Protection
FSCS£120,000
Min balance
£1
Max balance
£20,000
Access
Instant
Interest paid
Monthly
Transfers in
Accepted
Lloyds Bank is also paying £200 to switch your current account. Offer ends 9 December 2026.
Rate Tiers
2 or fewer withdrawals
3.00%AER
In the 12 months after opening
3 or more withdrawals
0.65%AER
Lower rate applies from month of 3rd withdrawal to end of account year
How It Stacks Up
Ranks 46th of 47
1-year cash ISAs we track
This account 3.00%
- UK CPI (Aug 2026)
- 3.10%
- Pays 0.10% less
- Average 1-year cash ISA
- 4.37%
- Pays 1.37% less
- Best 1-year cash ISA
- 4.92%
- Pays 1.92% less
Inflation: ONS. Averages and best rates: accounts on DepositScout.
A Good Fit For
- Pro: New and existing savers
- Pro: Savers who want instant access
- Pro: Savers who want a monthly income
- Pro: Flexible: take money out and put it back in the same tax year without using more allowance
Worth Weighing Up
- Con: The rate is variable, so it can go down
Please verify all details with the provider – see our Disclaimer
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