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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 It is now over 6 months old so the content may be out of date.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.

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