{"id":128409,"date":"2026-11-08T10:20:00","date_gmt":"2026-11-08T10:20:00","guid":{"rendered":"https:\/\/en.econostrum.info\/uk\/?p=128409"},"modified":"2026-11-08T09:48:22","modified_gmt":"2026-11-08T09:48:22","slug":"lloyds-launches-new-fixed-savings-rate","status":"publish","type":"post","link":"https:\/\/en.econostrum.info\/uk\/lloyds-launches-new-fixed-savings-rate\/","title":{"rendered":"Lloyds Launches New Fixed Savings Rate With a December Deadline Approaching"},"content":{"rendered":"\n

The announcement follows the Bank of England\u2019s decision to raise its Bank Rate from 3.75% to 4%, amid renewed concerns about inflation linked to the conflict in the Middle East. The new Lloyds rate replaces a previous offer of 2.75%, giving eligible businesses a fixed return on money set aside for future use.<\/p>\n\n\n\n

Lloyds Sets Out Conditions for Its 4.01% Business Savings Account<\/strong><\/h2>\n\n\n\n

According to Lloyds Bank<\/a>, the Fixed Term Deposit Account requires an initial deposit of at least \u00a310,000, with a maximum permitted balance of \u00a35 million. Applicants must be aged 18 or over, operate a business in the UK and be a sole trader, partner or company director.<\/p>\n\n\n\n

The 4.01% rate is fixed until 13 January 2028<\/strong>. Customers cannot make additional deposits or withdraw money during the agreed term. Applications can be completed through the bank\u2019s online business banking service or mobile app.<\/p>\n\n\n\n

The bank provides examples of the interest customers could receive. A \u00a310,000 deposit could earn \u00a3475.71, while \u00a350,000 could generate \u00a32,378.54. A business depositing \u00a3100,000 could receive \u00a34,757.07 in interest.<\/p>\n\n\n\n

These illustrations assume an account opened on 6 November 2026<\/strong> and held until maturity. For deposits lasting more than 12 months, interest is paid annually into a linked account, with the remaining interest and original deposit returned at the end of the term.<\/p>\n\n\n\n

According to the Daily Express<\/a>, Fiamma Morton, managing director of SME Banking at Lloyds, said: \u201cEvery pound matters when you\u2019re running a business, and money set aside for the future should be working hard too<\/em>.\u201d<\/p>\n\n\n\n

Morton said the fixed rate would allow businesses to know what their surplus cash would earn, potentially supporting future investment and growth decisions.<\/p>\n\n\n\n

\"\"
Lloyds offers 4.01% fixed interest on business deposits from \u00a310,000 to \u00a35 million \u00a9Shutterstock<\/em><\/figcaption><\/figure>\n\n\n\n

Bank of England Rate Rise Adds Pressure to Businesses and Households<\/strong><\/h2>\n\n\n\n

The Lloyds<\/a> announcement comes against a backdrop of higher borrowing costs and continuing uncertainty over inflation.<\/p>\n\n\n\n

The Bank of England recently increased its Bank Rate from 3.75% to 4%<\/strong>. Governor Andrew Bailey warned that a prolonged Middle East conflict could increase the risk of inflation becoming embedded in the economy, potentially requiring further interest rate rises.<\/p>\n\n\n\n

According to the Daily Express, Bailey said the latest increase should not be interpreted as the beginning of an unavoidable series of rises. He also cautioned that further increases remained possible unless the conflict was resolved.<\/p>\n\n\n\n

The wider economic pressures are also affecting Britain’s housing market. Lloyds reported that average UK house prices fell by 1.2%<\/strong> annually in October, their largest yearly decline since October 2023. The average property price reached \u00a3296,285, representing a monthly fall of \u00a31,882, or 0.6%, compared with September.<\/p>\n\n\n\n

Andrew Asaam<\/strong>, mortgages director at Lloyds, attributed weaker housing demand partly to renewed inflationary pressures, rising energy costs and the continued strain on household finances.<\/p>\n\n\n\n

He said conditions were likely to remain subdued in the near term, although Lloyds did not expect a sustained period of falling property prices. The bank pointed to wages rising faster than house prices as a factor that could gradually improve affordability.<\/p>\n","protected":false},"excerpt":{"rendered":"

Lloyds has introduced a 4.01% fixed interest rate for business customers depositing surplus funds into a new 13-month savings account. The offer is available until 17 December 2026, with deposits held until 13 January 2028.<\/p>\n","protected":false},"author":10,"featured_media":128412,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[44],"tags":[],"class_list":["post-128409","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33","no-featured-image-padding"],"_links":{"self":[{"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/posts\/128409","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/comments?post=128409"}],"version-history":[{"count":2,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/posts\/128409\/revisions"}],"predecessor-version":[{"id":128413,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/posts\/128409\/revisions\/128413"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/media\/128412"}],"wp:attachment":[{"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/media?parent=128409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/categories?post=128409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/tags?post=128409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}