Lloyds TSB Business Savings Accounts

Lloyds TSB’s business savings accounts come in several different formats that are designed to meet with the needs of their customers. The following is a brief breakdown of some of the deals that are currently being offered.

Their standard business savings accounts come with several useful benefits, with tiered interest rates, instant access to customer savings and a minimum deposit of £1 needed in order to set up an account. They are divided into two categories:

• Instant access accounts – this type of business savings account may help businesses earn interest on their profits, while also providing a high level of access and flexibility.
• 30 day notice accounts – this type of business savings account provides customers with higher interest rates, but will require a waiting period before any money can be withdrawn.
  

If you are searching for a business savings account, it is strongly recommended to shop around as much as possible to compare the various offers that are available. For more information and business savings account comparisons, please see the table below:

There are several other business savings account deals offered by Lloyds TSB, these types of accounts are intended for customers who can commit larger sums to their business savings accounts.

Designed for deposits of £50,000 or more – Some aspects are of this account are: fixed interest rates, customers may select duration of their choice, with a minimum £50,000 deposit.

Designed for deposits of £100,000 or more – Some aspects are of this account are: fixed interest rates for a 12 month period, 32 days notice required to withdraw 20% finance, a minimum starting deposit of £100,000. 

Partial withdrawal fixed term deposit – this type of business savings account allows customers to withdraw 20% of their finances throughout a twelve month period while earning a fixed rate of interest.