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Access Cash ISA
Want to save tax free and be able to access your money easily? Open this cash ISA with as little as £1.
Summary box for the Access Cash ISA
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1.05% AER/tax free on balances from £1 - £24,999.
1.15% AER/tax free on balances from £25,000 - £99,999.
1.20% AER/tax free on balances of £100,000 or more.
The interest rate is variable. Interest is paid 12 months after you open the account. The rate applies to the full balance.
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Yes. As this account pays a variable rate of interest it can change over time. We’ll always let you know of any planned changes to the rate. Our terms and conditions (PDF, 182KB) explain when and how we do this. For example, we might review the interest rate if the Bank of England base rate changes.
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For example, if you deposit £1,000 when you open the account, the balance after 12 months will be £1,010.50.
If you deposit £25,000 when you open the account, the balance after 12 months will be £25,287.50.
If you deposit £100,000 when you open the account, the balance after 12 months will be £101,200.00.
This assumes:
- You make the deposit on the day you open the account.
- You don’t add any more money.
- You don’t withdraw any money.
- You keep your interest in this account.
- The interest rate stays the same.
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This account can be opened and managed:
- online
- on our app
- in branch
- by phone.
You can open this account if:
- You’re 18 or over and resident in the UK for tax purposes.
- You have a national insurance number.
- You haven't already saved in a cash ISA this tax year with Bank of Scotland, unless you're going to complete an ISA transfer.
Bear in mind:
- ISA regulations allow multiple cash ISAs to be funded in a tax year. However, the Bank of Scotland conditions only allow you to fund one cash ISA with us in a tax year.
- You can transfer an ISA you have with us or another bank. Find out how to transfer an ISA.
- You need to open the account with at least £1. Then save what you like as long as you don't go over your ISA allowance.
- The ISA allowance is £20,000 this tax year. This means you can save up to £20,000 in total across your ISAs this tax year. Learn more about ISAs.
- ISAs cannot be made joint.
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Yes. You can make as many withdrawals as you like from this account and there are no charges for doing so.
This is a flexible ISA. This means if you make a withdrawal, you can pay that money back into this account before the end of the tax year and not affect the amount you can save in your cash ISA tax free.
Any money you move to an account that isn't an ISA will lose its tax-free status. Tax treatment depends on your individual circumstances and may change in the future.
After 12 months the account will change to an ISA Saver. Before this happens, we'll contact you to explain your options and next steps.
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Tax free means you will not pay income tax on your interest.
AER stands for Annual Equivalent Rate. Whenever you see an advert for a savings account which shows an interest rate, you will see the AER. This means you can use the AER to compare accounts. It shows what the interest rate would be if your interest was paid and compounded once each year.
For more definitions, view our savings glossary.
Open an Access Cash ISA
You should read the summary box and the account conditions (PDF, 622KB) before you apply.
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Do you want to apply offline?
If you’d prefer to speak to someone, give us a call or visit your nearest branch.
Already have a cash ISA with us?
If you have got a Bank of Scotland easy access cash ISA, you can renew it into an Access Cash ISA without the need to open a new account.
