If you fulfil the above criteria, you'll be able to apply to become a client, which brings with it a range of services that are personalised around your financial situation. At least £250,000 in savings, investments or pension.At least a £250,000 income/salary per year.If you're thinking of becoming a client of Private Banking by Lloyds Bank, you'll need to have the following in place before you'll be considered: Lloyds Private Bank is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority.Īuthorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation AuthorityĪs part of one of Britain's biggest highstreet banks, Lloyds Bank Private Banking is a service designed for those who require a more personalised level of service from the bank. Part of Lloyds existing wealth management division will be incorporated into this new service, which will give customers with more specific goals access to specialist wealth services offered by Casenove Capital. Lloyds Private Bank recently announced a new partnership with Schroders Plc that will create a new market-leading wealth management service. Current account customers get debit card and overdraft facilities, plus exclusive access to other Lloyds offers and a yearly Lifestyle Benefit (cinema tickets, magazine subscription or dining membership). Reserve accounts are available for businesses, trusts, executors and charities the same income or minimum investment is required.Ĭurrent accounts are also managed by the customer’s personal relationship manager for everyday banking, customers can use the Private Banking Service Centre. Individual savings accounts are offered to customers with at least £2million in savings or a sole annual income of £500,000 or more. Lloyds Private Bank has a range of savings and deposit products, from instant access to fixed-term accounts. To be eligible for Lloyds personal financial advisory services or private banking, customers must have a sole yearly income of £250,000 or at least £250,000 in savings or investments held with Lloyds.Ĭustomers of Lloyds Private Bank are assigned a personal relationship manager, who handles every element of their finances and works with the bank’s specialist teams to help customers reach their individual goals. Lloyds Private Bank Products and Services It works with high net worth individuals and businesses. Lloyds Private Bank is the private banking and wealth management division of Lloyds Bank, one of the UK ‘Big Four’ clearing banks.
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