• ISLAND PREMIER ACCOUNT

    The Islands Premier Account is a current account with a range of additional benefits.

    • Free international transfers* - send and receive money internationally for free.
    • £15 monthly fee unless you maintain a cleared balance of £5,000, in which case no account fee is charged.
    • Various added value benefits
    Contact us
  • * Recipient and Corresponding Banks abroad may charge a fee for receiving payments.

  • Features & benefits

    • A traditional current account.
    • Option to open a savings account offering a Cashpoint ® card and interest paid either monthly or annually.
    • £15 monthly fee unless you maintain a cleared balance of £5,000, in which case no account fee is charged.
    • Free international transfers* - send and receive money internationally for free.
    • Interest and fee-free overdraft of £250 (subject to application and approval) and preferential overdraft rates.
    • Premier PhoneBank — our telephone banking service.
    • International Internet banking available, 24 hours a day, 7 days a week.
    • Preferential rates on personal loans.
    • Preferential terms and reduced fees on mortgages.
    • Multi trip worldwide family travel cover including, if eligible, your spouse, civil partner or partner and children**
    • Commission-free travel money.
    • 20% discount on AA European Breakdown Cover.
    • Card Loss Assistance.
    • £10 overdraft buffer: no overdraft fees to pay if you go overdrawn (either Planned or Unplanned) by £10 or less.
    • If your account goes over its limit, you’ll have until 3.30pm (UK Time) to pay money into your account to avoid Returned Item Fees and ensure the payment goes out, but you have until midnight to avoid overdraft fees and interest. The money needs to be immediately available to use, so you could transfer money from another personal account you have with us via Internet Banking or Telephone Banking or pay in cash over the counter in branch.
  • **We only offer products from a single company, underwritten by AXA Insurance UK plc. We do not provide advice on travel insurance and we will not make comparisons with other similar products including those which you may currently hold. You will need to make your own choice about how to proceed.

  • ** Travel insurance comes with individual terms and conditions contained within the Travel Insurance Terms and Conditions
  • Eligibility

    The Premier Account is available to residents in the Channel Islands and Isle of Man only with an individual income of £60,000 or joint income of £80,000 or free investible assets in excess of £100,000. Applicants must be aged 18 years or above.

  • Current Interest Rates

    Credit Interest Rates
    Island Premier Savings Account

    Island Premier Savings Account - Total Variable Interest Rate including Bonus - Monthly Interest Option.

    Interest rates for balances of £5,000 or more include a fixed bonus rate of 0.25% p.a. gross payable for one year from account opening.

    Interest rates for accounts opened after 1st September 2016

    Interest on Credit Balances % Per Annum Gross Rate */AER** (including Bonus) Standard Variable % Per Annum Gross Rate */AER**
    £1+ 0.01 0.01
    £5,000+ 0.30 0.05

    Interest rates for accounts opened before 1 September 2016

    Interest on Credit Balances % Per Annum Gross Rate */AER** (including Bonus) Standard Variable % Per Annum Gross Rate */AER**
    £1+ 0.01 0.01
    £5,000+ 0.30 0.05
    £10,000+ 0.30 0.05
    £25,000+ 0.35 0.10
    £50,000+ 0.40 0.15
    £100,000+ 0.45 0.20
    £1,000,000+ 0.50 0.25

    Interest rates payable from 2 October 2012

    Island Premier Savings Account - Total Variable Interest Rate including Bonus - Annual Interest Option

    Interest rates for balances of £5,000 or more include a fixed bonus rate of 0.25% p.a. gross payable for one year from account opening.

    Interest rates for accounts opened from 1 September 2016

    Interest on Credit Balances % Per Annum Gross Rate */AER** (including Bonus) Standard Variable % Per Annum Gross Rate */AER**
    £1+ 0.01 0.01
    £5,000+ 0.30 0.05

    Interest rates for accounts opened before 1 September 2016

    Interest on Credit Balances % Per Annum Gross Rate */AER** (including Bonus) Standard Variable % Per Annum Gross Rate */AER**
    £1+ 0.01 0.01
    £5,000+ 0.30 0.05
    £10,000+ 0.30 0.05
    £25,000+ 0.35 0.10
    £50,000+ 0.40 0.15
    £100,000+ 0.45 0.20
    £1,000,000+ 0.50 0.25

