Lifetime ISA
| Provider | Rate | Min/Max Deposit | Opening Account | Accessing Account | Interest Options | ISA Information | ISA Access | SG Verdict |
|---|---|---|---|---|---|---|---|---|
|
1% (includes 0.50% bonus for the first year) | £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Stocks & Shares ISAs, Help to buy ISAs and Lifetime ISAs - This ISA is not flexible and you are not able to re-deposit withdrawn funds if the re-deposit amount takes you above the maximum annual subscription limit in the tax year.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. |
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. |
|
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 - This ISA is not flexible and you are not able to re-deposit withdrawn funds if the re-deposit amount takes you above the maximum annual subscription limit in the tax year.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 |
|
1.25% | £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 - This ISA is not flexible and you are not able to re-deposit withdrawn funds if the re-deposit amount takes you above the maximum annual subscription limit in the tax year.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 £6bn 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. |