Lifetime ISA | The Savings Guru

Lifetime ISA

Provider	Rate	Min/Max Deposit	Opening Account	Accessing Account	Interest Options	ISA Information	ISA Access	SG Verdict
Bath Building Society	3.19%	£500 / No maximum	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Annually Paid 31st December Added to the account	- Transfers in accepted are not accepted	Withdrawals are permitted but are subject to a government 25% withdrawal charge Additions are allowed.	Bath is one of the smallest building societies in the UK, looking after £225m of deposits.
Nottingham Building Society	3.00%	£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account Paid 5th April	- Transfers in are not accepted - This ISA is not flexible and you are not able to re-deposit withdrawn funds if the re-deposit amount takes you above the maximum annual subscription limit in the tax year.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	3.50% (2.75% variable base rate plus a fixed one year bonus interest rate of 0.75%)	£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Stocks & Shares ISAs, Help to buy ISAs and Lifetime ISAs - This ISA is not flexible and you are not able to re-deposit withdrawn funds if the re-deposit amount takes you above the maximum annual subscription limit in the tax year.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	2.50%	£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 - This ISA is not flexible and you are not able to re-deposit withdrawn funds if the re-deposit amount takes you above the maximum annual subscription limit in the tax year.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
Nude	3.00% (fees apply)	£25 / £4,000 per tax year	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Monthly Added to the account	- Transfers in accepted from 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 allowed 95 days notice for withdrawals, unless for a qualifying house purchase (which takes up to 30 days) or retirement.	Nude was started in 2019 and is a mobile app aimed at helping young people get on the housing ladder. It offers a cash and investment Lifetime ISA plus tools to help assess the costs of the property you wish to purpose and how to buy it quicker. Nude comes with a £2 per month fee.
Paragon Bank	2.50%	£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	2.25%	£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.

Find out more Meet the Team

Ask the Guru a Question