Lloyds offers 3% rate to new savers

Updated
Lloyds Bank
Lloyds Bank

Newly relaunched Lloyds Bank has ramped up competition to attract current account customers by improving the rate on a savings product to help it win over new business.

The provider has increased the annual interest rate on its monthly saver account from 2% to 3% to new customers, who must hold a current account with Lloyds Bank in order to get the deal.

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