Please note: From the 1st July 2018, we will be changing the interest you can earn on Vantage accounts. The current interest rate of 2% AER/1.98% Gross variable, payable on balances between £1 and £5,000, will reduce to 1.5% AER/1.49% Gross variable. To earn interest, you will still need to pay at least two different Direct Debits each calendar month, pay at least £1,000 into your account during the calendar month, and stay in credit (above £0) during the monthly billing period
You can apply for a Planned Overdraft with this account. We will ask you at the start of the account application process if you would like to do so. If you say yes, we will be able to show you the maximum amount of overdraft we can offer you.
Any overdraft we agree is repayable on demand, including any fees and is subject to application and approval. You must be 18 years old or over to apply.
Find out more detailed information on overdrafts such as fees, charges and managing your overdraft limit.
If you use a Planned Overdraft of £1,200 on your Classic Account, then we’ll charge you a daily overdraft fee of £1.71.
Vantage is our free add-on for current accounts that pays you 2% AER CloseAnnual 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% grossCloseGrossGross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HMRC.) variable on balances of £1 - £5,000. Interest is paid monthly. Bear in mind that you won’t earn interest on any amounts 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.
Visit the Vantage page for more information.
Earn up to 15% cashback with Everyday Offers and the chance to win one of your purchases back up to the value of £500 on a monthly basis with ‘It's on Us’.
To be eligible for Everyday Offers you need to be over 18, have a Bank of Scotland current account, a Bank of Scotland debit and/or credit card and be registered for Internet Banking. Once you’ve activated Everyday Offers, just activate each offer to earn cashback on your next purchase. You can activate 'It’s On Us' in the Everyday Offers section of Internet Banking.
Save the Change®
Sign-up to Save the Change® and as long as you are in credit, every time you make a purchase with your debit card, the difference will be rounded up to the nearest pound and transferred from your current account into an eligible Bank of Scotland savings account.
Open a joint account or add another person to an existing account
Looking to switch your joint account to us?
Please be aware of the following:
Remove someone from a joint account
A request to remove someone from your bank account can be made in branch and will only be accepted where the account is in credit.
We have designed the Current Account Switch Service to let you switch your current account from one bank or building society to another in a simple, reliable and stress-free way. It will only take seven working days. As your new current-account provider we offer the following guarantee.
For more information and FAQs, please read the Account Switching Guide (PDF)
We want you to find a product that's right for your circumstances, which is why we adhere to the Standards of Lending Practice, which are monitored and enforced by the Lending Standards Board.
To find out more you can read the statement of responsibilities, which details whats expected of us, the lender and you the borrower.
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. Benefits also are subject to application and approval.
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.