1 Year Fixed Rate Cash ISA

With this cash ISA, you can enjoy the peace of mind of a fixed interest rate for 1 year.

Open account

Read the summary box and the terms and conditions (PDF, 47KB) before you start.

Features and benefits

Earn 3.25% AER

Earn 3.25% AER/tax-free fixed interest for 1 year. Get up to an extra 0.45% AER/tax-free. Extra interest depends on what other accounts you hold with us. See summary box for details

Fixed interest

A fixed interest rate, so it won't change during the term.

Monthly or annual interest

You can select to have your interest paid monthly or annually.

Cash ISA transfer offer

 
Lloyds branded alarm clock

Earn up to £1,200

Earn £150 for every £25,000 you transfer into a new or existing adult cash ISA with us by 31 May 2026. Transfer £200,000 or more and you’ll pocket £1,200 cashback.

ISA transfer offer

Offer terms

Let's break it down

Who it's for

You can apply if you:
 
  • are 18 or over
  • a UK resident for tax purposes
  • have £500 or more to save and a National Insurance number.

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 1 cash ISA in each tax year, but we only let you pay into 1 cash ISA with us.

How it works

  • Open with £500 or more. Then save what you like within the first 30 days as long as it's within the ISA allowance. This is £20,000 this tax year across all your ISAs. Read more about ISA limits.
  • You can’t withdraw, but you can close the account early. It's important to note that if you close your account or transfer money to another ISA you’ll lose 90 days’ tax- free interest, so you might get back less than you originally deposited. 
  • After 1 year your account will change to an Instant Cash ISA.

Summary box for the 1 Year Fixed Rate Cash ISA

  • 3.25% AER/tax-free fixed interest on balances of £1 or more for 1 year from account opening when interest is paid annually.

    Get an extra 0.20% AER/tax‑free if you have a Lloyds Premier current account (open for at least 8 days), or an extra 0.45% AER/tax‑free if you have a Fixed Rate Cash ISA maturing within 90 days. If you qualify for both, the higher rate applies.

    3.25% AER/3.20% tax-free fixed interest on balances of £1 or more for 1 year when interest is paid monthly.

    Get an extra 0.20% AER/0.19% tax‑free if you have a Lloyds Premier current account (open for at least 8 days), or an extra 0.45% AER/0.44% tax‑free if you have a Fixed Rate Cash ISA maturing within 90 days. If you qualify for both, the higher rate applies.

    You can choose to have your interest paid annually or monthly.

  • No. This account has a fixed rate of interest so the rate won't change during the term.

  • For example, if you deposit £1,000.00 when you open the account, after 12 months you'll have a balance of £1,032.50 after interest is paid.

    This assumes:

    • interest is paid every 12 months after you open the account
    • you make your deposit on the day you open the account and you don't add more money after that
    • you don’t withdraw any money or interest.

  • You can open and manage this account:

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

    Things to keep in mind:

    • You must be aged 18 or over, a UK resident for tax purposes and have a National Insurance number.
    • You need to deposit £500 or more within 30 days of opening the account. After the 30 days are up, you won’t be able to make any more deposits.
    • You must not have already saved in a cash ISA this tax year with us, unless you're going to complete an ISA transfer. This includes Help to Buy: ISAs and cash ISAs with other banks.
    • You need to open the account in your sole name. Cash ISAs can't be joint.
    • You can pay up to £20,000 into a combination of permitted ISAs this tax year. Read more about ISA limits.

  • You can’t withdraw money, but you can close the account early. It's important to note that if you close your account or transfer money to another ISA you’ll lose 90 days’ tax-free interest, so you might get back less than you originally deposited. 

    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 1 year, 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

    This means you won't pay income tax on your interest.

    AER

    AER stands for Annual Equivalent Rate. Whenever you see an advert for a savings account that shows an interest rate, you'll 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 1 Year Fixed Rate Cash ISA

Read the summary box and the terms and conditions (PDF, 47KB) before you start.

 

It's simple in the app

Scan the QR code to get it.

You must be registered for online banking to apply in the app.

Once you’re in, select Apply, Savings then 1 Year Fixed Rate Cash ISA.

Apply online

Whether you're an existing customer or not, you can apply on our website.

Open account

It's simple in the app

You must be registered for online banking to apply in the app.

Once you’re in, select Apply, Savings, then 1 Year Fixed Rate Cash ISA.

Get the app

Apply online

Whether you're an existing customer or not, you can apply on our website.

Open account


ISA rules allow you to pay into more than 1 cash ISA in each tax year, but we only let you pay into 1 cash ISA with us.

 

Get up to £1,200 cashback for saving

Switch to any Lloyds current account from 01 Jan 2026 to 30 Apr 2026 using the Current Account Switch Service to unlock the cashback offer on savings.

Open an eligible savings account between 24 Feb and 31 May 2026. Deposit at least £5,000 by 31 May 2026 and keep your savings in the account beyond 31 Aug 2026.

You’ll receive up to £1,200 cashback by 30 Sep 2026 into your Lloyds current account.

Switch and save cashback offer

 

Get up to £1,200 cashback for saving

Switch to any Lloyds current account from 01 Jan 2026 to 30 Apr 2026 using the Current Account Switch Service to unlock the cashback offer on savings.

Open an eligible savings account between 24 Feb and 31 May 2026. Deposit at least £5,000 by 31 May 2026 and keep your savings in the account beyond 31 Aug 2026.

You’ll receive up to £1,200 cashback by 30 Sep 2026 into your Lloyds current account.

Switch and save cashback offer

Protecting your money

Protecting your money

The Financial Services Compensation Scheme (FSCS) protects up to £120,000 of the eligible money you hold with us.

More about the FSCS

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