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Compare our rates and start earning tax-free interest on your savings with a cash ISA today.
A cash ISA is a form of savings account. The main difference between a regular savings account and a cash ISA is that you can deposit money and earn tax-free interest. This can help grow your savings without having to pay tax on them.
Like other ISAs, a cash ISA counts towards your overall ISA allowance, set by the government. For the current tax year, this is £20,000.
Unsure which cash ISA is right for you? Compare our cash ISA interest rates, deposit terms and account limits in the following table. Which might suit your needs best? By applying for a fixed ISA, you could earn interest at a higher rate. Or choose an instant access ISA giving you flexibility over a shorter period.
Account |
Interest rate |
Minimum deposit |
Open |
Withdrawals |
|
---|---|---|---|---|---|
Account |
Interest rate 3.80% AER/tax-free fixed. Plus, an extra 0.10% AER/tax free if you already have a Lloyds Bank personal current account which has been open for at least 40 days. Choose to receive interest monthly, or after each year. |
Minimum deposit £3,000 |
Open For 1 year. Your account will then change to an Instant Cash ISA. |
Withdrawals Charges apply.
|
|
Account |
Interest rate 3.40% AER/tax-free fixed. Plus, an extra 0.10% AER/tax free if you already have a Lloyds Bank personal current account which has been open for at least 40 days. Choose to receive interest monthly, or after each year. |
Minimum deposit £3,000 |
Open For 2 years. Your account will then change to an Instant Cash ISA. |
Withdrawals Charges apply. |
|
Account Club Lloyds Advantage ISA Saver Only available to Club Lloyds current account holders. |
Interest rate 3.70% AER/3.64% tax-free variable if you make 3 or less withdrawals. 1.05% AER/1.04% tax-free variable if you make 4 or more withdrawals. Interest is paid monthly. |
Minimum deposit £1 |
Open For 1 year. Your account will then change to an Instant Cash ISA. |
Withdrawals Unlimited. If you make 4 or more withdrawals, you’ll get the lower interest rate from the month you make the 4th withdrawal, until the end of the account year. |
|
Account |
Interest rate 1.15% tax-free/AER on balances from £1-£24,999. 1.25% tax free/AER on balances of £25,000-£99,999. 1.60% tax free/AER on balances from £100,000 or more. An extra 0.30% tax free/AER will be added if you already have a Club Lloyds or Private Banking personal current account. Interest is variable. Interest is paid twice per year. Rate applies to the full balance. |
Minimum deposit £1 |
Open For 1 year. Your account will then change to an Instant Cash ISA. |
Withdrawals Unlimited. |
|
Account |
Interest rate 2.85% AER/tax-free variable. Interest is paid after each year. |
Minimum deposit £1 |
Open Until the child's 18th birthday. The account will then change to an adult Cash ISA Saver. |
Withdrawals None until the child's 18th birthday. |
|
Account If you have an adult cash ISA with us, it will change into this account at the end of its term. |
Interest rate 1.30% AER/tax free on balances from £1 £24,999. 1.35% AER/tax free on balances from £25,000-£99,999. 1.80% AER/tax free on balances from £100,000 or more. Interest is variable and applies to the full balance. It is paid at the same frequency as your original ISA. |
Minimum deposit £1 |
Open No end date. |
Withdrawals Unlimited. |
You can't apply direct for this account. |
Tax treatment depends on individual circumstances and may change in the future.
Interest rates could change. You can check current interest rates online at any time.
AER helps you to understand how much interest you would earn from your savings over the course of a year. The percentage figure is also useful when comparing savings accounts.
This accounts for compound interest. That's interest earned on top of any interest you've already been paid, which forms part of your total savings balance.
This is the percentage of interest you would earn from your savings before tax.
Interest on child savings account and ISAs is usually exempt from tax.
Adults may be able to earn some interest from their savings each year without paying tax, depending on your personal allowance on earnings, starting rate for savings or personal savings allowance. You also have an annual allowance for ISAs, helping you to save in a tax efficient way.
Take your pick from a range of cash ISAs at Lloyds Bank. The main types of cash ISA include:
Instant access – a simple way to make tax-free savings, with the option to access your money if you need it. Just be aware, in return for more flexibility, you might earn a bit less in interest.
Fixed rate/term – if you can afford to lock your money away for the full term, this type of ISA could reward you with a higher interest rate. Early withdrawal charges and penalties may apply.
Junior – put money aside on behalf of a child, taking advantage of further tax-free benefits from the government. Savings are locked in until the beneficiary turns 18.
Help to Buy: ISA – for those saving for a first home. While you can’t open a new one, you can transfer an existing Help to Buy: ISA to Lloyds Bank.
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. There are several other types of ISA available though, such as a Lifetime ISA and Stocks & Shares ISA but you can only pay into one of each type with us in each tax year.
We don't offer a lifetime ISA.
Whether you can withdraw money from your cash ISA will depend on the terms of your account. Some, like an Instant Access Cash ISA, let you withdraw at any time.
But withdrawals from fixed ISA accounts may incur charges or fees or void the terms of your agreement. Check your terms before you withdraw anything from a cash ISA.
Yes, like any savings account, cash ISAs with reputable banks and building societies are protected by the Financial Services Compensation Scheme (FSCS). Up to £85,000 per person, per provider.
This can depend on the type of cash ISA you have, as well as your provider. Some regular cash ISA accounts have a variable interest rate, set by the bank based on market rates.
But a fixed rate account has a higher rate of interest fixed for a set period. You can earn more on your money, but you’ll likely incur fees for withdrawing funds within that timeframe.