Club Lloyds Advantage ISA Saver

Our cash ISA for Club Lloyds customers which pays more interest if you make fewer withdrawals.

Please read the summary box before applying

Who this account is for

  • It's only available to Club Lloyds current account holders.
  • You must be 18 or over. You must also be a UK resident for tax purposes and have a national insurance number.
  • Ideal if you want instant access to your savings.

 

If you’ve already saved into a cash ISA this tax year with us, you’ll need to complete an ISA transfer. 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.

The benefits

  • Earn 3.70% AER/3.64% tax free variable interest if you make 3 or less withdrawals in the 12 months after opening. How this worksIf you make three or less withdrawals, you’ll get paid the higher rate of interest. Your interest will be paid monthly, on the same date you opened the account.
  • Earn 1.05% AER/1.04% tax free variable interest if you make 4 or more withdrawals in the 12 month term. How this worksIf you make four or more withdrawals, you’ll get a lower interest rate from the month you make the 4th withdrawal until the end of the account year. Interest is paid monthly, on the same date you opened the account.
  • This is a flexible ISA so if you make a withdrawal you can pay that money back into this account before the end of the tax year. This will not affect the amount you can save in your cash ISA tax free.

How it works

  • Open with £1 or more, then save as you like up to the ISA limit. Pay up to £20,000 into a combination of permitted ISAs this tax year. Read more about ISA limits.
  • You can transfer money out of the account online but only to another Lloyds Bank account in your name. You can withdraw your money in branch.
  • After 12 months, your account will change to an Instant Cash ISA.

Summary box for the Club Lloyds Advantage ISA Saver

  • 3.70% AER/ 3.64% tax free variable monthly on balances from £1 if 3 or less withdrawals are made in the 12 months after opening

    1.05% AER/1.04% tax free variable monthly on balances from £1 if 4 or more withdrawals are made in the 12 months after opening.  This lower interest rate will apply from the month you make the 4th withdrawal until the end of the account year.

    Interest is paid monthly, on the same date you open your account.

     

  • 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, 56KB) explain when and how we do this. For example we might review the interest rate if it costs us more to run this account for you.

     

  • For example if you put in £1,000 when you open the account, and make no withdrawals the balance after 12 months  will be £1037.01.

    If you put in £1,000 when you open the account, and withdraw £10 on the first day of the month, for the first 4 months of the term the balance after 12 months will be £976.44.

    This assumes:

    • the interest rate stays the same for 12 months
    • you put money in the day you open the account and don’t add more money after that.

     

  • This account can be opened and managed:

    • in branch
    • by phone
    • online
    • on our app

    You can open this account if you must be 18 or over, resident in the UK for tax purposes, have a National insurance number and be a Club Lloyds customer.

    To be a Club Lloyds customer, you must have one of the following current accounts:

    • Club Lloyds Account
    • Club Lloyds Silver Account
    • Club Lloyds Gold Account
    • Club Lloyds Platinum Account
    • Club Lloyds Premier Account
    • Club Lloyds Private Banking Current Account
    • Club Lloyds Private Banking Premier Current Account
    • Club Lloyds Mayfair Current Account
    • Club Lloyds Mayfair High Interest Cheque Account

    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. ISAs have an annual limit this tax year of £20,000 for new money, and you can’t pay more than this limit into any combination of permitted ISAs within the same tax year. 

    The account can only be opened in your sole name because cash ISAs cannot be joint accounts.

     

  • Yes, you can make withdrawals from this account and there are no charges for doing so. 

    You will get a higher rate of interest if you make 3 or less withdrawals in the twelve months from opening.  If you make 4 or more withdrawals you’ll get a lower interest rate from the month you make the 4th withdrawal until the end of the account year.

    If making an online transfer, it can only be made to an existing Lloyds Bank account.  

    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.

     

  • Savings terms explained

    Tax free variable is the rate of interest payable to you where your interest is exempt from income tax.

    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.


Open a Club Lloyds Advantage ISA Saver

You can open this account if you:

  • are aged 18 or over
  • are a UK resident for tax purposes
  • have a national insurance number
  • are a Club Lloyds customer

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, 56KB)  before you start.
 

Open a Club Lloyds Advantage ISA Saver online in about five minutes

Open now Open now

Club Lloyds Advantage ISA Saver not right for you?

Fixed Rate Cash ISA

Choose a term that suits you and fix your interest rate.

  • 3.95% AER/tax free fixed interest for a 1 year term.
  • 3.65% AER/tax free fixed interest for a 2 year term.
  • An extra 0.05% AER/tax free for the one year term or 0.10% AER/tax free for the two year term will be added if you already have a Lloyds Bank personal current account that has been opened for a minimum of 40 days.
  • Minimum opening balance of £3,000.
  • After your fixed term, your account will change to an Instant Cash ISA.

Withdrawal charges apply.

 

1 Year Fixed Rate Cash ISA

2 Year Fixed Rate Cash ISA

 

Cash ISA Saver

Tax free savings with instant access and unlimited withdrawals.

  • 1.15% AER/tax free interest on balances of £1 - £24,999.
  • 1.25% AER/tax free interest on balances of £25,000 - £99,999.
  • 1.60% AER/tax free interest 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.
  • Interest is paid twice a year.
  • Open from just £1.
  • After 12 months, your account will change to an Instant Cash ISA.

 

Cash ISA Saver Cash ISA Saver

Junior Cash ISA

Variable ISA Saver for people aged 16-17.

  • 2.85% AER/tax free interest.
  • Interest is paid after each year.
  • Money cannot be withdrawn until the child's 18th birthday.
Junior Cash ISA Junior Cash ISA

Have you thought about investing?

Our investment options could provide a higher return than saving. Choose from our investment accounts.

More about investing More about investing

More about ISAs

Make the most of your tax-free savings with our ISA guides.

ISAs explained

Transfer your ISA to us

Top up your ISA

Top savings tips

 

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.

FSCS logo. 

Visit our FSCS page