Our picks of the best 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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Best Cash Lifetime ISAs
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.
Lifetime ISAs
Customer rating
5/5
- AER (variable)4.69%
- Minimum£1
- Bonus Rate includes 1.64% bonus for 12 months
- FSCS Protected? Yes
- Allows transfers in? Yes
- Flexible ISA No
Customer rating
4.9/5
- AER (variable)4.65%
- Minimum£1
- Bonus 1.29% paid for 12 months
- FSCS Protected? Yes
- Allows transfers in? Yes
- Flexible ISA No
Customer rating
5/5
- AER (variable)4.1%
- Minimum£1
- FSCS Protected? Yes
- Allows transfers in? Yes
- Flexible ISA No
- Offer details Transfer an existing Lifetime ISA to a Tembo Cash Lifetime ISA between 14 November and 5 December 2025 to get a cash bonus of up to £300 into your Lifetime ISA. Your cash bonus will be added to your account in May 2026, or earlier, if you withdraw your funds to buy your first home using the Tembo Mortgages service. The cash bonus amount you’ll receive will depend on the balance you transfer from your old provider — the minimum you need to transfer is £300.
Customer rating
4.8/5
- Interest on uninvested cash4.06%
- Minimum£100 or £25 per month
- Type of accountStocks & Shares ISA
- FSCS Protected? Yes
- Fees If you choose to invest within Dodl there's a 0.15% fee (minimum £1 per month), but this isn't applied to uninvested cash
- Transfer in existing ISA? Yes
- Interest on uninvested cash 4.06%
- Ready-made portfolios available 6 risk-based portfolios and a responsible investments portfolio
- Foreign exchange fee 0.75% on the first £10,000, 0.50% for the next £10,000, and 0.25% for anything over £20,000
Customer rating
3.4/5
- AER (variable)3.51%
- Minimum£1
- FSCS Protected? Yes
- Allows transfers in? Yes
- Flexible ISA No
Stocks & 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 & 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.
Stocks & Shares Lifetime ISAs
Customer rating
4.8/5
- Annual fee0.15% (minimum £1 per month)
- Investment stylesDIY or ready-made
- Minimum deposit£100 or £25 per month
- FSCS Protected? Yes
- Fees If you choose to invest within Dodl there's a 0.15% fee (minimum £1 per month), but this isn't applied to uninvested cash
- Transfer in existing ISA? Yes
- Interest on uninvested cash 4.06%
- Ready-made portfolios available 6 risk-based portfolios and a responsible investments portfolio
- Foreign exchange fee 0.75% on the first £10,000, 0.50% for the next £10,000, and 0.25% for anything over £20,000
Customer rating
4.5/5
- Annual fee0.25%
- Investment stylesDIY or ready-made
- Minimum deposit£100 or £25 per month
- FSCS Protected? Yes
- Transfer in existing ISA? Yes
- Note on fees Fees are reduced the more you invest. You're charged 0.25% on up to £1m (max £45 per year), 0.1% on the next £1m and nothing on amounts over £2m.
- Interest on uninvested cash 2.53%
- Ready-made portfolios available 4 risk-based portfolios
Customer rating
4.7/5
- Annual fee0.25%
- Investment stylesDIY or ready-made
- Minimum deposit£25 per month or £500
- FSCS Protected? Yes
- Transfer in existing ISA? Yes
- Interest on uninvested cash 2.07% up to £10,000
- Trading fee £5.00
- Foreign exchange fee 0.75%
- Fund fees If you invest in funds, you'll have to pay fund fees between 0.03% and 0.78%
Customer rating
5/5
- Annual fee0.35%
- Investment stylesReady-made
- Minimum deposit£1
- FSCS Protected? Yes
- Transfer in existing ISA? Yes
- Ready-made portfolios available One ethical portfolio
- Interest on uninvested cash No
Customer rating
5/5
- Annual fee0.45% + £1 per month
- Investment stylesReady-made
- Minimum deposit£100 or £25 per month
- FSCS Protected? Yes
- Transfer in existing ISA? Yes
- Interest on uninvested cash 3% AER variable
- Ready-made portfolios available 6 ready-made portfolios including 3 ethical ones
Customer rating
4.8/5
- Annual fee0.75%
- Investment stylesReady-made
- Minimum deposit£500
- FSCS Protected? Yes
- Transfer in existing ISA? Yes
- Interest on uninvested cash No
- Ready-made portfolios available 30 portfolios, including fully managed, fixed allocation and ethical
- Offer 1% cashback on ISA transfers of up to £500,000.
- Offer details You need to transfer £10,000 or more of existing investments to get 1% cashback on the first £500,000 in your account.
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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.
What can you do with a Lifetime ISA?
A Lifetime ISA is a type of Individual Savings Account (ISA) and can be used to save up for either your first home or your retirement. You can choose whether you want to save cash or invest your savings in the Lifetime ISA, or you can do a mixture of the two.
How does the 25% boost work?
You get a 25% boost added to your Lifetime ISA monthly based on how much you deposited that month. You can get a maximum of £1,000 added each year, so if you open a Lifetime ISA at 18 and pay in every year until you’re 50, you can get more than £30,000 added by the government.
Lifetime ISA rules
There are restrictions to the use of the Lifetime ISA, including how old you need to be to get one, how much you can contribute and limits to withdrawals you can make.
Age
You have to be between 18 and 39 to open a Lifetime ISA and make your first payment into it. You can pay into a Lifetime ISA until you’re 50.
Contributions
You can contribute up to £4,000 in each tax year, which comes out of your annual ISA allowance. The government will add 25%, so for every £4,000 you add, you get £1,000 added.
You can only pay into one Lifetime ISA within each tax year, however, you can have multiple different ones if you want to, so you can start a new one or switch each tax year.
Withdrawals
You can only withdraw for one of two reasons: buying your first home or retirement. For your first home, you can withdraw money from your Lifetime ISA to buy a home worth up to £450,000. You can do this 12 months after your first payment. You can only withdraw after the age of 60 if you’re using it for retirement.
If you withdraw before age 60 for anything other than your first home, then a 25% early withdrawal charge will be deducted.
There are special circumstances that let you withdraw your Lifetime ISA if you are terminally ill with less than 12 months to live.