Chance to earn up to £1,200 cashback with new ISA deal from Lloyds Bank

Lloyds Bank is giving customers the chance to boost their savings with an attractive cashback bonus – but how does it compare?

As the end of the tax-year draws closer, Lloyds Bank, Halifax and Bank of Scotland join several providers in offering an attractive cashback reward on ISA transfers.

New and existing customers with, or opening, a personal bank account with any of these providers could earn between £150 and £1,200 in cashback when transferring in balances to a selected ISA from 11 March 2026.

To qualify consumers must have or open the bank account between 11 March and 31 May and ask to transfer a minimum of £25,000 into a qualifying ISA (also by 31 May 2026). The bank account itself needs to remain open until 30 September 2026 to receive the cashback on this date. Balances can be transferred across from multiple cash ISAs using the ISA transfer service.

Note that you can’t transfer from an ISA already held with Lloyds Bank, Halifax or Bank of Scotland.

How much of a boost could I receive?

The amount you choose to transfer into your ISA will determine the cash bonus you take home. For every £25,000 transferred you get £150 cashback – so if you deposited between £25,000 and £49,000 you would pocket the lowest cashback bonus of £150.

Below are the cash incentives up for grabs:

How does it compare?

With the end of the tax-year fast approaching, providers are doing what they can to entice deposits. Lloyds Bank, Halifax and Bank of Scotland are some of the latest providers looking to motivate savers to make the most of their allowances.

This week also saw HSBC launch a cashback bonus of up to £500 when savers deposit or transfer £20,000 or more into selected ISAs. It joins Barclays Bank, which announced a new switching bonus last month, offering customers up to £600 when they make the move to one of the bank’s qualifying cash ISAs.

Read more: HSBC launches £500 cashback bonus on selected ISAs | Earn up to £600 by switching to a Barclays ISA

While the opportunity to earn some free cash can be appealing, consumers should bear in mind that, depending on the amount of money they want to transfer and the interest rate they earn, it may be possible to earn more elsewhere. This is why it’s always best to consider other offers and accounts on the market to decide what deal works for you.