About our ISAs

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 2017/18 tax year is £20,000. You can choose to save or invest your allowance in a cash ISA, a stocks & shares ISA, an innovative finance ISA, a lifetime ISA (depending on your age and circumstance and up to the lifetime ISA limit) or a combination of all four, providing you don’t exceed the limit.

The Junior ISA allowance for this tax year is £4,128 and covers contributions to Junior Cash ISAs and Junior Investment ISAs.

View our guide to ISAs

Save: Cash ISAs

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.

Grow: Investment ISA

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.

Provide: Junior Cash 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.

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.

Find out more

Help to Buy: ISA

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

Help to Buy: ISA

Help to Buy: ISA

How will the change to the Base Rate affect my Cash ISA?

On 2nd November 2017 the Bank of England announced an increase in the Bank of England Base Rate from 0.25% to 0.50%.

Find out how this may affect you