Like most instant access savings accounts, the one Lloyds bank offers features a variable interest rate. This means that the interest rate moves up and down, either in accordance with the Bank of England base rate or with the polices of Lloyds.
The Lloyds instant access savings account also has another common feature of these kinds of accounts that consumers should be aware of: an introductory bonus. These are usually for the first 12 months, which can make the account attractive - they allow you to earn a higher rate than with other instant access deals, without locking your money away. But you have to remember to switch again when the bonus period comes to an end.
Before deciding if Lloyds instant access savings accounts are right for you, take a few moments to compare our selection of other top deals in the comparison tables above to see if any other products offer you something better.