Lloyds offers fixed savings account with upfront Christmas interest
Lloyds has introduced a one-year fixed savings account that pays interest upfront, timed for Christmas. The account requires a minimum deposit and has a fixed term.
Why it matters
Eligibility requires a minimum deposit, and interest is paid in advance with no early withdrawal options.
interest payment timing
Interest is paid upfront, with the first payment occurring before the end of the year.
term length
The account has a fixed term of one year with no early withdrawal permitted.
Common questions
Can I withdraw money before the term ends?
No, the account does not allow early withdrawals during the one-year term.
Sources
- Lloyds launches one-year fixed savings account with a twist - it pays upfront interest in time for Christmas This is Money · thisismoney.co.uk
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