Lloyds TSB Monthly Saver

Published on 23 September 2010 by Raffick Marday

If you are in search of a secured place in order to save your money, the Lloyds TSB Monthly Saver account is automatically the first and foremost choice.

What benefits can you get from the Lloyds Monthly Saver account?

It caters with a massive interest rate of 2.00% Gross/AER for the initial one year after opening the account. You will be further provided with the benefit of paying all the interests on a maturity level.

Again, you can possess the utmost liberty of deciding the appropriate amount of money which you would like to save each and every month. By accessing the privileges of standing order, now an individual can save any amount starting from ₤25 to ₤250 according to his/her wish. In addition, you will be further provided with the amenity of receiving an instantaneous access to all your deposited funds, excluding the penalty charges.

There hardly exists any limitation on the withdrawal of cash from your current account. However, after the money has been withdrawn, you are not authorized to replace the same, and can pay only one time in a month via standing order.

Along with this, by using the online banking facilities, you can constantly monitor surveillance on your account and can even modify the standing order at any point of time. Again, if you possess the fervent desire of accessing the Carry on saving methodology, your account will be effectively converted into an Easy Saver by the end of the term.

How to apply?

In order to apply for a Lloyds TSB Monthly Saver account, an individual is supposed to be 16 years old or above and must own a Lloyds TSB current account. You are being entitled to possess only one account at a time which can either be held on your sole name or jointly.

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