+£58
Club Monthly Saver (6.25%)17 mins
Lloyds BankClub Monthly Saver (6.25%)
£58 Free Cash•17 mins
£58 Free Cash
+£58What is Lloyds Bank?
Lloyds Bank is one of the UK’s oldest and largest retail banks, founded in 1765 in Birmingham. Part of Lloyds Banking Group, they’re a household name with branches across the country and a long track record in personal banking.
Their Club Lloyds current account comes with lifestyle perks like cinema tickets, magazine subscriptions, and access to exclusive savings rates, including this Monthly Saver. Club Lloyds costs £5/month, but the fee is waived if you pay in £2,000 or more each month.
You’ll need a Club Lloyds or Lloyds Premier current account to open this Monthly Saver. If you don’t already have one, we’d recommend doing the Lloyds bank switch first. You’ll pick up a switching bonus and get the current account you need in one step.
Launched
1765
Customers
26m+
Google Play
4.7 (380k)
★★★★★★
Key Terms
Profit
+£58
Interest rate
6.25% AER
(fixed)
Monthly depositUp to £400
Term12 months
Total max deposit
£4,800
(12 × £400)
Requires: A Club Lloyds or Lloyds Premier current account (free with £2,000/month pay-in)
Withdrawal terms: Unlimited free withdrawals. Withdrawn money cannot be re-deposited if it would exceed the £400 monthly limit.
Step by Step Guide
Chris's overview
Optional·2 min read
The Lloyds Club Monthly Saver pays a fixed 6.25% on up to £400 a month for 12 months. That’s around £58 more than you’d earn in a standard easy-access account on the same deposits.
You can withdraw at any time with no penalties. The rate is fixed for the full 12 months, so no surprise changes. Any money withdrawn can’t be re-deposited if it takes you over the £400 monthly cap.
You need a Club Lloyds or Lloyds Premier current account to open this. If you've already done the Lloyds bank switch, you're all set. If not, do that first and you'll pick up the switching bonus too. Club Lloyds costs £5/month, but the fee is waived if you pay in £2,000/month.
If Lloyds is your main bank with a salary of £2,000+, you’re all set. If not, set up a monthly transfer of £2,000 into Lloyds, move £400 to the saver, and transfer the remaining £1,600 back. Once the standing orders are in place, it runs on autopilot.
1
Open a Lloyds Club Monthly Saver
You are here10 mins
- You’ll need a Club Lloyds or Lloyds Premier current account. If you don’t have one, open a Club Lloyds account first.
- Log in to Lloyds online banking or the mobile app
- Navigate to Savings and open a Club Lloyds Monthly Saver
- Your 12-month term starts from the date Lloyds receives your first deposit
2
Make your first transfer
5 mins
- Transfer your chosen amount (£25 to £400) into your new Club Monthly Saver
- Deposits must reach your account before the 25th of each month
- You can pay in by standing order or bank transfer from your Club Lloyds current account
Transfer up to £400 each calendar month
2 min
- Deposits are per calendar month and must arrive before the 25th, so transfer early (ideally the 1st) to earn interest for the full month.
- Automate it: set up a standing order from your Club Lloyds current account to your Monthly Saver for the 1st of each month.
- Prefer doing it manually? Set a monthly reminder instead.
- You can deposit any amount from £25 to £400 per calendar month.
3
Withdraw your balance365d
2 mins
Your 12-month term ends
- After 12 months, your balance plus all earned interest is available in your account
- Lloyds will convert the account to a Standard Saver at a lower rate, so move your money to the best available savings account
- You can then open a new Club Monthly Saver for another 12 months
Offer Complete
Done? Tick off each step above to see your total.
Quick Lloyds Bank Review
Completed the offer? Awesome! Here's our full review on why Lloyds Bank could work well for you going forward.
Lloyds Bank at a glance
Updated:
Already a Club Lloyds customer? The Lloyds Club Monthly Saver pays 6.25% AER fixed for 12 months on deposits up to £400, and Quidsy currently has it live for £58 profit. You'll need an open Club Lloyds account first, so this is a top-up trick rather than a cold start.
Customers
26m
UK accounts
Founded
1765
261 years old
App Store
4.8 ★
2.4m reviews
Google Play
4.7 ★
380k reviews
Lloyds is one of those banks I'd quietly recommend to almost anyone, with one big caveat: time your offer well. As a place to keep your money, it's about as solid as UK banking gets. Big balance sheet, FSCS-covered, regulated up to the eyeballs, and a branch on most high streets if you need to actually talk to someone.
The catch is that the day-to-day product isn't the cheapest or the cleverest. The Classic Account is fine but unexciting, and Club Lloyds only really makes sense once the £2,000 monthly pay-in waives the fee. If you don't hit that, you're paying £60 a year for cinema tickets and a couple of perks you might not use.
Where Lloyds earns its place in a switching rotation is the offer cycle. The £200 switch bonus we tracked through to April 2026 has ended, and there isn't a live new-customer deal right now, but Lloyds (and Halifax and Bank of Scotland under the same group) usually circle back. The Club Monthly Saver at 6.25% AER is also worth knowing about if you're already inside the ecosystem.
For now, I'd keep Lloyds on the shortlist and wait for the next switch offer to land. When it does, it's an easy yes.
Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (FRN 119278). Eligible deposits are protected by the Financial Services Compensation Scheme up to £120,000 per person.