Lloyds Student Account 2026 Review

Mika L.
Written by Mika L.
Financial Content Writer

Lloyds Student Account4.6/5

Lloyds Bank

Annual Equivalent Rate (AER)
2.00% AER
Monthly Fee
£0
Welcome Bonus
£100 cash and up to £90 in Deliveroo vouchers
Apply Now →on Lloyds Bank's website
Minimum Deposit:£500

Annual Equivalent Rate (AER):

2.00% AER

Welcome Bonus: £100 cash and up to £90 in Deliveroo vouchers

To qualify for the cash, you must pay in at least £500 between 1st August and 31st October 2025.

Monthly Fee:

£0

Minimum Deposit:

£500

The standout feature of the Lloyds Student Account is its attractive welcome offer, which includes £100 cash and Deliveroo vouchers, making it an enticing choice for students looking to save on everyday expenses. Additionally, the account's competitive interest rate on balances up to £5,000 and lack of monthly fees further solidify its position as a strong contender in the student banking market.

Pros:

  • Cashback at popular retailers
  • No monthly fees

Cons:

  • Interest only on balances up to £5,000
  • Limited to students
learn more about this bank account on Lloyds Bank's website →

Overall, the Lloyds Student Account is an excellent option for students seeking a cost-effective banking solution with added perks, making it particularly suitable for those who want to maximize their savings while enjoying rewards on their everyday spending. With its appealing welcome bonus and competitive interest rate, this account effectively supports students in managing their finances during their studies.

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