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Lloyds Bank offers stocks and shares Isas, Sipps and general investment accounts, in addition to its banking services.
You can start investing with Lloyds Bank with a £500 lump sum or a regular payment of £20 per month.
Please note that this article is for information purposes only and doesn't constitute advice. Please refer to the particular T&Cs of an investment platform before committing to any financial products.
Does Lloyds Bank offer the best stocks and shares Isa?
Lloyds Bank
Lloyds Bank was rated comfortably above average by its customers (76%). We rated its fees as average (57%), while its choice of assets scored an above-average 35%.
If you're thinking of using Lloyds Bank to take an income from your pension in a drawdown plan, read our comparison of pension drawdown plans and charges.
This applies to each trade of investments denominated in another currency, for example US stocks, on top of fund and trading charges.
1%
Lloyds Bank does not pay interest on uninvested cash held in a stocks and shares Isa.
'Low-cost fixed-fee and regular investing'
Megan Thomas, Which? investments writer, says:
You can invest in a range of assets with Lloyds Bank or – if you're not confident choosing your own investments – opt for one of its managed portfolios, which have a very low ongoing fund charge of 0.1%.
Lloyds Bank's low fixed fee of just £36 per year will make it one of the cheapest options for those with more invested. Even better, if you're 18 to 25 years old, the fee is waived entirely (as is also the case at sister platform Halifax Share Dealing).
The trading fees are a mixed bag. You'll pay £1.50 to buy or sell funds, and £9.50 for other investments. The £9.50 is waived for international trades and replaced with a 1% foreign exchange fee.
However, you can get around these costs if you set up regular investing, which is commission-free.
Be careful not to leave too much uninvested cash in your Lloyds Bank stocks and shares Isa, though, as it won't earn any interest.
What do customers say about Lloyds Bank?
Lloyds Bank customers scored it 76%, the joint-fifth-highest score of any platform in our survey.
Comments from Lloyds Bank customers who took part in our survey include:
‘The platform is simple to operate, easy to navigate and provides up-to-date info on the shares I'm likely to be interested in. Security seems to be good. On the rare occasions when I've needed to phone, the service has been prompt.'
'I have used this platform for many years, never had any problems and it works well for me at a very reasonable cost.'
'The fund lookup tools could be better, along with comparisons etc, but I think it's something they are working on.'
Visit Lloyds Bank to find out more about its accounts, services and investment options.
Lloyds Bank customer scores in more detail
Aspect of service
Star rating
Customer service
★★★★☆
Ease of use
★★★★☆
Information on investments
★★★☆☆
Value for money
★★★★☆
Lloyds Bank results based on sample size of 74. These results are based on a January 2026 online survey of 3,053 adults – members of the Which? Connect panel and members of the public – who shared 4,146 experiences.
Is Lloyds Bank safe?
Lloyds Bank is regulated by the Financial Conduct Authority and covered by the Financial Services Compensation Scheme (FSCS).
If Lloyds Bank went bust and its other arrangements to protect your money failed, the FSCS will cover up to £85,000 of investments per person per platform. You can claim for free online at fscs.org.uk – there's no reason to use a claims management company.
Our overall score is based on a combination of customer score, fees score, and assets score.
We don't analyse the performance of investments listed by investment platforms, as different investors will opt for different investments.
Customer score and ratings
We surveyed 3,053 investors – members of the Which? Connect panel and of the public – who gave 4,146 reviews of stocks and shares Isas in January 2026.
Each platform must get at least 30 responses to receive a customer score, which is based on overall satisfaction and likelihood to recommend.
The customer score makes up 60% of the overall score.
We also ask investors to rate their current platform for customer service, ease of use, information on investments, and value for money.
Fees score
The fees score uses snapshots of account and transaction fees at £5,000, £10,000, £25,000, £50,000, £100,000, £250,000, and £500,000. The fees assume four purchases and four sales in a year, spaced out in across months.
Fees are weighted higher closer to £50,000 as this is close to the average portfolio size, according to HMRC data.
The scores are assigned relative to the cheapest platform which would receive a score of 100%.
The fees score makes up 30% of the overall score.
Assets score
The assets score adds together all of the assets available within a stocks and shares Isa and assigns a score relative to the maximum out of the providers which receives 100%.
The assets score makes up 10% of the overall score.
To be considered to be a Which? Recommended Provider (WRP), the platform needs to have an overall score of 70% or higher.
Companies that reach this score are excluded if they're among the top 25% of the most expensive platforms across our scenarios, based on our fees analysis. Platforms are not eligible for WRP status if they receive a two-star rating or lower in any of our categories.
We also apply statistical tests that place the platforms into ‘bands’. Only the platforms in the highest two bands – the ones that really stand out – can be a WRP.
We will not give Which? Recommended Provider status to platforms that offer CFD trading.
To be eligible for our Great Value recommendation, platforms must be in our top three customer score bands and among the 25% least expensive in the asset categories they offer (any combination of funds, shares, or ETFs).
