Upgrade options if you have a current account

Did you know your current account could save you time and money?

Upgrade your current account to an Added Value Account for a monthly fee to take advantage of a range of useful benefits.

You get all the current account features you would expect, such as:

  • Access to our Internet Banking and Mobile Banking, 24-hour telephone services and our branches in Scotland
  • A VISA debit card
  • Free mobile text alerts

Choose between the extra benefits of our Silver or Platinum Accounts to get the level of cover you need. The upgrade is hassle-free, keeping the same account details you are familiar with.

If you are registered for Internet Banking, you can log in to upgrade online. Simply select the ‘Upgrade’ button for the account you would like to upgrade and follow the on-screen instructions.

Silver Account


Added value benefits for £9.95 a month:

  • European Travel Insurance for you and your family including winter sports cover. All cover stops on the account holder’s 65th birthday
  • AA Breakdown Cover with Roadside Assistance and Accident Management
  • Mobile Phone Insurance
  • Card Loss Assistance
Update to a Silver Account today

 Upgrade to a Silver Account

Platinum Account


Added value benefits for £17 a month:

  • Worldwide Travel Insurance for you and your family including winter sports cover. All cover stops on the account holder’s 80th birthday
  • AA Breakdown Cover with Roadside Assistance, Relay, Home start and Accident Management
  • Mobile Phone Insurance
  • Card Loss Assistance
Upgrade to a Platinum Account today

 Upgrade to a Platinum Account

Not registered to bank online with us? Register for Internet Banking today. Alternatively, you can phone us or visit us in branch.

We use a range of third party insurance providers for the Silver and Platinum Account benefits (conditions and exclusions apply). For further details please see the full policy documents.

 

More information about the Silver and Platinum Accounts

We’re making some important changes to our bank account conditions as well as changing the terms and conditions of some of the benefits which come with our Added Value Accounts. These changes will take effect from 2nd September 2016, unless stated otherwise. Please read the Guide to Changes section of the Bank Account Conditions for more detail.

Overdrafts

These accounts have the following interest and fee free amounts.

  • Silver Account - Up to £50 Interest and fee free Planned Overdraft
  • Platinum Account - Up to £300 Interest and fee free Planned Overdraft

Please be aware:

  • Fees apply over the above amounts.
  • Any overdraft we agree is repayable on demand, including any fees or interest and subject to application and approval.
  • You must 18 years old or over to apply.

Find out more detailed information on overdrafts such as fees, charges and managing your overdraft limit.

Representative examples

Silver Account
If you use a Planned Overdraft of £1,200 on our Silver Account the overdraft interest rate we charge on the first £50 will be 0% EAR variable. The overdraft interest rate on the next £1,150 will be 19.94% EAR variable and a Monthly Overdraft Usage Fee of £6 will apply.

Platinum Account
If you use a Planned Overdraft of £1,200 on our Platinum Account the overdraft interest rate we charge on the first £300 will be 0% EAR variable. The overdraft interest rate on the next £900 will be 17.28% EAR variable and a Monthly Overdraft Usage Fee of £6 will apply.

From 2nd September 2016 the interest rate payable when you go over the interest and fee free amount of your Planned Overdraft or you use an Unplanned Overdraft will change to 19.89% EAR variable. This is an increase for Platinum accounts and a decrease for Silver accounts. The Guide to Changes provides further information, including confirmation of the current interest rates.

Why not add Vantage?

Vantage is a free add-on that allows you to earn up to 3% AER (2.96% Gross) variable on your balance of £3,000 - £5,000. Just pay at least £1000 into your account each month and stay in credit.

Vantage interest rates are tiered so you will earn 2.00% AER (1.98% Gross) variable on balances of £1,000 - £2,999.99, 1.50% AER (1.49% Gross) variable on balances of £1 - £999.99.

No interest is paid on amounts over £5,000. Interest is paid monthly.

  Discover more about Vantage 

AER is Annual Equivalent Rate - this illustrates what the interest rate would be if interest was paid and compounded once each year. This allows individuals to compare more easily what return they can expect over time.

Gross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HMRC.

Account opening is subject to our assessment of your circumstances and to you meeting all eligibility conditions. You need to be aged 18 years or over, a UK resident and either an EU national or have permission to stay in the UK for at least 12 months. Overdrafts are subject to application and approval and are repayable on demand.

Bank of Scotland plc. Registered in Scotland No. SC327000. Registered Office: The Mound, Edinburgh EH1 1YZ. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 169628. We subscribe to The Lending Code.

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