Overview

• Lloyds Bank will pay a £185 cash incentive to customers who switch their current account to Club Lloyds or Lloyds Premier using the Current Account Switch Service from July 1.
• Eligible switchers must transfer at least three active direct debits and will receive the £185 payment within ten working days of the switch completing.
• Qualifying accounts include the £5-per-month Club Lloyds, £11.50-per-month Club Lloyds Silver, £22.50-per-month Club Lloyds Platinum and £15-per-month Lloyds Premier packages.
• New customers can also open a Club Lloyds Monthly Saver offering a 6.25% interest rate on deposits up to £400 per month, equating to up to £150 in interest over 12 months.
• The launch follows a rise in business confidence to 51% in June and stronger hiring intentions reported in the latest Lloyds Business Barometer.