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 4 August 2016 the Bank of England announced a decrease in the Bank of England Base Rate from 0.50% to 0.25%.

Find out how this may effect you