Our picks of the Cash and Stocks & Shares LISAs
Lifetime ISAs are a great way to save up for either your first home or towards your retirement as you get a 25% boost from the government. Here are some of the top-paying accounts at the moment.
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What is a Lifetime ISA?
A Lifetime ISA is a type of savings account that lets you save for your first home or retirement. With a LISA, you can deposit up to £4,000 per year and you’ll get a cheeky little 25% added by the government. Who doesn’t love a bit of free money? We have more on how they work and some of the account restrictions in our full guide. You can get two types of LISA: Cash and Stocks and Shares.
Best Cash Lifetime ISAs – earn up to 4.84%
Cash LISAs work the same as Cash ISAs, as you save up cash into them and earn a set rate on it. You can also sometimes earn interest on uninvested cash within a Stocks and Shares ISA, which we’ve also listed here.
There aren’t many Cash LISAs on the market, but here are some of the top-paying ones available.
Stocks and Shares LISAs don’t have an interest rate – instead, you invest your money into stocks or funds to attempt to earn even more on your initial deposit, although that’s not guaranteed.
You can broadly get two types of Stocks and Shares LISAs — ones where you’re fully in charge of your investments and ones where you’re offered a range of “ready-made” portfolios to choose between. You can sometimes get a mix of the two.
There are a few available to choose from so we’ve listed some of the ones with the lowest fees and given you several choices of investment strategy with these ones.
| Provider | Fee | Minimum deposit | Type of investments | Interest on uninvested cash |
| Dodl | 0.15% account fee – min £1 per month | £100 or £25 direct debit | AJ Bell funds, themed investments and shares | 4.84% AER variable |
| Moneybox | £1 per month (waived for three months) + 0.45% platform fee | £1 | Ready-made portfolios | N/A |
| Tembo | 0.35% platform fee + 0.17% fund provider fee | £1 | Ready-made portfolios | N/A |
| Hargreaves Lansdown | 0.25% fee | £100 or £25 direct debit | Funds, individual shares and ready-made portfolios | N/A |
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