Lloyds Bank Review, Offers, Rates & Alternatives
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), 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.
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.
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
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 United Kingdom — 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. 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.
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.