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Club Lloyds Advantage ISA Saver
Our cash ISA for Club Lloyds customers which pays more interest if you make fewer withdrawals.
Read the summary box before applying.
Summary box for the Club Lloyds Advantage ISA Saver
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3.50% AER/ 3.45% tax-free variable monthly on balances from £1 if 3 or less withdrawals are made in the 12 months after opening.
1.00% AER/tax-free variable monthly on balances from £1 if 4 or more withdrawals are made in the 12 months after opening. This lower interest rate will apply from the month you make the 4th withdrawal until the end of the account year.
Interest is paid monthly, on the same date you open your account.
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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, 56KB) explain when and how we do this. For example, we might review the interest rate if it costs us more to run this account for you.
We’re making some changes to our conditions on 02 June 2025. For details, see our guide to changes (PDF, 80KB).
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For example if you put in £1,000 when you open the account, and make no withdrawals the balance after 12 months will be £1,035.05.
If you put in £1,000 when you open the account, and withdraw £10 on the first day of the month, for the first 4 months of the term the balance after 12 months will be £975.68.
This assumes the interest rate stays the same for 12 months, and you put money in the day you open the account and don’t add more money after that.
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You can open and manage this account in branch, by phone, online and on our app.
To open this account, you must be 18 or over, resident in the UK for tax purposes, have a National Insurance number and be a Club Lloyds customer.
To be a Club Lloyds customer, you must have one of the following current accounts:
- Club Lloyds account
- Club Lloyds Silver account
- Club Lloyds Gold account
- Club Lloyds Platinum account
- Club Lloyds Premier account
- Club Lloyds Private Banking current account
- Club Lloyds Private Banking Premier current account
- Club Lloyds Mayfair current account
- Club Lloyds Mayfair High Interest cheque account
If you have already saved in a cash ISA this tax year with us, you’ll need to complete an ISA transfer.
You need to open this account with £1 or more. ISAs have an annual limit this tax year of £20,000 for new money. You can’t pay more than this limit into any combination of permitted ISAs within the same tax year.
The account can only be opened in your sole name because cash ISAs cannot be joint accounts.
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Yes, you can make withdrawals from this account and there are no charges for doing so.
You'll get a higher rate of interest if you make three or less withdrawals in the 12 months from opening. If you make four or more withdrawals, you’ll get a lower interest rate from the month you make the fourth withdrawal until the end of the account year.
If making an online transfer, it can only be made to an existing Lloyds account.
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.
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Savings terms explained
Tax free variable
This is the rate of interest payable to you where your interest is exempt from income tax.
AER
This 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 Club Lloyds Advantage ISA Saver today
Read the summary box and the terms and conditions (PDF, 198KB) opens in a new tab before you start.
We’re making some changes to our conditions on 02 June 2025. For details, see our guide to changes (PDF, 80KB).
Club Lloyds Advantage ISA Saver not right for you?
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