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Lloyds Banking Group

The UK's largest retail bank

The Lloyds Banking Group was formed in January 2009 following the merger of Lloyds TSB and HBOS.

Birmingham Midshires (BM Savings) is a division of Bank of Scotland plc.

Your questions about the Lloyds Banking Group

How will this change affect me?

The Lloyds Banking Group is well capitalised and financially strong. This strength places us in an even better position to meet the challenges of the current financial climate and any future challenges we may face.

Our aim is to be the leading financial services organisation in the UK. We'll use our strength and size to provide excellent customer service and create great value products for our customers.

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Are my savings protected?

Yes, your savings remain protected exactly as they were before. Birmingham Midshires and Lloyds Bank savings will continue to be covered separately by the Financial Services Compensation Scheme.

Both organisations will continue to be covered by different banking licences. If there are any changes to our banking licences in future, we'll let you know.

Any regulated investments you hold with either company will also be protected exactly as before under the scheme.

Financial Services Compensation Scheme >.

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Where can I find more information?

For more information on Lloyds Banking Group, visit the group website. Lloyds Banking Group website

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FSCS – protecting your money. Find out more here.

Gross rate means that we will not deduct tax automatically from your interest. You are responsible for paying any tax due to HM Revenue and Customs.

AER means Annual Equivalent Rate. AER illustrates what your interest rate would be if interest was paid and compounded each year and allows you to easily compare different offers.

Tax free is the contractual rate of interest payable where interest is exempt from income tax.

For telephone line opening times, please read the information in our contact section. Calls may be monitored and recorded for security and training purposes. If you're calling from outside the UK, please dial +441902 428 311.

© Birmingham Midshires
This site is intended for UK residents unless otherwise stated.
Birmingham Midshires is a division of Bank of Scotland plc which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 169628. Registered office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland No. SC327000.
To contact the FCA Consumer helpline, please ring 0800 111 6768. Alternatively call the Money Advice Service on 0300 500 5000 or visit