About ISAs

ISAs (Individual Savings Accounts) are tax efficient accounts to save or invest into.

Each tax year you get an ISA allowance, which sets the limit on how much money you can pay into ISAs. This tax year, you can pay in up to £20,000. The £20,000 can be spread across all your ISAs.

There are four types of ISA: cash ISAs, stocks and shares ISAs, Lifetime ISAs and innovative finance ISAs. You can add money into one of each type of ISA every tax year. For example, this tax year you could add some of your ISA allowance to a cash ISA and a stocks and shares ISA, but you cannot pay into two different cash ISAs unless you do an ISA transfer.

Next steps

Cash ISA

  • Open with as little as £1.
  • Choice of easy access or fixed term accounts.
  • Withdraw and replace funds from some of our cash ISAs without affecting your yearly ISA allowance.
  • Keep in mind; you can only save into one cash ISA in a tax year. This includes Help to Buy: ISAs and cash ISAs held outside Lloyds.
Compare our cash ISAs

Investment ISA

  • Investments 100% managed for you.
  • Invest a lump sum (£2,000+), monthly amounts (£100+), or both.
  • 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. 

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).

Save the Change® is a registered trademark of Lloyds Bank plc.

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.

Gross rate means we will not deduct tax from the interest we pay on money in your account. It’s your responsibility to pay any tax you may owe to HM Revenue and Customs (HMRC).

The tax-free rate is the contractual rate of interest payable where interest is exempt from income tax.