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Savings & Investments / Fixed Rate Deposit
Savings & Investments
A Fixed Rate Deposit for a set term meaning you will know exactly how much interest you will earn and for what period of time.
No one knows what the future may hold, but with our Island Fixed Rate Deposit you just put your money away for a fixed term and you'll get a fixed rate of return paid monthly or annually. It's perfect for planning in advance, because you'll already know exactly how much you'll get back - and when you'll get it.
Rates correct as at 21st May 2016
You must, at all times for which your Island Fixed Rate Deposit Account is open, maintain a Nominated Account. The Nominated Account is a Lloyds Bank International Limited Current Account or Savings Account (as defined in the Customer Relationship Agreement) held in your own name (or, where you are a joint holder, in the name of both or any one of you), details of which will be included in the Application Form.
The interest rates advertised here are not fixed until receipt of your deposit and any supporting documentation required to open your Fixed Term Deposit.
You can't withdraw your money before the end of the fixed term. We will take your circumstances into account and may make an exception in a special case but there will be a charge and you may potentially lose some of your capital deposited.
On the last day of the Term (or the next Working Day if the last day of the Term falls on a non- Working Day), we will automatically convert your Island Fixed Rate Deposit Account into an Island Standard Saver Account (the Conversion).
It is your responsibility to contact us to give us your maturity instructions before the end of the Term. However, at least 60 days before the end of the Term, we will write to you asking for instructions about what you would like us to do with your balance after the Conversion. When we write we may also send you information about other accounts we think may be appropriate, for example, if we are offering similar accounts at the time that you may want to transfer the balance to.
* GROSS RATE – The contractual rate of interest payable before deduction of income tax at the rate specified by law.
** AER Rate - 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 advertisement for a savings product which quotes an interest rate will contain an AER you will be able to compare more easily what return you can expect from your savings over time.
You must be a personal customer aged 18 years and over. You must be ordinarily resident in the Channel Islands or Isle of Man.
There is no fee for opening and holding an Island Fixed Rate Deposit.
You can't withdraw your money before the end of the fixed term. We will take your circumstances into account and may make an exception in a special case and there will be no charge.
General terms and conditions PDF
Account terms and conditions PDF
The minimum opening balance for the Island Fixed Rate Deposit in Sterling is £2,000.
The maximum balance you can deposit into an Island Fixed Rate Deposit is £5 million.
We offer Island Fixed Deposit in Sterling.
Island Fixed Rate Deposits do not allow any withdrawals or closure during the term. They are specifically designed for customers who have a lump sum of cash to deposit which they know they won't need access to for the defined term.
You can choose to have your interest paid monthly or at maturity.
For Jersey residents please call 01534 845155, Isle of Man residents 01624 638279, Guernsey residents 01481 706347 or Alderney residents 01481 822340. Lines are open 9–5 Monday – Friday. To ensure security for our customers and staff and to help maintain service quality, some calls may be recorded and monitored.
© Copyright 2015 Lloyds Bank International
Our products and services are offered by Lloyds Bank International Limited & Lloyds Investment Fund Managers Limited. See company Information. Whilst our services will be available to many customers, there are countries where, due to legal or regulatory restraints, we cannot provide them.
Rules and regulations made under the UK Financial Services and Markets Act 2000 for the protection of depositors and investors, including the Financial Services Compensation Scheme, do not apply to the financial services business of companies within the Lloyds Banking Group carried out from offices outside of the United Kingdom.
Lloyds Bank International Limited. Registered office and principal place of business: P.O. Box 160, 25 New Street, St. Helier, Jersey JE4 8RG. Lloyds Bank International Limited is incorporated in Jersey No. 4029 and is regulated by the Jersey Financial Services Commission to carry on deposit-taking business under the Banking Business (Jersey) Law 1991 and investment and general insurance mediation business under the Financial Services (Jersey) Law 1998. Lloyds Bank International Limited subscribes to the Jersey Code of Practice for Consumer Lending and has also notified the Jersey Financial Services Commission that it carries on money service business.
The Guernsey branch of Lloyds Bank International Limited, principal place of business PO Box 136, Sarnia House, Le Truchot, St Peter Port, Guernsey, GY1 4EN, is licensed by the Guernsey Financial Services Commission to take deposits and to carry on controlled investment business and insurance intermediary business under The Banking Supervision (Bailiwick of Guernsey) Law, 1994, The Protection of Investors (Bailiwick of Guernsey) Law, 1987 (as amended) and The Insurance Managers and Insurance Intermediaries (Bailiwick of Guernsey) Law, 2002 (as amended), respectively, and is also registered with the Guernsey Financial Services Commission as a money service provider.
The Isle of Man branch of Lloyds Bank International Limited of PO Box 111, Peveril Buildings, Peveril Square, Douglas, Isle of Man IM99 1JJ is licensed by the Isle of Man Financial Services Authority to conduct deposit-taking and investment business and is also registered as an insurance intermediary in respect of general business.
Lloyds Bank International Limited is a Jersey registered company that is a wholly owned subsidiary of Lloyds Bank plc. Lloyds Bank plc is incorporated in the United Kingdom, is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under number 119278, and is part of the Lloyds Banking Group. Lloyds Bank International Limited places funds with Lloyds Bank plc and thus its financial standing is linked to that of the group. Depositors may wish to form their own view on the financial standing of Lloyds Bank International Limited and its parent based upon publicly available information. Download Lloyds Bank International Limited’s latest annual financial statements at http://international.lloydsbank.com/legal-information/
Lloyds Investment Fund Managers Limited. Registered office: PO Box 160, 25 New Street, St Helier, Jersey JE4 8RG. Authorised by the Jersey Financial Services Commission under the Collective Investment Funds (Jersey) Law 1988.