Lloyd's Bank clients who have personal banking accounts can take advantage of several banking features, such as loans, investment vehicles, credit cards, savings accounts and insurance plans. Personal banking clients can also access Lloyd's Bank products and services through Internet, mobile or phone banking.
Lloyd's Bank offers several programs for personal banking account holders who want to open individual savings accounts or ISAs. These programs include the Cash ISA Saver, Junior Cash ISA, 2-Year Fixed Rate Cash ISA and the 3-Year Fixed Rate Cash ISA. Account holders who open Cash ISA Saver accounts can take advantage of unlimited withdrawals and annual paid interest.
Members who open either a 2-Year Fixed Rate Cash ISA or a 3-Year Fixed Rate Cash ISA are paid interest at a fixed rate when their balances are over a set amount; however; tax-free interest is lost on any withdrawn amount. Fixed Rate Cash ISA account holders can choose between monthly or yearly paid interest, though monthly payments may be given at a lower rate.
Savings accounts for minors, such as the Young Saver and the Junior Cash ISA, help family members teach children how to save by offering features that either restrict withdrawals or let parents stay in control of the accounts until children reach a certain age.