    Interest rates payable from 2 October 2012

    Overdraft Interest rates

    Islands Premier Current Account

    Interest rates from 2 October 2012

    Interest rate on Planned and Unplanned Overdraft Debit Balances (paid monthly) % Per Month % EAR
    £251 – £5,000 1.13 14.43
    £5,001 – £10,000 0.96 12.16
    £10,001 0.93 11.77

    Previous Interest rates

    Credit Interest Rates
    Island Premier Savings Account

    Interest rates from 2 March 2009 to 1 October 2012

    Island Premier Savings Account - Total Variable Interest Rate including Bonus - Monthly Interest Option.

    Interest rates for balances of £5,000 or more include a fixed bonus rate of 0.25% p.a. gross payable for one year from account opening.

    Interest on Credit Balances % Per Annum Gross Rate* % Per Annum AER**
    £1+ 0.01 0.01
    £5,000+ 0.30 0.30
    £10,000+ 0.30 0.30
    £25,000+ 0.35 0.35
    £50,000+ 0.40 0.40
    £100,000+ 0.45 0.45
    £1,000,000+ 0.50 0.50

    Credit Interest Rates

    Island Premier Savings Account

    Interest rates from 2 March 2009

    Island Premier Savings Account - Total Variable Interest Rate including Bonus - Monthly Interest Option

    Interest rates for balances of £5,000 or more include a fixed bonus rate of 0.25% p.a. gross payable for one year from account opening.

    Interest on Credit Balances % Per Annum Gross Rate* % Per Annum AER**
    £1+ 0.05 0.05
    £5,000+ 0.30 0.30
    £10,000+ 0.35 0.35
    £25,000+ 0.40 0.40
    £50,000+ 0.65 0.65
    £100,000+ 0.85 0.85
    £1,000,000+ 1.00 1.00

    Island Premier Savings Account - Standard Variable Rate - Monthly Interest Option

    Interest on Credit Balances % Per Annum Gross Rate* % Per Annum AER**
    £1+ 0.05 0.05
    £5,000+ 0.30 0.30
    £10,000+ 0.35 0.35
    £25,000+ 0.40 0.40
    £50,000+ 0.65 0.65
    £100,000+ 0.85 0.85
    £1,000,000+ 1.00 1.00

    Island Premier Savings Account - Total Variable Interest Rate including Bonus - Annual Interest Option

    Interest rates for balances of £5,000 or more include a fixed bonus rate of 0.25% p.a. gross payable for one year from account opening.

    Interest on Credit Balances % Per Annum Gross Rate* % Per Annum AER**
    £1+ 0.05 0.05
    £5,000+ 0.30 0.30
    £10,000+ 0.35 0.35
    £25,000+ 0.40 0.40
    £50,000+ 0.65 0.65
    £100,000+ 0.85 0.85
    £1,000,000+ 1.00 1.00

    Island Premier Savings Account - Standard Variable Rate - Annual Interest Option

    Interest on Credit Balances % Per Annum Gross Rate* % Per Annum AER**
    £1+ 0.05 0.05
    £5,000+ 0.30 0.30
    £10,000+ 0.35 0.35
    £25,000+ 0.40 0.40
    £50,000+ 0.65 0.65
    £100,000+ 0.85 0.85
    £1,000,000+ 1.00 1.00

    Island Premier Current Account

    Interest rates from 1 February 2012 to 1 October 2012

    Interest rate on Planned and Unplanned Overdraft Debit Balances (paid monthly) % Per Month % EAR
    £251 – £5,000 0.98 12.43
    £5,001 – £10,000 0.81 10.16
    £10,001 0.78 9.77

    Interest rates from 2 November 2007 to 31 January 2012

    Interest rate on Planned and Unplanned Overdraft Debit Balances (paid monthly) % Per Month % EAR
    £251 – £5,000 0.83 10.4
    £5,001 – £10,000 0.81 10.2
    £10,001 0.78 9.8

    *GROSS RATE: The contractual rate of interest payable before deduction of income tax at the rate specified by law.

    **AER – AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advert for a savings product will contain an AER – Annual Equivalent Rate – you can compare more easily what return you can expect from your savings over time.

