What is an ISA?

Whatever your savings goals, at Lloyds TSB you can choose from a range of different LTSB ISA accounts

Tax treatment depends on your individual circumstances, and may change.

Cash ISAs

Take money out of your savings account whenever you want with a cash ISA. They’re great if you want to start saving but think that you might need to dip into your savings account every now and then.

You can open a cash ISA with as little as £1. Then, you just pay money into your account whenever you can afford it up to a yearly limit set by HM Treasury.

If you prefer, you can set up a standing order to transfer money from your current account on a regular basis, perhaps once a month on pay day.

And if you want to take money out of your ISA, you can withdraw as little as £1 – or even the whole lot if you need it. You do need to note that tax treatment depends on your individual circumstances, and may change.

Find out more about cash ISAs

Fixed rate ISAs

If you want to keep a fixed steady interest rate for longer, you can take out a LTSB Fixed Rate Cash ISA

This could help you earn more interest on your savings, though you will have to pay a charge to take money out while the interest rate is still fixed.

Find out more about cash ISA rates at Lloyds TSB

Stocks and Shares ISAs

Stocks and Shares ISAs could be great for making long-term investments over 5 to 10 years.

Your money is invested in the stock market, so the value of your investments can go down as well as up and you may get back less than you originally invested.

You can have a cash ISA as well as a stocks and shares ISA, as long as your total investments don’t go over your annual ISA allowance set by HM Treasury.

You’ll need to be a UK taxpayer and aged 18 or over to open a stocks and shares ISA and 16 or over to open a cash ISA.

With Lloyds TSB you can open them online, on the phone or by visiting your local branch.