Can I hold cash in my Lifetime ISA?

Answer

You can hold cash in your stocks and shares Lifetime ISA until you decide what to invest in. The interest you could earn is set out on our LISA charges page.

Once you open a Lifetime ISA, you'll need to fund your new account. You can set up a monthly direct debit of at least £25, add a one-off sum of £250 or more, or transfer over an existing ISA for free. Your Lifetime ISA can’t be closed after you’ve funded it.