What interest rate does the Lloyds Bank Online Fixed Bond 1 Year pay?

The Lloyds Bank Online Fixed Bond 1 Year pays 4.00% AER, fixed for one year.

How much interest could I earn?

Saving £10,000 for 1 year would earn about £400 at 4.00% AER. This assumes the rate stays the same and interest stays in the account.

How much can I pay in?

You can deposit at least £500 and up to £10,000,000.

Can I withdraw my money?

No. Your money is locked in until the fixed term ends, so only put in what you won't need before then.

When is interest paid?

Interest is paid at the end of the term.

Who can open this account?

New and existing Lloyds Bank customers can open it. You can open it online, in branch, in the app or by phone.

Is my money protected?

Yes. Eligible deposits are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per person, per banking licence.

How does it compare with other one-year fixed rate bonds?

At 4.00% AER it ranks 59th of 69 one-year fixed rate bonds we track. The best pays 5.12% and the average is 4.47%.

Dashboard

Fixed Rate

Lloyds Bank Online Fixed Bond 1 Year Review

A one-year fixed rate bond from Lloyds Bank. It ranks 59th of 69 one-year fixed rate bonds we track.

Rate checked Oct 2026Got this account? Leave a review

Fixed rate · 1 year

4.00%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£500

Max balance

£10,000,000

Access

At maturity only

Interest paid

On maturity

Lloyds Bank is also paying £200 to switch your current account. Offer ends 9 December 2026.

See the switch offer

How It Stacks Up

Ranks 59th of 69

1-year fixed bonds we track

Below average

This account 4.00%

UK CPI (Aug 2026): 3.10%; Pays 0.90% more
Average 1-year fixed: 4.47%; Pays 0.47% less
Best 1-year fixed: 5.12%; Pays 1.12% less

Inflation: ONS. Averages and best rates: accounts on DepositScout.

Compare fixed bonds

Pros and cons

Pro: New and existing savers
Con: Your money is locked in for 1 year

Good to Know

An extra 0.20% AER/gross if you have a Lloyds Premier personal current account that's been open for at least 8 days.

If you close the account early, for the 1 year term account you’ll be charged the equivalent of 90 days’ gross interest.

Please verify all details with the provider – see our Disclaimer

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Estimated returns with Lloyds Bank's Fixed Rate

What you could earn with Lloyds Bank's Online Fixed Bond 1 Year.

Estimated interest

£1,000 saved

£40.00

At 4% AER

£5,000 saved

£200

At 4% AER

£10,000 saved

£400

At 4% AER

£10,000,000 saved

£400,000

At 4% AER

Estimated over one year, if the rate stays the same and interest is left in. Amounts outside the account's minimum or maximum aren't shown.

Work out the tax on your interestSee how much of this interest could be taxed.

Our Expert Opinion on Lloyds Bank Online Fixed Bond 1 Year

Jonny PeaseCo-Founder, DepositScout

Lloyds Bank's one-year fixed bond pays 4.00% AER, which sits below the market average for fixed-rate savings and 1.35% behind the current market leader at 5.35%, so you are leaving meaningful money on the table if rate is your priority. It does beat August 2026 CPI of 3.1% by 0.90%, which at least means your money grows in real terms. Existing Lloyds Premier current account holders can nudge the rate up by 0.20%, which helps a little. The main catch is that your money is completely locked away for the year, with early access only possible by visiting a branch in person.

Compare Fixed Rate Bonds