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Lloyds Bank investment platform review
Is Lloyds Bank any good?
In our latest customer satisfaction survey, Lloyds Bank received a customer score of 75% for its stocks and shares Isa, putting it joint 7th out of 25 providers.
Lloyds has a large selection of available assets to invest in that only few of the platforms we surveyed could better. It offers nearly 9,000 assets, including over 3,000 funds.
Lloyds charges a fixed annual platform charge of £40 (waived for 18-25 year olds) regardless of the size of your investment, which can benefit investors with large portfolios.
However, the fixed charge, on top of its trading charges, mean that the platform is one of the most expensive in our survey for portfolios worth less than £25,000.
The minimum investment required to use Lloyd's Share Dealing Isa is £20 a month.
Please note that the information in this article is for information purposes only and does not constitute advice. Please refer to the particular terms and conditions of an investment platform before committing to any financial products.
- Find out more: Best investment platforms in the UK 2025
Lloyds Bank stocks and shares Isa scores in more detail
| Aspect of service | Star rating |
| Customer service | |
| Ease of use | |
| Information on investments | |
| Value for money |
What do customers say about Lloyds Bank?
Comments from Lloyds Bank customers that took part in our survey include:
- 'I genuinely appreciate the tools and resources they offer for self-managed investors like me.'
- 'It's easy for me as Lloyds provide all information and the shares are affordable.'
- 'Good value for money fees, easy to use website and app, good range of products to invest in.'
Visit Lloyds Bank to find out more about its accounts, services and investment options.
How much does Lloyds Bank cost?
There's no difference in fees whether you're investing in a Lloyds Bank stocks and shares Isa or general investment account.
Annual platform charge:
- £40; this fee is waived for 18-25 year olds
Trading charges:
- £1.50 to buy and sell funds
- £11 to buy and sell shares
- Reduction to £8 if you trade eight or more times in a quarter
Foreign exchange charge:
This applies to each trade of investments denominated in another currency, for example US stocks, on top of fund and trading charges.
- 1%
How much would I pay to invest with Lloyds Bank?
We've estimated the cost of investing with Lloyds Bank over the course of a year in a stocks and shares Isa. All scenarios assume you make four purchases and four sales each year, spread out over different months.
Costs will vary depending on how much you invest and whether you trade funds or shares.
| Amount invested | Annual fund charges | Annual shares, ETFs and investment trusts charges |
|---|---|---|
| £5,000 | £52 | £128 |
| £10,000 | £52 | £128 |
| £25,000 | £52 | £128 |
| £50,000 | £52 | £128 |
| £100,000 | £52 | £128 |
| £250,000 | £52 | £128 |
| £500,000 | £52 | £128 |
Table notes: Annual charges include platform fee and any trading charges. We have not included other charges that might apply, such as foreign exchange fees or fund management charges that are levied by fund managers, as these vary depending on the specific investments you hold. Fund management fees can range from less than 0.1% for some passively managed 'tracker' funds, to 1.25% or more for actively managed funds or investment trusts.
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.
- Find out more: Compare investment platform fees and charges
What can you invest in with Lloyds Bank?
Lloyds Bank accounts and services
Find out more about Lloyds Bank by using the links below to view their accounts and services:
- General investment account
- Stocks and shares Isa
- Self-invested personal pension (Sipp)
- Ready-made portfolio
- Ready-made pension
Investments on Lloyds Bank
- 3,143 funds
- 275 trusts
- 697exchange-traded funds
- 4,803 stocks
- 23 bonds
Correct as of January 2025
Is Lloyds Bank good for ethical investors?
Lloyds Bank doesn't offer the option to filter investments based on how well funds are managing ESG (environmental, social and governance) risks. It does however provide filters based on index, sector and market cap.
It also lists each fund’s top 10 holdings, so you can see the companies making up the largest portions of investment in a fund.
- Find out more: Ethical investing explained
Is your money safe with Lloyds Bank?
Lloyds Bank is regulated by the Financial Conduct Authority and covered by the Financial Services Compensation Scheme (FSCS).
When you invest with an investment platform that's registered with the Financial Conduct Authority, your money will be ring-fenced and should be returned to you if a company goes bust – without having to wait alongside other creditors.
If ring-fencing failed, you would be compensated by the FSCS.
The FSCS will cover up to £85,000 of investments per person, per platform. You can claim for free online at www.fscs.org.uk: there's no reason to use a claims management company.
You won't be compensated for investments falling in value, or if a company in which you hold shares goes bust, unless this poor performance resulted from bad advice given by a regulated Independent Financial Advisor that has since gone bust.
- Find out more: Are your investments protected?