Dubai, 16th October 2011: Lloyds TSB in the Middle East has enhanced its versatile Bonus Saver Account. The Bonus Saver 3 account is the latest addition to the Bank's expanding range of savings accounts, offering one of the most attractive rates of return currently available in the UAE with all the flexibility and convenience of a multi currency facility.

The Bonus Saver 3 account allows customers to save in four currencies; Sterling, US Dollar, Euro and UAE Dirham. It pays a bonus of 0.75% for the first 6 months from account opening on top of the attractive basic savings rates that are tiered depending on the amount deposited and increases savings capacity each month as the more you save the more you earn with the higher rates of tiered interest.

Commenting on the announcement, Richard Musty, Managing Director of Lloyds TSB in the Middle East said,

"At Lloyds TSB in the Middle East we are committed to understanding our customers' financial situation and banking requirements through maintaining an open and ongoing dialogue with them. This allows us to deliver quality products that address their specific needs, underpinned by service excellence".

He added, 

"A market as international as Dubai requires a banking service that reflects its diverse population. Our research has shown that the Sterling, US Dollar, Euro and UAE Dirham are amongst the most popular choices for expat savings and so, with this in mind, we have developed a competitive savings product that allows customers to save in a choice of currencies within the same account".

The Bonus Saver 3 Account is currently available to both new and existing customers . For more information, please visit www.lloydstsb.ae.

Lloyds TSB Middle East is a branch of Lloyds TSB Bank plc, which is a member of Lloyds Banking Group. This makes us part of one of the largest and most successful banking groups in the world. Lloyds TSB has been a leading bank in Dubai for over 30 years and was awarded its banking licence by the UAE Central Bank in 1977. For more information, please visit www.lloydstsb.ae

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About Lloyds TSB Middle East
The main branch of Lloyds TSB Middle East is in Jumeirah, housed in a custom built landmark building, located on Al Wasl Road opposite Safa Park. The bank also has a Customer Service Centers located at the Arabian Ranches community centre. Lloyds TSB Middle East employs over circa 300 people providing a full range of financial services including: Personal Banking, Commercial Banking, Corporate Banking, Offshore Banking, Private Banking, Treasury Services and Trade Finance Services. In addition to market leading car and home loans, credit cards, personal and commercial loans, current and savings accounts, and fixed term deposits, Lloyds TSB Middle East also offers easy accessibility to telephone banking and secure internet banking 24 hours a day, 7 days a week.

For further information please contact:
Maie Ahmed
Financial Dynamics
Telephone: 04 332 8832
Email: maie.ahmed@fd.com

Sara O'Hara
Lloyds TSB Middle East
Telephone: 04 3023094
Mobile: 056 6031696
Email: sara.ohara@lloydstsb.ae  

Press Release 2011