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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 1.42%

Why we like it: 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)

Nationwide
Cash ISA Nationwide
Min deposit £1
Term Instant Access
Interest AER 1.30%

Why we like it: Tax free ISA account. Open with £1 or transfer in existing ISA funds. Invest up to £20,000 per tax year. Interest can be paid into account, alternative Nationwide savings or current account, or an external current account. Must be UK resident and aged 16 or older. Headline interest rate applicable if no more than 1 withdrawal per account year, fFor 2 or more withdrawals the interest rate drops to 0.50% AER. FSCS Protected

Aldermore
Easy Access Account Aldermore
Min deposit £1000
Term Easy Access
Interest AER 1.25%

Why we like it: Earn 1.00% gross/AER on balances from £1,000 to £1 million. Unlimited withdrawals without restriction or loss of interest.

The Access Bank UK
Fixed Rate Bond The Access Bank UK
Min deposit £5000
Term 1 Year
Interest AER 1.90%

Why we like it: MARKET LEADING 1 YEAR FIXED RATE BOND. Save from £5,000 to £500,000. No additional deposits or withdrawals permitted. FSCS Protected

Aldermore
Fixed Rate Bond Aldermore
Min deposit £1000
Term 2 Years
Interest AER 2.25%

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

Investec Click & Invest
Stocks & Shares ISA Investec Click & Invest
Open from £2500
Term No fixed term
Investment Linked Choose between managed portfolios

Why we like it: Investec Click & Invest is an online investment service that aims to make actively managed, globally diversified investment portfolios accessible to a wider audience. Everyone deserves harder working money, and Click & Invest’s goal is to make a positive difference to more financial futures. Their experts build and manage investment portfolios from £2,500 online, intelligently blending expertise with high-quality service. With a £2,500 minimum investment, Click & Invest aims to deliver an exceptional service for a straightforward fee. They offer both stocks and shares ISAs and general investment accounts, with a seamless online experience, with dedicated 24/7 support available. Capital at risk.

Disclaimer: The value of your investments can fall as well as rise, so you could get back less than you paid in.

Kuflink
Innovative Finance ISA (IFISA) Kuflink
Min deposit £100
Term 5 Years
Annual Interest Target rate 7.00%

Why we like it: Why we like it: Up to £250 cashback for new investors.1, 3 or 5 year fixed term. Invest from £100 up to £20,000 this tax year (2018/19) and/or transfer in from an existing Cash ISA, Stocks & Shares ISA or IFISA. Secured by UK property. No platform or investment fees. Interest paid annually. Returns are not guaranteed and your actual returns may vary. Capital is at risk

Disclaimer: When making a peer to business loan, your capital lent to a borrower is not covered in the event of loss by the FSCS

Kuflink
Innovative Finance ISA (IFISA) Kuflink
Min deposit £100
Term 3 Years
Annual Interest Target rate 6.10%

Why we like it: Why we like it: Up to £250 cashback for new investors.1, 3 or 5 year fixed term. Invest from £100 up to £20,000 this tax year (2018/19) and/or transfer in from an existing Cash ISA, Stocks & Shares ISA or IFISA. Secured by UK property. No platform or investment fees. Interest paid annually. Returns are not guaranteed and your actual returns may vary. Capital is at risk

Disclaimer: When making a peer to business loan, your capital lent to a borrower is not covered in the event of loss by the FSCS

Kuflink
Innovative Finance ISA (IFISA) Kuflink
Min deposit £100
Term 1 Year
Annual Interest Target rate 5.00%

Why we like it: Why we like it: Up to £250 cashback for new investors.1, 3 or 5 year fixed term. Invest from £100 up to £20,000 this tax year (2018/19) and/or transfer in from an existing Cash ISA, Stocks & Shares ISA or IFISA. Secured by UK property. No platform or investment fees. Interest paid annually. Returns are not guaranteed and your actual returns may vary. Capital is at risk

Disclaimer: When making a peer to business loan, your capital lent to a borrower is not covered in the event of loss by the FSCS

easyMoney
Classic Innovative Finance ISA (IFISA) easyMoney
Min deposit £10000
Term No Fixed Term
Annual Interest Target rate 7.28%

Why we like it: Invest up to £20,000 this tax year (2018/19) and/or transfer in from an existing Cash ISA, Stocks & Shares ISA or IFISA. When you join the easyMoney family you will automatically become an easyMoney plus card member, offering savings up to 55% at over 100 of Britain’s biggest retailers and more! e-Money Capital Ltd trading as easyMoney is authorised and regulated by the FCA (FRN 231680). As with all investing, your capital is at risk when you lend to businesses and returns are not guaranteed. No FSCS. For more details please refer to our full risk statement.

Disclaimer: When making a peer to business loan, your capital lent to a borrower is not covered in the event of loss by the FSCS

Nationwide
FlexDirect Current Account Nationwide
Open With £1000
Account Type Current Account
Interest AER 5.00%

Why we like it: 5.00% interest for 12 months on balances up to £2,500 for the first year. You must pay in £1,000 or more each month to receive interest (excluding transfers from any Nationwide account held by you or anyone else). 12 month fee-free arranged overdraft available. No monthly fee. Must be aged 18 or older.

Santander
123 Current Account Santander
Open With £500
Account Type Current Account
Interest AER 1.50%

Why we like it: Earn 1.50% AER (variable) interest on balances up to a maximum of £20,000. Up to 3% CASHBACK on various household bills. Monthly fee of £5. Must pay in £500 pm.

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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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.