Fixed Term Deposit.

A Fixed Term Deposit means you will know exactly how much interest you will earn and for what period of time.

  • Minimum balance of £10,000 or $10,000 USD. Other currencies available.
  • Choose from our fixed rate 1, 2, 3 or 5 year sterling deposits
  • Other terms and currencies available
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Features & benefits

No one knows what the future may hold, but with our Fixed Term Deposits you just put your money away for fixed terms of up to five years and you’ll get a fixed rate of return paid annually. It’s perfect for planning in advance, because you’ll know exactly how much you’ll get back – and when you’ll get it.

  • Start saving with £10,000 or more
  • Choose a term from one week up to five years
  • Interest is paid on maturity for terms of up to one year and annually on terms over a year
Deposit Term Access Return over term Annual interest rate (AER**/Gross*) Minimum Deposit Maximum Deposit Currencies available
1 year At the end of your deposit term 2.80% 2.80% $10,000 $5 million US Dollar only
1 year At the end of your deposit term 3.40% 3.40% £10,000 £5 million Sterling only
2 year At the end of your deposit term 7.10% 3.55% £10,000 £5 million Sterling only
3 year At the end of your deposit term 12.00% 4.00% £10,000 £5 million Sterling only
5 year At the end of your deposit term 22.50% 4.50% £10,000 £5 million Sterling only
Any other term from 1 week to 5 years At the end of your deposit term Fixed according to your deposit Fixed according to your deposit £10,000 or equivalent in another currency No maximum All major currencies

Important information

  • We will open a fee-free Money Market Call Account to allow you to:

    • Make your initial deposit.
    • Withdraw your money at the end of the term.
  • Interest is paid yearly into your Money Market Call Account, on the anniversary of account opening.
  • The interest rates advertised here are not fixed until receipt of your deposit and any supporting documentation required to open your Fixed Term Deposit.
  • You can't withdraw your money before the end of the fixed term. We will take your circumstances into account and may make an exception in a special case but there will be a charge and you may potentially lose some of your capital deposited.
  • We'll try to contact you before your Fixed Rate Deposit matures. If we haven't heard from you by 4pm the working day before your deposit matures (or 3 working days earlier for currencies other than sterling), we will automatically reinvest the funds for the same fixed term, at the rate ruling on the day of re-investment.

Eligibility

You must be a personal customer aged 18 years and over. You must be ordinarily resident in the Channel Islands or Isle of Man

Current Interest Rates

Deposit Term Access Return over term Annual interest rate (AER**/Gross*) Minimum Deposit Maximum Deposit Currencies available
1 year At the end of your deposit term 2.80% 2.80% $10,000 $5 million US Dollar only
1 year At the end of your deposit term 3.40% 3.40% £10,000 £5 million Sterling only
2 year At the end of your deposit term 7.10% 3.55% £10,000 £5 million Sterling only
3 year At the end of your deposit term 12.00% 4.00% £10,000 £5 million Sterling only
5 year At the end of your deposit term 22.50% 4.50% £10,000 £5 million Sterling only
Any other term from 1 week to 5 years At the end of your deposit term Fixed according to your deposit Fixed according to your deposit £10,000 or equivalent in another currency No maximum All major currencies

Rates correct at time of publication.

Charges & fees.

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
When we buy from you Sterling American Express or other currency travellers cheques which you bought from us. Free.
When we buy travellers cheques or foreign currency from you. 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.

FAQ

What is the minimum opening balance?

The minimum opening balance for a Fixed Term Deposit in Sterling is £10,000. The minimum deposit varies for Fixed Term Deposits in other currencies so please ask for details.

How much can I deposit in a Fixed Term Deposit?

The maximum balance you can deposit into a Fixed Term Deposit is £5 million.

What currency can I open an Island Fixed Deposit in?

We offer Fixed Term Deposits in a range of currencies and terms. If the currency or term is not listed on our website you can always call or visit us in branch to see if we can help.

How much access do I have to my money?

Fixed Term Deposits do not allow any withdrawals or closure during the term. They are specifically designed for customers who have a lump sum of cash to deposit which they know they won’t need access to for the defined term.

When is interest paid on the Fixed Term Deposit?

For terms of up to 1 year interest is paid on maturity of the account. For terms over 1 year the interest is paid annually on the anniversary of the date the account was opened.

Who can I speak to if I need extra information?

For Jersey residents please call 01534 845155, Isle of Man residents 01624 638279, Guernsey residents 01481 706347 or Alderney residents 01481 822340.

How to apply:

Visit us in branch

Find out more

You can speed things up by downloading and completing our application form

  • Complete the form (optional, 10 minutes)
  • Bring it to a branch
  • Make sure you bring ID (driving licence, passport)

Call us

  • 01534 845155 Jersey
  • 01481 706347 Guernsey
  • 01624 638279 Isle of Man
  • 01481 822340 Alderney

Lines are open 9am to 5pm excluding bank holidays. Telephone calls may be recorded and monitored.

* GROSS RATE – The contractual rate of interest payable before deduction of income tax at the rate specified by law.

** AER Rate - 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 advertisement for a savings product which quotes an interest rate will contain an AER you will be able to compare more easily what return you can expect from your savings over time.

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Why Lloyds TSB?

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Financial Planning

Helping you choose how to invest:

Our financial planners will work with you to understand your particular needs and help you get the best from your investments.

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