Bank of Scotland offer two types of ISA for you to choose from:
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.
On 4 August 2016 the Bank of England announced a decrease in the Bank of England Base Rate from 0.50% to 0.25%.