Features & benefits
Our Island Gold Account is your first step up into a different world of banking, with all the trimmings to make life easier. Complete with a host of added benefits, it’s a current account and more, with everything from worldwide travel insurance to discounted AA European breakdown cover – all for a monthly fee of £9.
- Available in Sterling.
- Traditional cheque account.
- An internationally accepted Executive Gold debit card.
- Sentinel ® card protection.
- Worldwide travel insurance for you and your partner.
- Discount on AA European Breakdown Cover.
- Commission-free travel money.
- Personal loans at preferential rates.
- Reduced arrangement fees on fixed rate and tracker mortgages.
- Preferential rates on arranged overdrafts.
- 10% discount on Lloyds TSB Home Protection household insurance policy.
- Offshore PhoneBank and Offshore Internet banking available 24 hours a day, 7 days a week.
- Standing order and direct debit facilities.
- No transaction charges except for additional services (for example international transfers).
- Move your existing account easily from another bank or building society.
- £10 overdraft buffer: no overdraft fees or interest to pay if you go overdrawn (either Planned or Unplanned) by £10 or less.
- Monthly fee of £9.
- Grace Period if you go over your limit. You have until 3.30pm (UK Time) to pay in enough money to avoid any overdraft fees you may incur that day. The money needs to be immediately available to use, so you could transfer money from another personal account you have with us via Internet Banking or Telephone Banking or pay in cash over the counter in branch.
Current Interest Rates
Overdraft Interest Rates
Interest rates from 2 November 2007.
| Interest on Planned and Unplanned Overdraft Debit Balances (paid monthly) |
% Per Month* |
% EAR † |
| Interest Rate |
1.23 |
15.77 |
Previous Interest Rates
Overdraft Interest Rates
Interest rates from 1 August to 1 November 2007
| Interest on Planned and Unplanned Overdraft Debit Balances (paid monthly) |
% Per Month* |
% EAR † |
| Interest Rate |
1.23 |
15.8 |
| Unauthorised Borrowing Rate |
2.20 |
29.8 |
Interest rates from 1 June to 31 July 2007
| Interest on Planned and Unplanned Overdraft Debit Balances (paid monthly) |
% Per Month* |
% EAR † |
| Interest Rate |
1.21 |
15.5 |
| Unauthorised Borrowing Rate |
2.20 |
29.8 |
Credit Interest Rates
Interest rates from 1 April 2009 to 1 December 2010
| Interest on Credit Balances (paid monthly) |
% Per Annum Gross Rate* |
% Per Annum AER** |
| £1+ |
0.05 |
0.05 |
| £10,000+ |
0.05 |
0.05 |
| £25,000+ |
0.05 |
0.05 |
| £50,000+ |
0.10 |
0.10 |
| £100,000+ |
0.15 |
0.15 |
| £250,000+ |
0.15 |
0.15 |
*GROSS RATE: The contractual rate of interest payable before deduction of income tax at the rate specified by law.
**AER - AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advert for a savings product will contain an AER - Annual Equivalent Rate - you can compare more easily what return you can expect from your savings over time.
†EAR: Equivalent Annual Rate excluding any changes which may be applicable
Charges & fees.
Monthly Account Fee.
A monthly fee of £9 will apply.
Avoiding overdraft charges.
Our Grace Period means that you have until 3.30pm (UK time) to pay in money to avoid any overdraft fees you may incur that day.
- If you pay in enough to clear your overdraft you will not pay any fees.
- If you only clear an Unplanned Overdraft you will still pay a Monthly Overdraft Usage Fee.
The money needs to be immediately available to use, so you could transfer money from another personal account you have with us via Internet Banking or Telephone Banking or pay in cash over the counter in branch.
Overdraft fees
We will charge you the following fees for all overdrafts, whether Planned Overdrafts or Unplanned Overdrafts:
| Overdraft amount. |
Fee. |
| Up to £10. |
No fee. |
| Above £10. |
£5 monthly fee.
Only payable if you're overdrawn by more than £10 or your agreed overdraft limit. |
We will not charge you any other fees for a Planned Overdraft but you will normally be charged interest on the amount borrowed.
