Lloyds Banking Group
Lloyds Private Banking. Everything below is from the bank's own pages, its regulators or the league table publishers, numbered to the Sources page.
The facts
- Lloyds Banking Group states on its Lloyds Private Banking pages that its Private Banking service is designed for customers with £250,000 or more in savings and/or investments with Lloyds, not including personal pensions or property (page read 1 November 2026).19
- Lloyds Banking Group states that the Club Lloyds Private Banking Current Account has a £5 monthly account fee that is waived while the customer remains a Private Banking client (page read 1 November 2026).300
- Lloyds Banking Group states that the gross value of an estate must be over £80,000 to use its Estate Administration Service (page read 1 November 2026).301
- Lloyds Banking Group states that its Specialist Lending service is for anyone with a sole income of at least £100,000 (page read 1 November 2026).302
- Lloyds Banking Group states that its Specialist Lending service is for anyone with £250,000 or more in savings and/or investments, not including personal pensions or property (page read 1 November 2026).303
- The FCA, in a Final Notice dated 8 July 2021, imposed a financial penalty of £90,688,400 on Lloyds Banking Group entities Lloyds Bank General Insurance Limited, St Andrew’s Insurance Plc, Lloyds Bank Insurance Services Limited and Halifax General Insurance Ser…21
- The FCA's firm-level complaints data for 2026 H1 gives a 'Context (Provision)' figure of 3.16 for Lloyds Banking Group (Lloyds Bank PLC, group LLOYDS BANKING GROUP PLC) in the Banking and credit cards product group between 1 January 2026 and 30 June 2026, which the FCA describes as complaints opened per 1,000 policies, balances, accounts or agreements in force; this is an entity-wide figure that the FCA does not separate for private banking.20
What it publishes
| Desk | Item | Published | As read |
|---|---|---|---|
| private banking | fee schedule | Yes | Relationship Fee £300 p.a. Or £25 per month |
| private banking | minimum investable assets | Yes | Our Private Banking service is designed for customers with £250,000 or more in savings and/or investments or a mortgage of £750,000 or more with Lloyds, not inc |
| private banking | eligibility criteria | Yes | Our Mayfair service is for clients with £2 million or more in savings and/or investments or an annual income of £500,000 or more. |
| private banking | indicative fee range | Yes | Up to £1m Fee 0.65% Amount Invested £1-2m Fee 0.40% Amount Invested £2-5m Fee 0.35% Amount Invested £5m+ Fee 0.15% |
| private banking | retainer terms | Yes | On going financial advice Receive regular guidance from an experienced financial adviser. [...] Please note: Fees paid monthly in arrears and deducted from your |
The Secret Banker's view
Lloyds answers every question in my census, which in this industry is close to showing off. Private Banking starts at £250,000 in savings and investments with Lloyds, or a £750,000 mortgage, and Mayfair at £2 million, or an income of £500,000. The Mayfair relationship fee is £300 a year or £25 a month, a choice I find oddly touching. The FCA fined Lloyds Banking Group insurance entities £90,688,400 together in July 2021 over 'the way it communicated with home insurance customers at renewal'. Dealogic ranked Lloyds fifth in sterling debt capital markets volume for the first quarter of 2026.
Opinion, based on the facts above. Corrections through the contact page; a credible one gets a sourced fix within a week.
No firm named here has been consulted, and none should feel left out.