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If you have an adult cash ISA with us, it will change into this account at the end of its term if you don't give us other instructions.
1.15% AER/tax free on balances from £1 - £24,999.
1.25% AER/tax free on balances from £25,000 - £99,999.
1.60% AER/tax free on balances of £100,000 or more.
The interest rate is variable. The rate applies to the full balance. Your interest frequency will stay the same.
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, 69KB) 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 £1,000.00 when you open the account, the balance after 12 months will be £1011.50.
If you deposit £25,000.00 when you open the account, the balance after 12 months will be £25312.50.
If you deposit £100,000.00 when you open the account, the balance after 12 months will be £101600.00.
This assumes:
If you have a 1 Year Fixed Rate Cash ISA, 2 Year Fixed Rate Cash ISA, Club Lloyds Advantage ISA Saver or a Cash ISA Saver, it will change into this account at the end of its term if you don't give us other instructions. We will contact you before this happens to let you know your options. This account is not available to any other customers.
Your sort code and account number will stay the same.
This account can be managed:
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. You can open a Cash ISA with us by completing an ISA transfer from another provider. If your cash ISA changes to an Instant Cash ISA, it counts as the same cash ISA because the sort code and account number will stay the same.
You can pay up to £20,000 into a combination of permitted ISAs this tax year. Read more about ISA limits.
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.
You can close your account at any time.
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.
This account is only for customers that have a 1 Year Fixed Rate Cash ISA, 2 Year Fixed Rate Cash ISA, Club Lloyds Advantage ISA Saver or a Cash ISA Saver that is coming to the end of its term.
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.