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ISAs
Maximise use of your ISA allowance this year with either a Cash ISA, or a Stocks and Shares ISA. Lloyds Bank offers various options, so you can compare interest rates and select the one that fits your needs. The tax year runs from 6 April one year to 5 April the following year.
ISA basics
Individual Savings Accounts, ISAs for short, give you opportunity to earn interest tax free on your savings. You get an ISA allowance each tax year, a capped amount that you can put into one account or spread across several ISAs if you’d prefer.
You can only have one of each type in any tax year. You can split your savings between them if you decide, or just go for one option that suits you.
- Up to £20,000 in personal ISAs.
- Up to £9,000 on behalf of a child.
Explore your ISA options
If you’re interested in opening an ISA with Lloyds Bank, compare our ISAs below:
The value of your investments and the income from them can go down as well as up and you may get back less than you have invested. We don't provide advice so if you're unsure about making your own investment decisions please seek advice from a qualified Financial Advisor.
Tax treatment depends on individual circumstances and may be subject to change in the future.
What types of ISA are there?
There are four main types of ISA:
Cash ISAs – You can select an Instant access cash ISA or lock your money in to benefit from a fixed rate for that term. This is the most predictable form of ISA, showing a steady return on your money.
Stocks and Shares ISAs – these allow you to invest in a range of shares, funds, investment trusts and bonds. If you don’t feel confident managing your own investments, we also offer ready-made investment options. Just be aware, the value can rise and fall, and there’s always a risk you’ll get back less than you put in.
Lifetime ISAs – if you’re 18-39, you could put £4,000 of your ISA allowance into a Lifetime ISA each year, up until your 50th birthday. The government pays an annual bonus of 25% on your contributions, capped at £1,000, which could help you buy your first home or plan for retirement.
Innovative Finance ISAs – these let you earn tax-free interest while investing in peer-to-peer lending and crowdfunding projects. The potential returns can be higher, but so are the risks. There’s always a chance you’ll get back less than you’ve invested.
You can only have one of each type in any tax year. You can split your savings between them if you choose, or just go for one option that suits you.
Lloyds Bank don’t offer Lifetime or Innovative Finance ISAs.
Financial Services Compensation Scheme
Eligible deposits held with us are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK’s deposit guarantee scheme.
Why save with Lloyds Bank?
Important legal information
Lloyds and Lloyds Bank are trading names of Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.
Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS).
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advertisement for a savings product, which quotes an interest rate, will contain an AER you will be able to compare more easily what return you can expect from your savings over time.
The tax-free rate is the contractual rate of interest payable where interest is exempt from income tax.