New and improved ISA products from Lloyds TSB

Lloyds TSB has launched two new and improved ISA products.  An 18 month Cash ISA Saver paying 2.65% and a two year fixed rate ISA paying 3.70% (for balances over 10,000) and 3.40% (for balances less than £10,000). Both products are available online, through telephone or in branch.

Fixed Rate ISA

Cash ISA
Fixed Interest rate of:
3.40% £1-£9,999
3.70% £10,000+

Fixed for 24 months from account opening
Minimum opening balance of £3,000 but interest is paid from £1
Tiered at £10,000
Interest paid on anniversary of account opening and maturity
Can make deposits and transfers in throughout the term (within ISA rules) to make full use of  the yearly cash ISA allowance
Can access money, but a withdrawal charge of the equivalent of 160 days will be applied on any amount withdrawn
Can transfer existing cash ISAs to this account
Available in branch, online or by telephony.

Cash ISA Saver

Cash ISA Saver - instant access product
Rate 2.65% over 18 months
Interest paid annually on 31st March
Transfers in and out are allowed
Available in branch, online or by telephony.
Minimum £1

Greg Coughlan, Head of Savings at Lloyds TSB, said: "We understand savers have different requirements, which is why we wanted to offer a range of products to meet their needs.  We are delighted to announce the launch of both the Cash Saver ISA and the Fixed Rate ISA which we believe are both competitive and flexible".

For more information, visit lloydstsb.com.