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With this cash ISA, you can enjoy the peace of mind of a fixed interest rate for two years.
4.50% AER/tax free fixed interest on balances of £1 or more for two years from account opening when interest is paid annually. An extra 0.10% AER/tax free will be added if you already have a Lloyds Bank personal current account that has been opened for a minimum of 40 days.
4.50% AER/4.41% tax free fixed interest on balances of £1 or more for two years when interest is paid monthly. An extra 0.10% AER/0.10% tax free will be added if you already have a Lloyds Bank personal current account that has been opened for a minimum of 40 days.
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 £3000.00 when you open the account, after 24 months you will have a balance of £3276.07 after interest is paid.
This account can be opened and managed:
Bear in mind:
You can withdraw money from this account but you will be charged. You’ll be charged the equivalent of 180 days’ tax-free interest to make withdrawals, close your account early or transfer money to another ISA. This means you may get back less than you put in.
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 two years, your account will change to an Instant Cash ISA. Before this happens, we’ll contact you to explain your options and next steps.
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.