Lloyds TSB International improves rates

While it leaves one year rates unchanged at 3.1%, Lloyds TSB International has raised two year fixed term deposits to an annual equivalent rate (AER) of 3.55% up from 3.22%, three year rates have risen to 4% up from 3.3% and five year deposit rates are up half a percentage point to 4.5%. The market currently expects that the Bank of England won’t lift the base rate from its current record low until mid-2014. Nicholas Boys Smith, Lloyds TSB International said “Demand for short and medium term deposits has increased markedly over the past three months. Much of this is due to our improve...