Features & benefits
In addition to all the range of additional benefits you will get on the account, the Island Premier Account gives you access to your very own Island Premier Manager, who’ll take time to get to know you – and your priorities – inside out. And if you keep at least £5000 with us, we won’t charge any account fees for the privilege.
- A traditional current account.
- Option to open a savings account offering a Cashpoint ® card and interest paid either monthly or annually.
- No account fees if you maintain a cleared balance of £5,000; if not a fee of £15 per month is charged.
- Your own Island Premier Manager to carry out your banking requests and who understands your financial needs and priorities.
- Contact your Island Premier Manager at a frequency that suits you.
- Interest and fee-free overdraft of £250 (subject to application and approval) and preferential overdraft rates.
- Premier PhoneBank — our telephone banking service.
- Offshore Internet banking available, 24 hours a day, 7 days a week.
- Preferential rates on personal loans.
- Preferential terms and reduced fees on mortgages.
- Worldwide travel insurance for the family including winter sports.
- Commission-free travel money.
- 30% discount on AA European Breakdown Cover.
- Discount on Lloyds TSB Home Protection (buildings and contents insurance).
- £10 overdraft buffer: no overdraft fees or interest to pay if you go overdrawn (either Planned or Unplanned) by £10 or less.
- 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.
Eligibility
The Premier Account is available to residents in the Channel Islands and Isle of Man only with an individual income of £60,000 or joint income of £80,000 or free investible assets in excess of £100,000.
Current Interest Rates
Credit Interest Rates
Island Premier Savings Account
Interest rates from 1 April 2009.
Island Premier Savings Account - Total Variable Interest Rate including Bonus - Monthly Interest Option
Interest rates for balances of £5,000 or more include a bonus rate of 0.25% p.a. gross payable for one year from account opening.
| Interest on Credit Balances |
% Per Annum Gross Rate* |
% Per Annum AER** |
| £1+ |
0.01 |
0.01 |
| £5,000+ |
0.30 |
0.30 |
| £10,000+ |
0.30 |
0.30 |
| £25,000+ |
0.35 |
0.35 |
| £50,000+ |
0.40 |
0.40 |
| £100,000+ |
0.45 |
0.45 |
| £1,000,000+ |
0.50 |
0.50 |
Island Premier Savings Account – Standard Variable Rate - Monthly Interest Option
| Interest on Credit Balances |
% Per Annum Gross Rate* |
% Per Annum AER** |
| £1+ |
0.01 |
0.01 |
| £5,000+ |
0.05 |
0.05 |
| £10,000+ |
0.05 |
0.05 |
| £25,000+ |
0.10 |
0.10 |
| £50,000+ |
0.15 |
0.15 |
| £100,000+ |
0.20 |
0.20 |
| £1,000,000+ |
0.25 |
0.25 |
Island Premier Savings Account - Total Variable Interest Rate including Bonus - Annual Interest Option
Interest rates for balances of £5,000 or more include a bonus rate of 0.25% p.a. gross payable for one year from account opening.
| Interest on Credit Balances |
% Per Annum Gross Rate* |
% Per Annum AER** |
| £1+ |
0.01 |
0.01 |
| £5,000+ |
0.30 |
0.30 |
| £10,000+ |
0.30 |
0.30 |
| £25,000+ |
0.35 |
0.35 |
| £50,000+ |
0.40 |
0.40 |
| £100,000+ |
0.45 |
0.45 |
| £1,000,000+ |
0.50 |
0.50 |
Island Premier Savings Account – Standard Variable Rate - Annual Interest Option
| Interest on Credit Balances |
% Per Annum Gross Rate* |
% Per Annum AER** |
| £1+ |
0.01 |
0.01 |
| £5,000+ |
0.05 |
0.05 |
| £10,000+ |
0.05 |
0.05 |
| £25,000+ |
0.10 |
0.10 |
| £50,000+ |
0.15 |
0.15 |
| £100,000+ |
0.20 |
0.20 |
| £1,000,000+ |
0.25 |
0.25 |
Overdraft Interest rates
Island Premier Current Account
Interest rates from 1 February 2012
| Interest rate on Planned and Unplanned Overdraft Debit Balances (paid monthly) |
% Per Month |
% EAR |
| £251 – £5,000 |
0.98 |
12.43 |
| £5,001 – £10,000 |
0.81 |
10.16 |
| £10,001 |
0.78 |
9.77 |
Previous Interest rates
Credit Interest Rates
Island Premier Savings Account
Interest rates from 2 March 2009
Island Premier Savings Account - Total Variable Interest Rate including Bonus - Monthly Interest Option
Interest rates for balances of £5,000 or more include a bonus rate of 0.25% p.a. gross payable for one year from account opening.
