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This comparison simply includes all savings accounts.

RCI Bank
Freedom Savings Account RCI Bank
Min deposit £100
Term Instant Access
Interest AER 0.72%

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)

Shawbrook Bank
45 Day Notice Account Shawbrook Bank
Min deposit £1000
Term 45 Days Notice
Interest AER 0.55%

Why we like it: Interest can be paid monthly or annually. £500,000 maximum balance. FSCS Protected. Must be UK resident and aged 18 or older. Unlimited withdrawals subject to 45 days notice

Shawbrook Bank
120 Day Notice Account Shawbrook Bank
Min deposit £1000
Term 120 Days Notice
Interest AER 0.6%

Why we like it: Interest can be paid monthly or annually. £500,000 maximum balance. FSCS Protected. Must be UK resident and aged 18 or older. Unlimited withdrawals subject to 45 days notice

Habib Bank Zurich
Fixed Rate Bond Habib Bank Zurich
Min deposit £1000
Term 1 Year
Interest AER 1.00%

Why we like it: Minimum deposit £1000. No withdrawals permitted. Apply online. Eligible deposits covered by UK FSCS.

Hodge Bank
Fixed Rate Bond Hodge Bank
Min deposit £1000
Term 18 Months
Interest AER 0.95%

Why we like it: Minimum deposit £1,000. Interest paid at maturity. No withdrawals permitted. Apply online. Eligible deposits covered by UK FSCS.

RCI Bank
Fixed Rate Bond RCI Bank
Min deposit £1000
Term 2 Years
Interest AER 1.05%

Why we like it: Which? Recommended Savings Provider. Save from £1,000 to £1,000,000. 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 1.20%

Why we like it: Which? Recommended Savings Provider. Save from £1,000 to £1,000,000. 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 4 Years
Interest AER 1.35%

Why we like it: Which? Recommended Savings Provider. Save from £1,000 to £1,000,000. 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 5 Years
Interest AER 1.40%

Why we like it: Which? Recommended Savings Provider. Save from £1,000 to £1,000,000. 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)

Santander
123 Current Account Santander
Open With £500
Account Type Current Account
Interest AER 1.00%

Why we like it: Earn 1.00% AER (variable) interest on balances up to a maximum of £20,000. Up to 3% CASHBACK on various household bills. Monthly fee of £5. Cashback capped at £5 for each cashback tier each month. Must pay in £500 pm.

Think Money
Mobile App Bank Account Think Money
Maximum Monthly Fee £10
Account Type Mobile Bank Account
Features A New Way to manage your money

Why we like it: Check where you’re up to anytime, anywhere with our app and online banking. Keep track of your money with real-time balance and transaction details. Instant spending alerts. Send money in seconds to your existing payees or set up new ones. Contactless debit card. Pay in cash and cheques at the Post Office. Use your fingerprint or facial recognition as a way to access your account. Lock your card if you lose it, and unlock it again if it turns up. No minimum monthly pay in. No fees if we’re refusing a payment due to lack of funds (such as if a Direct Debit bounces). No credit checks. Improve your credit score. Apply in a few minutes with no tricky questions

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.

Latest news

Pensioner Bond Maturity - 5 Ideas For Your Cash

From January 2018 over 900,000 people who invested in pensioner bonds will start to see their bonds mature. Savers who have been enjoying 4% pa are going to get a shock when they look for comparable returns from cash in the current market. We have put together 5 ideas for your cash in 2018

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About us

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.