Unplanned overdraft
If we agree to your request for an Unplanned Overdraft, we will charge you the following fees:
| Fee. |
Amount. |
Description. |
| Daily Fee. |
Unplanned Overdraft balance is |
You will pay a daily fee for using an Unplanned Overdraft. The amount of the fee will be worked out at the end of each day (including weekends and bank holidays) on the balance of your Unplanned Overdraft.
We will charge you a maximum of eight daily fees in a monthly billing period. |
| £10 or less. |
£0 (Buffer applies). |
| More then £10 but less then £25. |
£5 a day. |
| £25 or more. |
£10 a day. |
Returned item.
Where you do not have enough available money to make a payment and we do not agree to give you or extend an Unplanned Overdraft, you will not be able to make that payment.
We will write to tell you we have declined your request. We will charge you the following fee:
| Returned item Fee. |
| £10 for each item. We will charge you up to a maximum of three Returned Item Fees a day. This fee will not be charged if the amount of the payment that we decline is £10 or less. |
Using other services*.
| Stopped cheque. |
Free. |
| Special cheque presentation. |
£15. |
| Returned cheque. |
| If a cheque pay into your account is returned to us unpaid by another bank or branch. |
Free. |
| Statements |
We will send you regular account statements free of charge.
If you order an extra statement at a Lloyds TSB Cashpoint. |
Free. |
| Duplicate statements. |
£5 per request. |
| Banker's draft (sterling). |
£15. |
| Holding envelopes and parcels. |
This service is no longer available. Existing users please contact the branch.
01534 845436 or 01534 845269 Jersey
01481 706317 Guernsey
01624 697113 Isle of Man
01481 822340 Alderney
|
| Travel facilities |
| When we buy travellers cheques or foreign currency from you. |
1.5%(min £3). |
| When we buy from you Sterling American Express or other currency travellers cheques which you bought from us. |
Free. |
| When you buy foreign currency or travellers. |
1.5%(min £3). |
| If you have a Premier or Executive Gold Debit Card. |
Free. |
| If you have a Student or Graduate account. |
Free. |
| When you buy travellers cheques or foreign currency using a Lloyds TSB Premier, Platinum, Gold or Classic Credit Card. |
Free. |
* Please note the information in this section applies to customers with sterling accounts only. Please contact us if you have a Euro account or US dollar account.
** An administration charge may be made for excessive requests.
*** Charges include VAT where applicable.
Cashpoint® and debit card charges*.
| When you take out cash. |
| From Lloyds TSB Cashpoint. |
Free. |
LINK machines.
All link machines will give you an advance, on-screen warning about any charges that may apply. This warning will tell you who’s making the charge. You will then be given the option to continue or cancel the transaction. |
Lloyds TSB does not levy a charge but the owner of the machine may. |
| From non-LINK cash machines in the British Isles and worldwide displaying the Visa sign, or over the counter at another bank or any other outlet displaying the Visa sign. |
Debit Cards – 1.5% of the amount with a minimum transaction charge of £2 and a maximum of £4.50.
Cashpoint Cards – 1.5% of the amount (minimum £1.50) per transaction.
Please note there is no maximum transaction fee. |
| When you use your card to buy foreign currency or travellers cheques. |
| From our branches. |
No handling charge. |
| From any other bank, travel agent, bureau de change or other outlet displaying the Visa sign. |
1.5% of the amount with a minimum transaction charge of £2 and a maximum of £4.50. |
| All transactions abroad. |
| Cash withdrawals and purchases made in a currency other than sterling (including those made online or on the phone) are also subject to: |
2.99% subject to foreign exchange administration fee. |
| Mini statements. |
Free. |
| Requesting a receipt. |
Free. |
* Please note the information in this section applies to customers with sterling accounts only. Please contact us if you have a Euro account or US dollar account.
Administration fees.
We’ll be happy to respond when you ask us for help with managing your day-to-day banking – at no charge.
But, if we have to spend a significant amount of time on a specific area, then, like professional advisers, we may charge a fee. If this seems likely, we will agree it with you before you are committed.