Lifetime ISA
| Provider | Rate | Min/Max Deposit | Opening Account | Accessing Account | Interest Options | ISA Information | ISA Access | SG Verdict |
|---|---|---|---|---|---|---|---|---|
|
0.35% | £1 / No maximum | Branch | Branch |
| - Transfers in accepted from other Lifetime ISAs only. - This ISA is not flexible and you are not able to re-deposit withdrawn funds if the re-deposit amount takes you above the maximum annual subscription limit in the tax year. - Additional permitted ISA subscriptions are not accepted |
Withdrawals are permitted but are subject to a government 25% withdrawal charge, although this has been temporarily reduced to 20% until 5th April due to Covid-19 Additions are allowed. |
Newcastle is the eighth largest building society in the UK, looking after £3.4bn of savings |
|
0.80% | £1 / No maximum | Branch | Branch |
| - Transfers in accepted from other Lifetime ISAs but only for internet based accounts, branch based accounts cannot accept transfers. - This ISA is not flexible and you are not able to re-deposit withdrawn funds if the re-deposit amount takes you above the maximum annual subscription limit in the tax year. - Additional permitted ISA subscriptions are not accepted |
Withdrawals are permitted but are subject to a government 25% withdrawal charge, although this has been temporarily reduced to 20% until 5th April due to Covid-19 Additions are allowed. |
Nottingham have a network of over 60 branches and are the 9th largest building society in the UK, looking after approximately £4bn of savings. |
|
0.75% | £1 / No maximum | Branch | Branch |
| - Transfers in accepted from other Lifetime ISAs but only for internet based accounts, branch based accounts cannot accept transfers. - This ISA is not flexible and you are not able to re-deposit withdrawn funds if the re-deposit amount takes you above the maximum annual subscription limit in the tax year. - Additional permitted ISA subscriptions are not accepted |
Withdrawals are permitted but are subject to a government 25% withdrawal charge, although this has been temporarily reduced to 20% until 5th April due to Covid-19 Additions are allowed. |
Birmingham based Paragon launched in 2014 and now look after over £7.8bn of savings. You can find out more about them in our banking directory https://www.thesavings.guru/bank-directory/208-paragon-bank |
|
0.35% | £1 / No maximum | Branch | Branch |
| - Transfers in accepted from cash ISAs, Stocks & Shares ISAs, Help to buy ISAs and Lifetime ISAs - This ISA is not flexible and you are not able to re-deposit withdrawn funds if the re-deposit amount takes you above the maximum annual subscription limit in the tax year. - Additional permitted ISA subscriptions are not accepted |
Withdrawals are permitted but are subject to a government 25% withdrawal charge, although this has been temporarily reduced to 20% until 5th April due to Covid-19 Additions are allowed. |
Skipton was the first bank or building society to launch a Lifetime ISA. It is the 4th largest building society in the UK, looking after over £17bn of deposits. |