• International Bonus Saver Account

    An instant access savings account which offers an interest bonus for the first 12 months.

    Interested in this account? Request a call back to discuss your options.

    • Available in US Dollars.
    • Minimum balance $5,000.
    Contact us
  • Our Bonus Saver Account is a simple, no fuss, instant access savings account. Furthermore we will pay you a fixed interest rate bonus for the first 12 months giving you even more reasons to save.

    Features and benefits

    • Available in US Dollars.
    • Minimum deposit $5,000.
    • No Maximum deposit.
    • Interest paid monthly.
    • Instant access to your savings.
    • Customers requiring a Sterling instant access saving account with bonus may like to consider our Island Bonus Saver Account.
  • Eligibility

    You must be a personal customer aged 18 years and over. You must be ordinarily resident in the Channel Islands or Isle of Man.

  • US Dollar Bonus Saver Account

    Interest rate

    Account balance Gross interest rate* AER ** Bonus***
    With bonus Without bonus With bonus Without bonus
    US$1+ 0.37 0.20 0.37 0.20 0.17
    US$100,000+ 0.55 0.20 0.55 0.20 0.35
    US$500,000+ 0.70 0.20 0.70 0.20 0.50

    * 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 is the notional rate which illustrates the gross rate as if it was paid and compounded once each year. As every advertisement for a savings product will contain an AER you can compare more easily what return you can expect from your savings over time.

    *** BONUS – Interest will be paid on credit balances at the bonus rate and the standard variable rate for the first 12 months from opening the account. The bonus rate may vary depending on the credit balance of your account.

  • Charges & fees

    Sending funds*

    International moneymover service* Through Currency Internet Banking Free
    Through International PhoneBank, in branch, or in writing Free
    Through Standing Order Free
    To your other accounts held with Lloyds Banking Group Free
    Correspondent Bank Fee* Zone 1 (USA, Canada and Europe) £12
    Zone 2 (Rest of the world) £20
    (Note: For the purposes of the Correspondent Bank Fee, Europe is defined as all EEA countries plus Jersey, Guernsey, Isle of Man, Monaco, San Marino and Switzerland)
    International drafts £15 (plus registration fee if posted)
    Electronic Funds Transfer (CHAPS payments within the British Isles) £30
    Cash withdrawals and deposits into the US Dollar Account 2% on the Sterling equivalent of each currency, minimum £3 per currency and £10 administration fee

    These accounts are not designed to be used for receipt of notes or coins. If you need this service, please contact your International Banking Team.
    Recalling a payment £20 per payment

    We cannot guarantee the cancellation as funds may already have been paid to the beneficiary. You could receive less than the original amount of the payment, due to adverse exchange rate movements

    * When making an International Payment there are two charging methods:

    Split Charges: Recipient and Correspondent banks abroad may charge a fee for receiving payments which will be paid by the recipient if you choose to share charges.

    Pay all Charges: A Correspondent Bank Fee will be payable for international payments where you choose to pay the charges for the recipient, if you are permitted to do so based upon the destination of the payment and the type of account that you hold. The Correspondent Bank Fee replaces all Correspondent bank charges. The recipient bank may still charge its customer a fee but we cannot provide information about such a fee. The amount of the Correspondent Bank Fee depends on the location of the recipient bank.

    Receiving funds.

    Electronic bank transfer from another financial institution Any amount Free
    Cheque collections Cheques up to £100 £5
    Cheques of £100 and above 25p per £100 (min £15, max £80 per cheque)
    Cheque negotiation to Sterling account* Cheques up to £100 £5
    Cheques of £100 and above 25p per £100 (min £8, max £80 per cheque)
    Cheques in a foreign currency drawn in a different country (not UK)
    e.g. US Dollars drawn in France
    As above, but minimum £10 per cheque.
    Cheque negotiation to currency account* Cheques in the same currency as the account £2 per cheque
    Cheques requiring currency conversion £4 per cheque

    * The correspondent bank may also levy a charge based on the value of the cheque.

    Other standard services.

    Supplying copies of previous bank statements. £5 per request.
    An administration charge may be made for excessive requests.
  • What currencies is the International Bonus Saver Account available in?

    You can save in US Dollars and Sterling

    (From 03 July 2013 customers requiring a Sterling instant access saving account may like to consider our Island Bonus Saver Account).

    Is there a charge notice period for withdrawing money?

    No, you can withdraw your money from an International Bonus Saver Account at any time.

    What is the maximum deposit allowance?

    There is no maximum limit.

    Can I open more than one International Bonus Saver Account?

    You can open more than one single or joint International Bonus Saver Account for each currency.

    Is the interest rate variable or fixed?

    The interest rate is variable and depends on the balance you hold: it is tiered. On top of the variable rate you will also receive a bonus for the first 12 months. For more information on interest rates, see International Bonus Saver Account interest rates.

    What is a tiered interest rate?

    When the interest rate is tiered, the more you deposit, the higer interest rate you receive.

    What interest rate do I get once the bonus runs out?

    The bonus will expire 12 months after the account is opened. The interest rate will revert to the relevant non bonus interest rate applicable at that time. For detailed interest rates, see our International Bonus Saver Account Interest rates.

    How long do I get the interest rate bonus for?

    The interest rate bonus applies for the first 12 months from opening the account.

    How can I access my money with an International Bonus Saver Account?

    You can request a transfer to another bank account by telephone or online.

    How can I pay money into an International Bonus Saver Account?

    We will provide you with a sort code and account number (IBAN and BIC for transfers from banks outside the UK) to enable you to deposit money.

    You can also pay in cheques but our standard charges will apply.

    Who can I speak to if I need extra information?

    Lines are open 6am to Midnight UK time, 7 days per week.

    To ensure security for our customers and staff and to help maintain service quality, some calls may be recorded and monitored. Call costs may vary depending on your service provider.

  • * 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 is the notional rate which illustrates the gross rate as if it was paid and compounded once each year. As every advertisement for a savings product will contain an AER you can compare more easily what return you can expect from your savings over time.

  • 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 6am to Midnight UK time, 7 days per week.

    To ensure security for our customers and staff and to help maintain service quality, some calls may be recorded and monitored. Call costs may vary depending on your service provider.