Lifetime ISA | The Savings Guru

Lifetime ISA

Provider	Rate	Min/Max Deposit	Opening Account	Accessing Account	Interest Options	ISA Information	ISA Access	SG Verdict
Nottingham Building Society	0.50%	£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account Paid 5th April	- Transfers in are not accepted - This ISA is not flexible and you are not able to re-deposit withdrawn funds if the re-deposit amount takes you above the maximum annual subscription limit in the tax year.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.	Beehive Money is part of Nottingham Building Society, which is the 9th largest building society in the UK, looking after £2.89bn of savings.
Newcastle Building Society	0.35%	£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 - This ISA is not flexible and you are not able to re-deposit withdrawn funds if the re-deposit amount takes you above the maximum annual subscription limit in the tax year.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, 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
Paragon Bank	0.50%	£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 - This ISA is not flexible and you are not able to re-deposit withdrawn funds if the re-deposit amount takes you above the maximum annual subscription limit in the tax year.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, 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
Skipton Building Society	0.10%	£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, 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. Skipton is the 4th largest building society in the UK and looks after £19.4bn of deposits.

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