Lloyds Bank UK — Club Lloyds, Classic Account, Credit Cards & Savings Compared
Lloyds Bank is the UK's largest bank by retail customers, offering current accounts, savings, credit cards, mortgages, and loans. It operates the largest UK branch network.
Live offers
- Lloyds Bank Platinum 0% Purchase and Balance Transfer Credit Card
- Lloyds Bank Ultra Credit Card
- Classic Account
- Student Current Account
- Lloyds Easy Saver
| Founded | 1765 |
|---|---|
| Owner | Lloyds Banking Group (also owns Halifax) |
| Current accounts | Classic (free), Club Lloyds (£5/month, refunded in any month you pay in £2,000+), Student (£1,500 interest-free overdraft) |
| Credit cards | Platinum 0% balance transfer for 25 months (no fee); Ultra 12.9% APR |
| Savings & loans | Easy Saver 4.25% AER; personal loans from 5.9% APR |
| Best for | UK residents who want the widest branch network |
| Alternatives | Barclays, NatWest, Halifax, Nationwide |
Best for
- UK residents who value branch banking and the widest ATM network
Not ideal for
- Digital-first users — Monzo and Starling offer a better app-only experience
Lloyds Bank current accounts
Lloyds lists three personal current accounts on Giraffy: the fee-free Classic Account, the Club Lloyds rewards account and a Student Current Account.
- Classic Account: no monthly fee, Save the Change round-ups into eligible Lloyds savings
- Club Lloyds: £5/month, £100 fee-free overdraft, no foreign transaction fee on the debit card, access to exclusive Club Lloyds savings
- Student Current Account: no monthly fee, interest-free overdraft up to £1,500
- Arranged overdrafts outside the free buffer: 29.9% EAR; deposits FSCS-protected up to £85,000
Best for: Club Lloyds suits customers who use the card abroad and want the linked savings rates; Classic suits everyone else.
Compare bank accounts in Lloyds Bank in United Kingdom: 10 live plans compared
Lloyds Bank credit cards
Two Lloyds cards are tracked, both with no annual fee.
- Platinum 0% Purchase and Balance Transfer: 0% on balance transfers for 25 months with no transfer fee, 24.9% representative APR afterwards
- Ultra: 12.9% representative APR, 0% foreign transaction and overseas cash fees, rewards on spending
Best for: Platinum for clearing existing card debt; Ultra for travel spending.
Compare credit cards in Lloyds Bank in United Kingdom: 10 live plans compared
Lloyds savings, loans and mortgages
Lloyds also lists savings, borrowing and mortgage products on Giraffy.
- Easy Saver: 4.25% AER, instant access, balances up to £25,000
- Personal loan: 5.9% representative APR, £1,000–£50,000 over 1–7 years
- Mortgage: 4.29% initial rate, 2-year fix at 60% LTV, with current account cashback
Compare savings accounts in Lloyds Bank in United Kingdom: 10 live plans compared
Lloyds Bank vs alternatives
Lloyds Bank vs Barclays
Better mobile app. Both are major high-street banks. Barclays' app is generally better rated.
Lloyds Bank vs Nationwide
Building society with competitive savings rates. Nationwide is member-owned. Lloyds has wider service range.
Lloyds Bank in Lloyds Bank in United Kingdom: 10 live plans compared — FAQ
Is Lloyds the biggest bank in the UK?
Lloyds is the largest UK retail bank by number of customers. Compare its accounts with NatWest and Barclays on Giraffy.
How much does Club Lloyds cost?
Club Lloyds costs £5 a month on Giraffy's listing, and Lloyds refunds the fee in any month you pay in £2,000 or more. It includes a £100 fee-free overdraft, no foreign transaction fee on the debit card and access to exclusive Club Lloyds savings accounts. The Classic Account has no monthly fee if you don't need those extras.
Which Lloyds credit card is best for a balance transfer?
The Lloyds Bank Platinum 0% Purchase and Balance Transfer card offers 0% on balance transfers for 25 months with no transfer fee, then a 24.9% representative APR. Compare it with other UK balance transfer cards on Giraffy before applying.
What is the Club Lloyds current account interest rate?
Club Lloyds pays variable in-credit interest. Lloyds' terms on Giraffy's listing say balances between £1 and £3,999.99 earn 0.75% AER/gross, and the account is listed with in-credit interest of up to 3%. Rates can change, so check the current tiers with Lloyds; for a higher rate on savings, compare the Lloyds Easy Saver (4.25% AER) and other UK savings accounts.
How does the Club Lloyds overdraft work?
Club Lloyds includes a £100 fee-free arranged overdraft. Arranged borrowing above that is charged at 29.9% EAR, the same rate listed for the Classic Account. The Student Current Account is the exception, with an interest-free overdraft of up to £1,500.
Does the Lloyds Classic Account pay interest?
Giraffy's listing shows no in-credit interest on the Classic Account. It is a free everyday account while you stay in credit, with Save the Change round-ups into eligible Lloyds savings. If you want interest on your current account balance, Club Lloyds is the Lloyds option (£5/month, refunded when you pay in £2,000+).
Does Lloyds charge fees for using a card abroad?
The Lloyds Ultra credit card and the Club Lloyds debit card both list no foreign transaction fee. The Classic Account debit card is not listed as fee-free abroad, so check the account terms before travelling.