Lloyds TSB sends Young Saver rate soaring - Savings - News - Moneyfacts

News

Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Lloyds TSB sends Young Saver rate soaring

Lloyds TSB sends Young Saver rate soaring

Category: Savings

Updated: 15/08/2011
First Published: 15/08/2011

MONEYFACTS ARCHIVE
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 It is now over 6 months old so the content may be out of date.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 increased the rate payable on its Variable Young Saver Account by a massive 2.47%.

Now paying 2.97% (3.00% AER) quarterly on balances up to £20K, the account is one of the market leaders in its field.

Even though the rate reduces to 0.50% on any savings above the £20K mark, it is unlikely to be an issue for too many children.

Sure to help encourage youngsters get into the savings habit, this account earns four out of five Moneyfacts stars.

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 Any products featured may be withdrawn by their provider or changed at any time.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

Just 47% have money in a savings account

We’re often told of the importance of saving, yet unfortunately, the message doesn’t always get through. Indeed, research shows that just 47% of those surveyed have money in a savings account, and 17% have no savings or investment whatsoever.

How much will you save this year?

Many of us have set savings goals for the year ahead, and planning to budget better and save more will be at the top of many financial resolution lists. But how much are you hoping to squirrel away? Encouragingly, many people have impressive targets.

How to make your savings go further this year

The start of a new year is always a good time to sort out your finances, and this year, focusing on your savings should be at the top of the agenda. We’ve got a few tips and tricks to help make your savings go further in 2017.
 
Close