    †EAR: Equivalent Annual Rate excluding any changes which may be applicable.

  • Charges & fees

    Avoiding overdraft charges.

    If your account goes over its limit you have until 3.30pm (UK time) to pay in money to avoid Returned Item Fees and ensure the payment goes out, but you have until midnight to avoid any overdraft fees and interest.

    • If you pay in enough to clear your overdraft you will not pay any fees or interest.
    • If you only clear an Unplanned Overdraft, but are within a Planned Overdraft, you will still pay a Monthly Overdraft Usage Fee.

    The money needs to be immediately available to use, so you could transfer money from another personal account you have with us via Internet Banking or Telephone Banking or pay in cash over the counter in branch.

    Overdraft fees

    We will charge you the following fees for all overdrafts, whether Planned Overdrafts or Unplanned Overdrafts:

    Overdraft amount. Fee.
    Up to £10. No fee.
    Above £10. £6 Monthly Overdraft Usage Fee.
    Only payable if you're overdrawn by more than £10 or your agreed overdraft limit.

    We will not charge you any other fees for a Planned Overdraft but you will normally be charged interest on the amount borrowed.

    Unplanned overdraft

    If we agree to your request for an Unplanned Overdraft, we will charge you the following fees:

    Fee. Amount. Description.
    Daily Fee. Unplanned Overdraft balance is You will pay a daily fee for using an Unplanned Overdraft. The amount of the fee will be worked out at the end of each day (including weekends and bank holidays) on the balance of your Unplanned Overdraft.

    We will charge you a maximum of eight daily fees in a monthly billing period.
    £10 or less. £0 (Buffer applies).
    More then £10 but less then £25. £5 a day.
    £25 or more. £10 a day.

    Returned item

    Where you do not have enough available money to make a payment and we do not agree to give you or extend an Unplanned Overdraft, you will not be able to make that payment.

    We will write to tell you we have declined your request. We will charge you the following fee:

    Returned item Fee.
    £10 for each item. We will charge you up to a maximum of three Returned Item Fees a day. This fee will not be charged if the amount of the payment that we decline is £10 or less.

    Using other services*

    Stopped cheque. Free.
    Special cheque presentation. £15.
    Returned cheque.
    If a cheque paid into your account is returned to us unpaid by another bank or branch. Free.
    Statements
    We will send you regular account statements free of charge. Free.
    If you order an extra statement at a Lloyds Bank Cashpoint. Free.
    Duplicate statements. £5 per request.**
    Banker's draft (sterling). £15.
    Holding envelopes and parcels. This service is no longer available. Existing users please contact the branch.

    01534 845436 or 01534 845269 Jersey
    01481 706317 Guernsey
    01624 697113 Isle of Man
    01481 822340 Alderney
    Travel facilities
    When you buy foreign currency or foreign currency travellers cheques from us Free
    When you buy sterling travellers cheques from us 1.5%(min £3).
    When we buy from you Sterling American Express or other currency travellers cheques which you bought from us. Free.
    When we buy other travellers cheques or foreign currency from you. 1.5%(min £3).
    If you have a Premier or Executive Gold Debit Card. Free.
    If you have a Student or Graduate account. Free.
    When you buy travellers cheques or foreign currency using a Lloyds Bank Premier, Platinum, Gold or Classic Credit Card. Free.

    * Please note the information in this section applies to customers with sterling accounts only. Please contact us if you have a Euro account or US dollar account.

