Lloyds Bank increases ISA rates

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.”