Website: http://www.lloydstsb.com

Authority: Lloyds TSB Bank plc is a major UK retail bank with a large ATM network and branch network in England. It has origins from 1765 and is part of the Lloyds Banking Group.

How to open a Lloyds TSB Fixed Rate Bond or Term Deposit:

- You can call by telephone on 0845 730 1400 to open an account.  (Call Hours as of 2011 are Monday to Friday 7am to 10pm and 8am to 6pm.)

- You can open a term deposit account at a local Lloyds TSB branch. You can find your nearest local branch on their bank website.

What are the requirements to open a Lloyds Fixed Rate Bond (Term Deposit):

- You will require a proof of identity,  a lump sum of �2,000 or more and a Lloyds TSB current account to open an Term Deposit..

Information to consider when opening an Lloyds TSB 2 Year Fixed Rate Bond or Term Deposit:

Similar to other United Kingdom banks, Lloyds TSB is influenced by a few factors when determining their 1 year fixed term rates for retail customers deposit accounts. 2 year is considered a short term investment (1 year or less) and therefore Lloyds TSB would factor in monetary policy in the medium term by the Bank of England for 24 month/2 year rates.  In addition a banks business model may also have another influencing factor since a banks liquidity position is supported by its customer deposit base. If required, a bank may provide a higher rates to incentivize increasing customer deposits as it can reduce the proportion funding that is derived from wholesale markets which may be at a higher cost of funding.

The current interest rate below is applicable to Lloyds TSB 2 year Term Deposit product which has Interest paid monthly or yearly.  Deposit balance is from 2000 pounds or more