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The 0.01% interest rate offered with this savings account is about 0.12% lower than the market average interest rate. A high-yield savings account will provide better returns on your deposits.
Rate-chasing savers could use this account to boost income. The Club Lloyds account is open to both new and existing customers and pays 1 per cent on in-credit balances of between Â£1 and Â£1,999, 2 per cent up to Â£3,999 and 4 per cent up to Â£5,000 for an unlimited period.ate-chasing savers could use this account to boost income. The Club Lloyds account is open to both new and existing customers and pays 1 per cent on in-credit balances of between Â£1 and Â£1,999, 2 per cent up to Â£3,999 and 4 per cent up to Â£5,000 for an unlimited period.