCI Bank E-Volve Savings 14 Day Notice Account will be used to fund pure electric vehicles and charging facilities. Interest paid monthly or annually. Manage account online. UK-based support, seven days a week. Which? Recommended Savings Provider. Unlimited withdrawals subject to 14 days notice. Must be UK resident. Must be aged 18 or older. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)

Investec Savings
90 Day Notice Account Investec Savings
Min deposit £5000
Term 90 Day Notice
Interest AER 5.25%

Why we like it: Unlimited deposits and withdrawals. Interest paid monthly: can be added to your Notice Saver or paid to your linked account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Withdrawals subject to 90 days notice. Must be aged 18 or older and have a UK address. Must have a linked UK current account

Aldermore
Fixed Rate Bond Aldermore
Min deposit £1000
Term 9 Months
Interest AER 5.05%

Why we like it: 9 month term, minimum deposit £1,000, no withdrawals permitted. FSCS Protected

Aldermore
Fixed Rate Bond Aldermore
Min deposit £1000
Term 1 Year
Interest AER 5.11%

Why we like it: 1 year term, minimum deposit £1,000, no withdrawals permitted. FSCS Protected

Aldermore
Fixed Rate Bond Aldermore
Min deposit £1000
Term 18 Months
Interest AER 4.65%

Why we like it: Minimum deposit £1,000 - No withdrawals permitted - FSCS Protected

RCI Bank
Fixed Rate Bond RCI Bank
Min deposit £1000
Term 2 Years
Interest AER 5.05%

Why we like it: MARKET LEADING 2 YEAR FIXED RATE BOND. Which? Recommended Savings Provider. Save from £1,000 to £250,000. No withdrawals before the end of the term. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)

RCI Bank
Fixed Rate Bond RCI Bank
Min deposit £1000
Term 3 Years
Interest AER 4.70%

Why we like it: MARKET LEADING 3 YEAR FIXED RATE BOND. Which? Recommended Savings Provider. Save from £1,000 to £250,000. No withdrawals before the end of the term. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)

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Compare Lloyds savings accounts

Lloyds offer a variety of savings accounts to match the needs of different kinds of savers. Working out which account is best for you means thinking about how much you want to save, how long you want to do it over and how much money you can commit, either as a lump sum or on a regular basis.

By comparing these factors to the various types of accounts Lloyds offer (see below) you can make an informed choice that will help you meet your saving goals.

Current Accounts

Getting the best interest rate for smaller sums often means keeping your money in your current account.

If your savings go over the limit on which your current account will pay interest, however, you will need to look into moving the balance elsewhere. You also need to be wary of the fact that some accounts will pay a high introductory rate for a fixed period which can then drop significantly.

Instant Access Savings Accounts

If you want to be able to add to and take money from your savings whenever you need to, an instant access account is likely the best choice. You will often be issued with a cash card, so you can make withdrawals from cash machines, and will likely have the option for phone and online banking too.

One thing to note is that many instant access accounts limit the number of withdrawals you can make each year, and you may have to pay a penalty if you exceed this.

Regular Savings Accounts

Regular savings accounts are designed to allow you to put away small monthly deposits with the aim of building up a large nest egg over time. There will normally be minimum and maximum monthly deposits, and there may be a limit on how many withdrawals you can make per year.

Regular savings accounts generally offer good rates of interest, but it takes a while to build up significant capital, so your initial returns from this may be modest.

Fixed Rate Bonds

Fixed rate bonds offer guaranteed (and often very attractive) rates of interest for a set period. During this period you are normally not able to add or remove any funds to or from the account, so you need to be sure you won’t need the money any time soon. The longer the life of the bond, the more money you will normally get back in interest.

Cash ISAs

ISAs allow UK taxpayers to earn interest on the money deposited in them without paying tax on that interest. There is a limit to how much you can place into an ISA each year, which is determined by the UK government. For the 2017/18 tax year that amount is £20,000.

The two main types of cash ISAs are instant access and fixed term. Instant access cash ISAs offer variable interest rates, but you can add and remove money from them whenever suits you. Fixed term ISAs only last for a set period, during which you cannot deposit extra funds or withdraw money, but in exchange you get a fixed rate of interest for the life of the bond.

Find the best Lloyds savings account for you

Our savings account comparison tool, found at the top of this page, makes it easy to compare the different types of savings accounts available from across the market and see which is currently offering the best deal. That way you can be confident you are getting the most possible back from your money.




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Simplysavingsaccounts.co.uk is a trading style of Fair Investment Company Ltd.

We've been comparing savings and current accounts for many years so you can trust you're in good hands.