Lloyds TSB on the right savings track - Savings - News - Moneyfacts


Lloyds TSB on the right savings track

Lloyds TSB on the right savings track

Category: Savings

Updated: 26/04/2011
First Published: 26/04/2011

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Lloyds TSB has unveiled two new tracker bonds sure to capture savers' attention.

Paying 3.00% for a one year term and 3.30% for a two year term, the bonds are market leaders in the variable bond market.

As with most variable bonds there is no flexibility for withdrawals or additional investments during the term, so savers will need to be certain they can commit the necessary funds (the minimum investment is £2K).

The one year version is guaranteed to be 2.50% above base rate and the two year version 2.80% higher, which is good news as rates are expected to increase in the longer term.

Four out of five Moneyfacts stars have been awarded.

Find the best savings rates for you - Compare savings accounts

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

6 of the best monthly interest savings accounts

Monthly interest savings accounts pay interest on your savings each month – as opposed to yearly – and therefore allow you to take a regular income from your hard-earned cash.

Savings being used as a festive financial buffer

Good news from RCI Bank UK – its latest research shows that many of us are saving more than we were a year ago, but the question is, will you be dipping into that buffer to cover the cost of Christmas?

6 of the best easy access savings accounts

Easy-access savings accounts are as simple as they sound – they allow you to access your money whenever you need it, without having to give advance notice, and they also allow you to pay into them at any time. Here are six of the best.