Lloyds Bank owned MBNA has stepped foot in the savings space for the first time today (16 February) with the launch of a one-year fixed-term account.
MBNA, traditionally known for its credit card offering was acquired by Lloyds in 2016, and will offer savings for the first time, offering a competitive 5% AER on its one-year fixed saver.
Darren Tong, savings director at MBNA, said this is the first time MBNA has launched a savings product.
