Cash ISA Saver

Want to save but also have instant access to your money? With this flexible cash ISA, you can do just that.

Please read the summary box before applying

Who this account is for

  • You need to be aged 16 or over and a UK resident for tax purposes with a national insurance number.
  • You must not have already saved into a cash ISA this tax year, unless you're going to complete an ISA transfer. This includes Help to Buy: ISAs and cash ISAs with other banks.
  • Ideal if you want instant access to your savings.

The benefits

  • Earn up to 1.90% AER/tax free variable interest. The rate depends on your balance. See summary box for details.
  • An extra 0.30% AER/tax free will be added if you already have a Club Lloyds or Private Banking personal current account.
  • There are no charges for withdrawing your money.

How it works

  • Open with £1 or more, then save as you like up to the ISA limit.
  • Pay up to £20,000 into a combination of permitted ISAs this tax year. Read more about ISA limits.
  • After 12 months, your account will change to an Instant Cash ISA.

Summary box for the Cash ISA Saver

  • 1.40% tax free/AER on balances from £1 - £24,999.

    1.45% tax free/AER on balances from £25,000 - £99,999. 

    1.90% tax free/AER on balances of £100,000 or more.

    An extra 0.30% AER/tax free will be added if you already have a Club Lloyds or Private Banking personal current account.

    The interest rate is variable. Interest is paid twice per year. The rate applies to the full balance.

     

  • Yes. As this account pays a variable rate of interest it can change over time. We’ll always let you know of any planned changes to the rate. Our terms and conditions (PDF, 59KB) explain when and how we do this. For example we might review the interest rate if the Bank of England base rate changes.

     

  • For example, if you deposit £1000.00 when you open the account, the balance after 12 months will be £1014.00.

    If you deposit £25000.00 when you open the account, the balance after 12 months will be £25362.50.

    If you deposit £100000.00 when you open the account, the balance after 12 months will be £101900.00.

    This assumes:

    • the interest rate stays the same for 12 months
    • 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.

     

  • This account can be opened and managed:

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

    You can open this account if you:

    • are aged 16 or over
    • are a UK resident for tax purposes
    • have a national insurance number.

    If you have already saved in a cash ISA this tax year, you’ll need to complete an ISA transfer. This includes Help to Buy: ISAs and cash ISAs with other banks.

    You need to open this account with £1 or more. You can pay up to £20,000 into a combination of permitted ISAs this tax year. Read more about ISA limits.

    The account can only be opened in your sole name because cash ISAs cannot be joint accounts.

     

  • You can withdraw money from this account and there are no charges for doing so.

    This is a flexible ISA which means you can withdraw money and put it back in without counting towards your annual ISA limit.

    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 12 months, 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 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.

Open a Cash ISA Saver

You can open this account if you:

  • are aged 16 or over
  • are a UK resident for tax purposes
  • have a national insurance number.

If you have already saved in a cash ISA this tax year, you’ll need to complete an ISA transfer. This includes Help to Buy: ISAs and cash ISAs with other banks.

Please read the summary box and the terms and conditions (PDF, 59KB)  before you start.

Open a Cash ISA Saver online in about five minutes

Open a Cash ISA Saver online in about five minutes

Open now Apply now

You can also open an account by calling us on 0345 300 0000. Our lines are open Monday to Sunday from 8am – 8pm.
Not all Telephone Banking services are available 24 hours a day, seven days a week. Or, visit us in branch.

Have you thought about investing?

Our investment options could provide a higher return than saving. Choose from our investment accounts.

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Not the right ISA for you?

Take a look at our range of ISAs to see which suits you.

More about ISAs

Make the most of your tax-free savings with our ISA guides.

Financial Services Compensation Scheme

Eligible deposits held with us are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK’s deposit guarantee scheme.

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