Lloyds TSB adds to its fixed rate ISA range

Lloyds TSB has added two new fixed rate cash ISAs to its tax free savings range.

The three year account offers a return of 3.55 per cent AER on balances from £1 to £9,999 and 3.85 per cent for £10,000 and above.

The new four year cash ISA pays 3.6 per cent for savings up to £9,999 and 3.9 per cent on balances of £10,000-plus.

A minimum opening deposit of £3,000 is required for the cash ISAs but interest is paid on balances of £1 or more, on the anniversary of the account opening and on maturity.

Savers can make deposits and transfers in throughout the term, and can also access money, subject to a withdrawal charge.

Greg Coughlan, head of savings at Lloyds TSB, said: “Now is the perfect time for customers to be investing in this year’s ISA, to make the most of their 2012 tax free savings allowance.”

Completing the range is the two year fixed rate account launched in February, which offers interest from 3.4 per cent to 3.7 per cent, depending on the balance.