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Want to save but also have instant access to your money? With this flexible cash ISA, you can do just that.
1.15% tax free/AER on balances from £1 - £24,999.
1.25% tax free/AER on balances from £25,000 - £99,999.
1.60% tax free/AER on balances of £100,000 or more.
An extra 0.30% AER/tax free will be added if you already have a Club Lloyds or Private Banking personal current account.
The interest rate is variable. Interest is paid twice per year. The rate applies to the full balance.
Yes. As this account pays a variable rate of interest it can change over time. We’ll always let you know of any planned changes to the rate. Our terms and conditions (PDF, 59KB) explain when and how we do this. For example we might review the interest rate if the Bank of England base rate changes.
For example, if you deposit £1000.00 when you open the account, the balance after 12 months will be £1011.50.
If you deposit £25000.00 when you open the account, the balance after 12 months will be £25312.50.
If you deposit £100000.00 when you open the account, the balance after 12 months will be £101600.00.
This assumes:
This account can be opened and managed:
You can open this account if you:
If you have already saved in a cash ISA this tax year with us, you’ll need to complete an ISA transfer.
You need to open this account with £1 or more. You can pay up to £20,000 into a combination of permitted ISAs this tax year. Read more about ISA limits.
The account can only be opened in your sole name because cash ISAs cannot be joint accounts.
You can withdraw money from this account and there are no charges for doing so.
This is a flexible ISA which means you can withdraw money and put it back in without counting towards your annual ISA limit.
Any money you move into an account that isn't an ISA will lose its tax-free status. Tax treatment depends on your individual circumstances and may change in the future.
If you change your mind, you can cancel the account free of charge within 14 days of opening.
After 12 months, your account will change to an Instant Cash ISA. Before this happens, we’ll contact you to explain your options and next steps.
Tax free means you will not pay income tax on your interest.
AER stands for Annual Equivalent Rate. Whenever you see an advert for a savings account which shows an interest rate, you will see the AER. This means you can use the AER to compare accounts. It shows what the interest rate would be if your interest was paid and compounded once each year.
For more definitions, view our glossary.
You can open this account if you:
ISA rules allow you to pay into more than one cash ISA in each tax year, but we only let you pay into one cash ISA with us.
Please read the summary box and the terms and conditions (PDF, 59KB) before you start.
If you’d prefer to speak to someone, give us a call or visit your nearest branch.