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Instant Cash ISA
Adult cash ISAs will change into this account at the end of its term if you don't give any instructions.
Who this account is for
- Adult cash ISAs will change into this account at the end of its term if you don't give any instructions. We’ll contact you before this happens to let you know your options.
- This account is not available to any other customers. See our available accounts.
- If you’re no longer a UK resident, you can’t add more money to this account.
The benefits
- Earn up to 1.35% AER/tax-free variable interest. The rate depends on your balance. See summary box for details.
- This is a flexible ISA, which means you can withdraw money and put it back in without counting towards your annual ISA limit.
- Save and withdraw your money when you like.
How it works
- If you let your cash ISA change into this account, your sort code and account number will stay the same.
- You can pay up to £20,000 into a combination of permitted ISAs this tax year. Read more about ISA limits.
- There are other options for renewing your account. It's important to review your savings options.
Summary box for the Instant Cash ISA
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1.10% AER/tax-free on balances from £1 - £24,999.
1.20% AER/tax-free on balances from £25,000 - £99,999.
1.35% AER/tax-free on balances of £100,000 or more.
The interest rate is variable. The rate applies to the full balance. Your interest frequency will stay the same.
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Yes. The interest rate is variable, we can change it over time. For example, if the Bank of England base rate changes. We’ll always let you know of any planned changes to the rate. Our terms and conditions PDF, 69KB) explain when and how we do this.
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 deposit £1,000.00 when you open the account, the balance after 12 months will be £1,011.00.
If you deposit £25,000.00 when you open the account, the balance after 12 months will be £25,300.00.
If you deposit £100,000.00 when you open the account, the balance after 12 months will be £101,350.00.
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.
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How the account is opened
A 1 Year Fixed Rate Cash ISA, 2 Year Fixed Rate Cash ISA, Club Lloyds Advantage ISA Saver or a Cash ISA Saver, will change into this account at the end of term if you don't give any instructions. We’ll contact you before this happens to let you know your options. This account is not available to any other customers.
Your sort code and account number will stay the same.
Managing the account
You can manage your account:
- online
- on our app
- in branch
- by phone.
Account limits
ISA rules allow you to pay into more than one cash ISA in each tax year. We only let you pay into one cash ISA with us. You can open a cash ISA with us by completing an ISA transfer from another provider. If your cash ISA changes to an Instant Cash ISA, it counts as the same cash ISA. This is because the sort code and account number will stay the same.
You can pay up to £20,000 into a combination of permitted ISAs this tax year. Read more about ISA limits.
Cash ISAs can’t be joint accounts.
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You can withdraw money from this account and there are no charges for doing so.
A flexible ISA means you can withdraw money and put it back in without affecting 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.
You can close your account at any time.
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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.
