Lloyds Bank
£65 Free Cash
Club Monthly Saver (6.25%)£65profit
17mins to complete
Offer overviewChris · Your personal guide
Lloyds is a UK high street bank offering current accounts, savings and mortgages.
About £65 more than an easy-access account on the same deposits, from a fixed 8% on up to £250 a month for 12 months. You can withdraw at any time, though anything you take out cannot go back in above the monthly cap.
You need a Club Lloyds account, which costs £5 a month unless you pay in £2,000. If your salary does not cover that, a standing order in and back out does the job, and it runs itself once set.
Key terms
+£65
Interest rate8% AER
(fixed)
Monthly depositUp to £250
Term12 months
Total max deposit£4,800
(12 × £400)
RequiresA Club Lloyds or Lloyds Premier current account (free with £2,000/month pay-in)
Withdrawal termsUnlimited free withdrawals. Withdrawn money cannot be re-deposited if it would exceed the £400 monthly limit.
Step by Step Guide
Start here
Open a Lloyds Club Monthly Saver
10 mins
You’ll need a Club Lloyds or Lloyds Premier current account. If you don’t have one, open a Club Lloyds account first.
- 1Log in to Lloyds online banking or the mobile app
- 2Navigate to Savings and open a Club Lloyds Monthly Saver
Your 12-month term starts from the date Lloyds receives your first deposit
Up next · 2 steps
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.
Withdraw your balance
Ends in 12 months2 mins
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
3 steps to £65
Quick review
Lloyds Bank
Wondering whether Lloyds Bank is worth it beyond the bonus? Here is our honest take.
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.
CategoryRegular Savers
Last updated
Chris' verdictYour personal guide, QuidsyLloyds 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.