Lloyds Bank increases ISA rates
Lloyds Bank has today announced new savings rates across its range of ISAs ahead of the end of the tax year.
Available to new and existing customers from Tuesday 4 March, the new ISA rates include an increase to the instant access Cash ISA Saver account which will offer 1.25% on balances from £1 and 1.50% on balances over £20,0001.
Rates on the Fixed Rate Cash ISA range will also increase from Tuesday:
- 2 year Fixed Rate Cash ISA: 1.75% on balances from £1 and 2.00% on balances over £20,0002.
- 3 year Fixed Rate Cash ISA: 2.00% on balances from £1 and 2.25% on balances over £20,0002.
- 4 year Fixed Rate Cash ISA: 2.15% on balances from £1 and 2.40% on balances over £20,0002.
Fixed Rate Cash ISA accounts pay interest monthly and annually.
Andy Bickers, director of savings at Lloyds Bank, says:
“We‘re very pleased to be able to increase our rates at a time when we know most people are looking to top-up their tax free savings.
“Making use of your whole tax free allowance each year is really important in maximising your future tax free savings pot, and we have a range of ISA options for our customers to save both in this tax year and the next, in a way that suits them.”
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