Savings

Our Savings account range

Important information for Bank of Scotland savings customers.

We are making some changes to our savings conditions. These changes cover:

  • The Government ending its Help to Buy: ISA scheme from 30th November. Existing Help to Buy: ISA customers can continue to save. Savers with other banks and building societies can still transfer their Help to Buy: ISAs to Bank of Scotland.
  • New processes for our Monthly Saver accounts. If you pay in over £250 in a month we’ll send your payment back. We won’t send back payments under £25.

At the same time we’re making minor grammar changes, and including some details in the booklet that we’ve already told affected customers about.

Our updated conditions will apply from 1st December.

Our savings accounts range

Account name

Interest

Minimum Opening Balance

How long the account stays open for

Withdrawals

Find out more

Account name

Interest

0.10% gross/AER variable rate for 1 year.

Interest is paid after a year.

Minimum Opening Balance

£1

How long the account stays open for

1 year. Then your account will change to an Instant Access Savings Account. See Instant Access Savings Account interest rates (PDF).

Withdrawals

Unlimited

Find out more

You can have up to five Access Saver accounts. You can name each one to help you save for different things.

Access Saver

Account name

Interest

2.00% gross/AER fixed.

Interest is paid after a year.

Minimum Opening Balance

£25 to £250 a month

How long the account stays open for

1 year. Then your account will change to an Access Saver.

Withdrawals

Unlimited

Find out more

Account name

Interest

2.00% AER/1.98% gross on balances of £1-£5,000.

0.20% AER/0.20% gross on any excess above £5,000.

Interest is paid monthly and is variable.

Minimum Opening Balance

£1

How long the account stays open for

Until the child's 16th birthday. Then the account will change to an adult Access Saver.

Withdrawals

Unlimited

Find out more

Account name

Interest

0.20% tax free/AER variable rate for 1 year.

Interest is paid after a year.

Minimum Opening Balance

£1

How long the account stays open for

1 year. Then your account will change to an ISA Saver. See ISA Saver interest rates (PDF).

Withdrawals

Unlimited

Find out more

Account name

Interest

0.75% tax free/AER fixed for the 2 year term.

Choose to have interest paid after each year or each month.

Minimum Opening Balance

£500

How long the account stays open for

Until the end of the fixed term. Then your account will change to an ISA Saver. See ISA Saver interest rates (PDF).

Withdrawals

None. You can close the account early or transfer money to another ISA but you would be charged.

Find out more

Account name

Interest

2.50% tax free/AER variable.

Interest is paid after each year.

Minimum Opening Balance

£1

How long the account stays open for

Until the child's 18th birthday. Then the account will change to an adult Access Cash ISA.

Withdrawals

None until the child is 18.

Find out more

Account name

Interest

0.75% gross/AER fixed for the 2 year term.

Choose to have interest paid after each year or each month.

Minimum Opening Balance

£2,000

How long the account stays open for

Until the end of the fixed term. Then your account will change to an Instant Access Savings Account. See Instant Access Savings Account interest rates (PDF).

Withdrawals

None. You can close the account early but you would be charged.

Find out more

For a definition of AER, gross and other terms, view our savings glossary.

Important information

Tax treatment depends on your individual circumstances and may change.

Rates of interest are subject to change. You can check when our rates have changed.

Your money is protected

The Financial Services Compensation Scheme (FSCS) protects eligible deposits with us. To find our more you can visit our FSCS page, or the FSCS' website.

FSCS Protected