Lloyds
Sutton Council is reviewing its use of Lloyds bank accounts for cemetery cash reserves to maximise interest earnings.
Sutton Council's Bandon Hill Cemetery Joint Committee discussed moving cemetery cash reserves from a Lloyds bank account earning 2% interest to a Lloyd's Government Call account offering 3.77% in November 2025. This aims to increase the income generated from the cemetery's funds.
A report to the committee highlighted that the cemetery held £763,940 in general reserves as of March 2025. The revised treasury strategy seeks to maximise returns on these reserves, which are managed by Sutton Council.
Key facts
- The Bandon Hill Cemetery Joint Committee discussed moving funds on 10 November 2025. Source
- Sutton Council has access to a Lloyd's Government Call account offering 3.77% interest. Source
- The cemetery's cash was earning 2% interest in a Lloyds bank account. Source
- Bandon Hill Cemetery held £763,940 in general reserves as of March 31, 2025. Source
About this summary
This summary was written automatically from our published stories and the council meeting records they draw on. It describes what councils have discussed and decided; it does not take a view on any decision. Each key fact links to the story it comes from. Updated 30 September 2026. Spotted a mistake? Email community@opencouncil.network.