ISAs

Make the most of this year’s ISA allowance with a Cash ISA, or a Stocks and Shares ISA. Explore options from Lloyds Bank and compare interest rates to find an ISA that suits you.

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.

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?

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.