Bank Accounts

Bank Accounts

Whether you’re looking for simple everyday banking or an account with benefits, we can help you find the right account to support you through life’s journey.

¹All our overdrafts are subject to our assessment of your circumstances, and are repayable on demand.

²0.50% AER (0.50% gross p.a.) variable credit interest paid quarterly on balances between £1 and £2,499.99.

³Up to £1,500 in years 1-3 and up to £2,000 in years 4-6 (available if aged 18 or over). *

⁴Get up to 15% cashback when using your Visa Debit Card at selected retailers. Merchant offers and cashback amounts vary. Internet Banking registration required. T&Cs apply.

Arranged overdrafts are subject to application and approval and repayable on demand. You must be 18 or over to apply. Arranged overdraft limits and interest rates vary based on your individual circumstances.

Earn monthly interest on your credit balance by adding Vantage.

⁵ Vantage is our free add-on for Classic and Platinum accounts. It pays 1.00% AERAnnual Equivalent RateThis illustrates what the interest rate would be if interest was paid and compounded once each year. This allows you to compare more easily what return you can expect over time. (0.99% grossGrossGross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HMRC. p.a.) variable on balances from £1 up to and including £3,999.99, and 2.00% AER Annual Equivalent RateThis illustrates what the interest rate would be if interest was paid and compounded once each year. This allows you to compare more easily what return you can expect over time.(1.98% grossGrossGross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HMRC. p.a.) variable on any part of the balance from £4,000 up to and including £5,000. You won’t earn interest on any balance over £5,000. Vantage can also be added to existing Bank of Scotland Silver, Gold and Premier accounts.

No interest paid on balances over £5,000. To qualify, each calendar month simply pay at least £1,000 into your account, stay in credit (above £0) during the monthly billing period, and pay at least two different Direct Debits from your account. If in any month you don’t meet these criteria, you won’t earn any interest but you won’t be charged for having Vantage.

From 1 October 2020, the variable rates of interest you can earn on credit balances are changing. The current interest rate of 1.00% AERAnnual Equivalent RateThis illustrates what the interest rate would be if interest was paid and compounded once each year. This allows you to compare more easily what return you can expect over time. (0.99% p.a.), payable on balances from £1 to £3,999.99, is changing to 0.60% AERAnnual Equivalent RateThis illustrates what the interest rate would be if interest was paid and compounded once each year. This allows you to compare more easily what return you can expect over time./ p.a. The current rate of 2.00% AERAnnual Equivalent RateThis illustrates what the interest rate would be if interest was paid and compounded once each year. This allows you to compare more easily what return you can expect over time. (1.98% p.a.) payable on the part of any balance from £4,000 up to and including £5,000, is changing to 1.50% AERAnnual Equivalent RateThis illustrates what the interest rate would be if interest was paid and compounded once each year. This allows you to compare more easily what return you can expect over time. (1.49% grossGrossGross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HMRC. p.a.). Full details can be found in the Vantage Guide (PDF).

Find out more about Vantage

You can also compare all our bank accounts to see which one suits you best.

Independent service quality survey results

Personal current accounts

Published February 2020

As part of a regulatory requirement, an independent survey was conducted to ask approximately 865 customers of each of the 16 largest personal current account providers if they would recommend their provider to friends and family. The results represent the view of customers who took part in the survey.

Overall service quality

We asked customers how likely they would be to recommend their personal current account provider to friends and family.

Ranking

Rank 1, first direct, 83% Rank 2, Metro Bank, 82% Rank 3, Nationwide, 74% Rank 4, Santander, 63% Rank 4, Lloyds Bank, 63% Rank 10, Bank of Scotland, 58%

View the full set of resultsService quality results

The requirement to publish the Financial Conduct Authority Service Quality Information for personal current accounts can be found herePersonal service quality information.