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Lloyds TSB sends Young Saver rate soaring

Lloyds TSB sends Young Saver rate soaring

Category: Savings

Updated: 15/08/2017
First Published: 15/08/2011

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 It is now over 6 months old so the content may be out of date.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

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