Offshore Limited Edition Deposits
Stability of a fixed term deposit and the earnings potential of the stock market
Offshore Limited Edition Deposits (OLEDs) are a combination of a fixed term deposit and a return dependent upon how the relevant stock market indices perform over the deposit term. They run from a set start date, usually for between 3 and 5 years.
OLEDs offer:
- 100% capital protected† at maturity
- Early Depositor's Bonus — an interest rate when you deposit money before the official closing date for applications. Please see OLED FAQs for details
We release several OLEDs each year, tailored to help you benefit from current market conditions. Our current selection of OLEDs includes sterling, euro and US dollar deposits, with some offering potential returns of over 7% AER*.
This current offer closes 16 March 2010 (OLEDs are limited offers and may close early if fully subscribed).
Deposit start date: 30 March 2010
† The use of the words '100% capital protection' on this website refers only to the obligation of Lloyds TSB Offshore Limited or Lloyds TSB Bank Gibraltar Limited to repay your capital and any specified return in full on the Repayment Date. The deposits mentioned on these pages are not guaranteed by any third party.
The minimum guaranteed return is subject to the Offshore Limited Edition Deposit (OLED) being held for the full term. If you withdraw your money early you may receive back less than your original capital amount.
Our current OLEDs at a glance
Not sure what to choose?
Is an OLED right for you?
OLED FAQs
Our economic rationale
Risk warning
You will receive a minimum of 100% of your capital at maturity. However, if you choose to terminate your deposit early you may get back less than the original deposit amount. The amount you get will depend on a numbers of factors, including how long you held the deposit, prevailing interest rates, market conditions and the level of the relevant index (which may fall as well as rise). Please also note that there is a possibility of no return above capital being paid on these deposits in certain circumstances. The value of the shares in the companies that make up the relevant index may also be affected by currency fluctuations.
Your deposit is not invested directly in the companies that make up the linked index — therefore you will not receive any dividend payments from them.
How does the OLED compare to an ordinary deposit account?
Please be aware that if the overall performance of the basket of stock market indices is negative, then your original deposit together with any Early Deposit Interest will be returned to you in full at maturity, but with no additional return or interest paid. This means that you may earn less than you would normally have earned from an ordinary deposit account.
Important note
These deposits will typically, although not exclusively, be attractive to customers with relevant experience or knowledge of investment markets and who wish to deposit a proportion (but not all) of their capital for the full term of the selected OLED, as part of a diversified approach to savings and investments. However, we do not provide any advice or make any recommendations as to the suitability of these deposits for you or your circumstances.
Please also note that there is a possibility of no return above capital being paid on these deposits in certain circumstances — please refer to each individual deposit details.
* AER stands for Annual Equivalent Rate and illustrates what the rate of return would be if the return was paid and compounded once each year.