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Monthly Saver boost from Lloyds TSB

Monthly Saver boost from Lloyds TSB

Category: Savings

Updated: 28/05/2009
First Published: 28/05/2009

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 It is now over 6 months old so the content may be out of date.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 announced it is to increase the rate paid by its Monthly Saver product.

The rate has been increased significantly by 2.00% and now pays 5.00%.

Its 1.00% conditional bonus, paid in months seven to 12 if 12 monthly payments have been made, is withdrawn.

The increase is great news for savers. The account offers the additional benefits of unlimited withdraws without notice or penalty and contributions can be amended if need be.

The product has been awarded four out of five Moneyfacts stars.

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 Any products featured may be withdrawn by their provider or changed at any time.