If you wish to have low risk savings options with high interest rates in a choice of currencies, we offer:
No-frills Deposits
as our offer is a quick and simple fixed term deposit service, with automatic rollovers and interest reinvested and paid on withdrawal. There is also no need for an associated current or checking account.
High Interest Rates
as our service is targeted at those whose objective is savings. With our no-frills philosophy, we are positioning ourselves to be able to offer consistently attractive rates. Click here to view interest rates.
No tax deducted at source
as the deposits are held in Hong Kong, Singapore or Labuan, Malaysia where tax is not deducted at source and interest is paid gross. You are thus able to retain the high interest rates earned on your deposits.1
Low Risk
as your deposits will be placed with a leading UK banking group with high deposit credit ratings (Moody's AAA, S&P AA).
Currency Switching
as we offer this service between the major international currencies - USD, EUR, GBP, AUD, NZD, CAD, HKD, JPY & CHF2.
Minimum Deposit
Please note that Lloyds TSB Asia requires that the minimum holding in your deposit accounts be USD75,000 or currency equivalent.
Important Notice:
1. Your money will be deposited with Lloyds TSB Bank plc at one of our branches in Hong Kong, Singapore or Labuan, Malaysia, according to your preference. Interest on deposits in Hong Kong, Singapore and Labuan, Malaysia is paid without deduction of tax and the three branches do not have to report any interest earnings to tax authorities outside their respective jurisdiction. However, depositors may be liable for tax in the country of their residence, nationality or domicile. It is the depositors' responsibility to check the tax treatment of their deposit in their jurisdiction and to report and pay any tax due. If in doubt, please consult your tax advisor. Lloyds TSB reserves the right to make a withholding or deduct other tax when required to do so by law.
2. It should be noted that adverse exchange rate movements could erase interest earnings and reduce principal when measured in terms of your natural base currency.
These products and services are not targeted at, and are not available to, residents of jurisdictions where it is unlawful for Lloyds TSB to offer them.
If you are a resident of any European Union member country, please click here for important information.
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