Lloyds TSB Increases Monthly Saver Rate To 5 Per Cent
Released
on: June 11, 2009, 6:00 am
Author: Lloyds TSB
Industry: Financial
Lloyds
TSB has announced that it has increased the rate on its popular
Monthly Saver account to 5 per cent.
Lloyds
TSB Monthly Saver account holders can enjoy this competitive fixed
rate for twelve months on regular monthly deposits between £25
and £250. If customers find they have additional funds to
save, they can increase the amount on their monthly standing order
at any time during the 12 month period, up to the maximum monthly
deposit of £250.
Colin
Walsh, managing director of Savings and Investment at Lloyds TSB
said, "Given the uncertainty around us, getting into a savings
habit has never been more important. This is why we want to make
it as easy as possible for our customers to build a nest egg and
provide the added incentive of a competitive savings
rate."
Should
the need arise customers can also benefit from instant access
to their savings, without incurring any withdrawal penalty.
Colin
Walsh continued: "We know some savers want the reassurance
of being able to access if they need to, so this product allows
customers to dip into their funds without penalties."
Lloyds
TSB Current
Account holders can open a Monthly
Saver account either in branch or through telephone banking.
To
help savers make the most of their money Lloyds TSB has a dedicated
savings hub at
Savvy Saver, full of advice, information and useful planning
tools. Users can also submit and share their own savings tips,
to help other savers maximise their cash.
Notes
to editors:
- Funds withdrawn from the account cannot be replaced
- Standing Order on the account can be changed at any point during
the twelve month period.
- This product is subject to availability
About
Lloyds TSB:
Lloyds TSB offers customers a wide range of current accounts,
savings accounts, insurance, personal loans and credit cards,
investment and cash ISA accounts designed to meet different customers'
needs.
Lloyds
TSB Bank plc and Lloyds TSB Scotland plc are authorised and regulated
by the Financial Services Authority and signatories to the Banking
Codes.
Lloyds
TSB Bank plc Registered Office: 25 Gresham Street, London EC2V
7HN.
Registered in England and Wales no. 2065.
PR
Contact:
Amanda Glover
Media Relations Manager
Lloyds TSB Press Office
25 Gresham Street
London
EC2V 7HN
020 7356 2021
www.lloydstsb.com
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