Lloyds Bank is offering Cash ISA savers the chance to earn up to £1,200 cashbackin a new deal to help "boost" deposits. New and existing customers who have, or are opening, a personal bank account with one of Lloyds Banking Group's consumer brands could earn the cash when using the bank's services to transfer in their ISA balances.

The offer launched today (March 11) and will run until May 31, 2026. The cashback payment is worth £150 for every £25,000 of Cash ISA balance transferred in up to a maximum of £1,200. So, for balances between £25,000 and £49,999.99, customers will receive £150; for balances between £50,000 and £74,999.99, customers will receive £300, and so on, up to a maximum of £200,000, which earns £1,200. Simon Caddick, savings director, Lloyds Banking Group, said: "With our new Cash ISA Transfer offer, we're giving customers the opportunity to boost their savings with both tax-free interest and up to £1,200 cashback. No matter what your savings goals are, ISAs provide a range of tax-free options to help you meet them."

To be eligible, customers must be UK residents and aged 18 years or over.

They will also need a Lloyds, Halifax or Bank of Scotland current account, which must be held or opened during the offer period and must remain open until September 30, 2026, for payment of the cashback incentive.

They must also hold one or more Cash ISAs with the same Lloyds Banking Group brand as the one they hold a personal account with.

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People can choose instant access, limited access or fixed-term Cash ISAs.

Transfers must be external to Lloyds Banking Group (i.e., not from existing Group savings) and made through the ISA Transfer Service.

Customers must transfer at least £25,000 (total balance across accounts) between March 11, 2026, and May 31, 2026, into their Cash ISA.

Any ISA Transfer request made after May 31, 2026, will not be eligible for this offer; however, any ISA Transfer initiated during the offer period and completed by August 31, 2026, will be eligible.

New Cash ISA(s) must remain open and funded until at least August 31, 2026.

Customers who fulfil the terms of the offer will receive their cashback payment by September 30, 2026.