ISA basics

Individual Savings Accounts, ISAs for short, give you the opportunity to earn interest tax efficiently on your savings. You get an ISA allowance each tax year, a capped amount which you can put into one account or spread across several ISAs if you’d prefer.

For the current tax year, the allowance is:

  • Up to £20,000 in personal ISAs.
  • Up to £9,000 on behalf of a child.

Learn more about ISAs


Explore your ISA options

If you're interested in opening an ISA with Lloyds Bank, you can compare the different types of ISAs we offer below.

Cash ISA

  • Open your ISA with as little as £1.
  • Select an instant access or fixed term account.
  • Some cash ISAs allow you to withdraw and top up funds without affecting your ISA allowance.
Compare our cash ISAs

Investment ISA

  • Investments 100% managed for you.
  • Start from £50 a month or £500 as a lump sum.
  • No fixed term, but designed to be held for at least 5 years.
Investment ISA

Share Dealing ISA

  • Choose to invest in a wide range of ISA-qualifying stocks and shares.
  • You decide what you want to invest in.
  • Pay no Capital Gains Tax on any potential profit.
Share Dealing ISA

Junior Cash ISA

A junior cash ISA is a tax-free way for children to save. You can open an account with as little as £1.

Junior Cash ISA

Help to Buy: ISA

You can no longer apply for a Help to Buy: ISA. If you already have one with another provider, you could transfer it to us.

Help to Buy: ISA

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 4 main types of ISA: 

Cash ISAs – you can choose an instant access cash ISA, or tie your money in for longer to earn a higher rate of interest with a fixed ISA. This is the most predictable form of ISA, guaranteeing a return on your money.

Stocks and Shares ISAs – these enable 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 aged 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 currently offer Lifetime or Innovative Finance ISAs.

Why save with Lloyds Bank?

Plan your savings

Plan your savings

Using one of our savings calculators, work out a monthly savings amount, and how long it will take to reach your goal.

Options to suit you

Options to suit you

Whether you need easy access to your money, or you’re willing to fix for a longer term to earn more interest.

Start saving straight away

Start saving straight away

Open an account online instantly and start saving with as little as £1 on selected accounts.

Important legal information

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.