| Interest on Credit Balances |
% Per Annum Gross Rate* |
% Per Annum AER** |
| £1+ |
0.05 |
0.05 |
| £5,000+ |
0.30 |
0.30 |
| £10,000+ |
0.35 |
0.35 |
| £25,000+ |
0.40 |
0.40 |
| £50,000+ |
0.65 |
0.65 |
| £100,000+ |
0.85 |
0.85 |
| £1,000,000+ |
1.00 |
1.00 |
Island Premier Savings Account - Standard Variable Rate - Monthly Interest Option
| Interest on Credit Balances |
% Per Annum Gross Rate* |
% Per Annum AER** |
| £1+ |
0.05 |
0.05 |
| £5,000+ |
0.05 |
0.05 |
| £10,000+ |
0.10 |
0.10 |
| £25,000+ |
0.15 |
0.15 |
| £50,000+ |
0.40 |
0.40 |
| £100,000+ |
0.60 |
0.60 |
| £1,000,000+ |
0.75 |
0.75 |
Island Premier Savings Account - Total Variable Interest Rate including Bonus - Annual Interest Option
Interest rates for balances of £5,000 or more include a bonus rate of 0.25% p.a. gross payable for one year from account opening.
| Interest on Credit Balances |
% Per Annum Gross Rate* |
% Per Annum AER** |
| £1+ |
0.05 |
0.05 |
| £5,000+ |
0.30 |
0.30 |
| £10,000+ |
0.35 |
0.35 |
| £25,000+ |
0.40 |
0.40 |
| £50,000+ |
0.65 |
0.65 |
| £100,000+ |
0.85 |
0.85 |
| £1,000,000+ |
1.00 |
1.00 |
Island Premier Savings Account - Standard Variable Rate - Annual Interest Option
| Interest on Credit Balances |
% Per Annum Gross Rate* |
% Per Annum AER** |
| £1+ |
0.05 |
0.05 |
| £5,000+ |
0.05 |
0.05 |
| £10,000+ |
0.10 |
0.10 |
| £25,000+ |
0.15 |
0.15 |
| £50,000+ |
0.40 |
0.40 |
| £100,000+ |
0.60 |
0.60 |
| £1,000,000+ |
0.75 |
0.75 |
Island Premier Current Account
Interest rates from 2 November 2007 to 31 January 2012
| Interest rate on Planned and Unplanned Overdraft Debit Balances (paid monthly) |
% Per Month |
% EAR |
| £251 – £5,000 |
0.83 |
10.4 |
| £5,001 – £10,000 |
0.81 |
10.2 |
| £10,001 |
0.78 |
9.8 |
*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
Island Premier Banking Charges
Account charging period
The monthly charging period is from the 2nd of one month to close of business on the 1st of the following month. If any overdraft charges are due, we will tell you the details at least 14 days before the charging date.
Island Premier current account
| Monthly Charge |
| When the Cleared Balance of your current account remains at least £5,000 in credit throughout the monthly charging period |
Free |
| When your account balance falls below £5,000 at any time during the monthly charging period |
£15 monthly fee |
Charges & fees.
Monthly Account Fee.
No monthly fee on balances of £5,000 and above. Otherwise a monthly fee of £15 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.