The Lloyds ISAs on offer include both Cash ISAs and Stocks and Shares ISAs, meaning you can choose between a tax-efficient high interest savings account and an investment account, which is more risky but has the potential to offer greater long-term investment growth. The rules with Lloyds TSB ISAs are the same as with most ISAs. The ISA limit applies - half of which can be held in a cash ISA, or the entire amount can held in a stocks and shares ISA.
Lloyds Stocks and Shares ISAs offer:
- No tax to pay on any profit made within the ISA
- No tax to pay on any interest from corporate bonds or gilts
- Open the account online
- Transfer funds from a nominated bank account
- Free transfer of funds from existing ISAs
See below to compare Lloyds ISAs available through the Fair Investment fund supermarket service: