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Lifetime ISA

Provider Rate Min/Max Deposit Opening Account Accessing Account Interest Options ISA Information ISA Access SG Verdict
Beehive Money
0.80% £10 / No maximum

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Annually
  • Added to the account
  • Paid 5th April

- Transfers in are not accepted

- This ISA is not flexible and you are not able to re-deposit withdrawn funds if the re-deposit amount takes you above the maximum annual subscription limit in the tax year.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

Additions are allowed.

This account comes with a £50 switching bonus for savers transfering their LISA from other providers

Beehive Money is part of Nottingham Building Society, which is the 9th largest building society in the UK, looking after £2.89bn of savings.

Moneybox
0.85% (0.25% base rate (variable) plus a fixed one year bonus interest rate of 0.60%) £1 / No maximum

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Monthly
  • Added to the account
  • Paid 1st of the month

- 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- This ISA is not flexible and you are not able to re-deposit withdrawn funds if the re-deposit amount takes you above the maximum annual subscription limit in the tax year.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

Additions are allowed.

Moneybox launched its investment app in August 2015 and launched this cash LISA in April 2020.

This Lifetime ISA is provided with Investec, with cash being held with Investec so it is protected by the FSCS.  It previously offered its cash LISA through OakNorth Bank.

Newcastle Building Society
0.70% £1 / No maximum

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid on Anniversary
  • Paid Annually
  • Added to the account

- 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- This ISA is not flexible and you are not able to re-deposit withdrawn funds if the re-deposit amount takes you above the maximum annual subscription limit in the tax year.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

Additions are allowed.

Newcastle is the eighth largest building society in the UK, looking after £3.4bn of savings

Paragon Bank
0.70% £1 / No maximum

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid on Anniversary
  • Paid Annually
  • Added to the account

- 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

Additions are allowed.

Birmingham based Paragon launched in 2014 and now look after £9.3bn of savings.

You can find out more about them in our banking directory here

Skipton Building Society
0.85% £1 / No maximum

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid on Anniversary
  • Paid Annually
  • Added to the account

- 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

Additions are allowed.

Skipton was the first bank or building society to launch a Lifetime ISA. 

Skipton is the 4th largest building society in the UK and looks after £21bn of deposits, including £1.2bn of Lifetime ISAs

About The Savings Guru

We help savers get the best deal for their money by providing unique insight in to the savings market.  We help prospective banks apply for a banking licence and we help build customer services, products and marketing for them.  We also work with existing banks and building societies to improve their savings propositions.  This  insider view of savings means we are uniquely placed to help savers.

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