Bank of Scotland offer two types of ISA for you to choose from:

  • Cash ISAs – where there is no tax to pay on the interest you earn (tax-free).
  • Stocks and shares ISAs – where growth in your investment is free from both income tax and capital gains tax (tax-efficient).

The annual ISA allowance for the 2016/17 tax year is £15,240. You can choose to save or invest your allowance in a cash ISA, a stocks & shares ISA, an innovative finance ISA, or a combination of all three, providing you don’t exceed the annual limit.

The Junior ISA allowance for this tax year is £4,080 and covers contributions to Junior Cash ISAs and Junior Investment ISAs.

View our guide to ISAs

Help to Buy: ISA

If you're a first time buyer saving for a deposit for your first home, our Help to Buy: ISA could help you get your foot in the door.

 Help to Buy: ISA 

Save: Cash ISAs

Grow: Investment ISA

Provide: Junior Cash ISA

A tax free way to save.


  • Open with as little as £1.
  • Choice of easy access or fixed term accounts.
  • Withdraw and replace funds from some of our cash ISAs without affecting your yearly ISA allowance.
  • Available if you’re aged 16 or over and are resident in the UK.

 Compare our cash ISAs 


A tax efficient way to invest in stocks and shares.
  • Investments 100% managed for you.
  • Invest a lump sum (2,000+), monthly amounts (£100+), or both.
  • No fixed term but designed to be held for at least 5 years.
  • The value of an investment and the income from it can go down as well as up and you may get back less than you invested.

Investment ISA 

A tax free way for children to save.
  • Available to children under 18 years old.
  • Open with as little as £1.
  • You can transfer Child Trust Funds to our Junior Cash ISA.

 Junior Cash ISA 

Self-Select Stocks & Shares ISA

If you want to choose from a wider range of investments, we also have a Self-Select Stocks & Shares ISA available through Bank of Scotland Share Dealing. 

Please remember that the value of an investment and the income from it can go down as well as up and you may get back less than you invested. If you are in any doubt about making your own investment decisions we recommend you seek advice from a suitably qualified financial adviser. Tax treatment depends on your individual circumstances and may change.

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


Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). For further information about the compensation provided by the FSCS, refer to the FSCS website at You can also visit our Financial Services Compensation Scheme page for more details.