    ** An administration charge may be made for excessive requests.

    Cashpoint® and debit card charges*

    Service Charges
    When you withdraw cash in the UK, Channel Islands or Isle of Man (whether at an ATM or over the counter)
    Using your debit card or Cashpoint® card at a Lloyds Bank Cashpoint® machine or branch in the UK, Channel Islands or Isle of Man Free
    Using your debit card at a non-Lloyds Bank Cashpoint® machine or non Lloyds Bank branch in the UK, Channel Islands or Isle of Man Lloyds Bank does not make a charge but the owner of the machine may. If so, the machine will show you the amount and tell you that it will be taken from your account when you withdraw the cash.
    When you use your debit card to purchase foreign currency or travellers cheques in the UK, Channel Islands or Isle of Man
    From Lloyds Bank branches Foreign currency and foreign currency traveller’s cheques: free. Sterling traveller’s cheques: 1.5% of the amount with a minimum transaction charge of £3.00. You won’t pay this fee if you order sterling travellers cheques over the phone and collect from a branch
    From any other banks, travel agents, bureaux de change and outlets displaying the Visa sign Lloyds Bank does not make a charge but the provider of foreign currency or travellers cheques may make a charge.
    When you withdraw cash abroad (whether at an ATM or over the counter)
    Using your Lloyds Bank debit card When you withdraw cash abroad normally we convert a withdrawal to sterling on the day it is processed by Visa using the Visa Payment Scheme Exchange Rate. We will charge a non-sterling transaction fee of 2.99% of the value of the withdrawal and we will charge a non-sterling cash fee of 1.5% of the value of the withdrawal which will be a minimum of £2.00 and a maximum of £4.50. Where you elect to allow the ATM operator / financial service provider to make the conversion to sterling we will charge a foreign cash fee of 1.5% of the value of the withdrawal which will be a minimum of £2.00 and a maximum of £4.50. The provider of the foreign currency may make a separate charge for conversion.
    Using your Cashpoint® card When you withdraw cash abroad normally we convert a withdrawal to sterling on the day it is processed by Visa using the Visa Payment Scheme Exchange Rate. We will charge a non-sterling transaction fee of 2.99% of the value of the withdrawal and we will charge a non-sterling cash fee of 1.5% of the value of the withdrawal which will be a minimum of £1.50. Where you elect to allow the ATM operator / financial service provider to make the conversion to sterling we will charge a foreign cash fee of 1.5% of the value of the withdrawal which will be a minimum of £1.50. The provider of the foreign currency may make a separate charge for conversion. Please note there is no maximum non-sterling cash fee or foreign cash fee.
    When you use your debit card to make a purchase or other transaction (not cash withdrawal, foreign currency or travellers cheque purchase) in a currency other than sterling whether you are in the UK, Channel Islands, Isle of Man or abroad
    Using your Lloyds Bank debit card The amount is converted to sterling on the day it is processed by Visa using the Visa Payment Scheme Exchange Rate. We will charge a non-sterling transaction fee of 2.99% of the value of the transaction.

    * Please note the information in this section applies to customers with sterling accounts only. Please contact us if you have a Euro account or US dollar account.

    Administration fees

    We’ll be happy to respond when you ask us for help with managing your day-to-day banking – at no charge.

    But, if we have to spend a significant amount of time on a specific area, then, like professional advisers, we may charge a fee. If this seems likely, we will agree it with you before you are committed.

  • What is the minimum opening balance?

    There is no minimum opening balance for the Islands Premier Account however there is a £15 monthly fee unless you maintain a cleared balance of £5,000, in which case no account fee is charged. You must also meet eligibility criteria.

    Do I have to pay a fee for this account?

    £15 monthly fee unless you maintain a cleared balance of £5,000, in which case no account fee is charged.

    How much can I deposit in an Island Premier Account?

    That's completely down to you. There's no limit on how much you can hold in your account.

    What currency can I open an Island Premier Account in?

    The Island Premier Account is available in Sterling only.

    How much access do I have to my money?

    You can access your money whenever you need to either in branch, over the phone using PhoneBank or Internet Banking. If you're withdrawing cash from an ATM, there is, however, a daily limit. You also have your own personal Relationship Manager who will be more than happy to help you.

    Who can I speak to if I need extra information?

    For Jersey residents please call 01534 845155, Isle of Man residents 01624 638279, Guernsey residents 01481 706347 or Alderney residents 01481 822340.

  • How to apply:

    pin

    Visit us in branch

    Visit us in branch to open an account.

    If you are a new customer, make sure you bring ID such as your original passport or driving licence, as well as proof of your address.

    Find a branch

    telephone

    Call us

    • 01534 845155  Jersey
    • 01481 706347  Guernsey
    • 01624 638279  Isle of Man
    • 01481 822340  Alderney

    Lines are open 24 hours a day, 365 days a year.

    To ensure security for our customers and staff and to help maintain service quality, some calls may be recorded and monitored.