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Savings
Bank of Scotland savings accounts
Choose the account that suits you best. As an alternative to savings, we have included some investment options that you may also like to consider.
Compare our range of savings accounts
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ISAs can be confusing. Use our guide to ISAs to find out how they work.
Already have an ISA elsewhere? You can transfer your existing ISA to us.
Account name
Interest
Minimum opening balance
How long the account stays open for
Withdrawals
More information
Account name
Interest
4.60% AER/tax free fixed for the 1 year term.
4.50% AER/tax free fixed for the 2 year term.
An extra 0.35% AER/tax free for the 1 year term or 0.10% AER/tax free for the 2 year term will be added if you already hold a Bank of Scotland Personal Current Account that has been open for a minimum of 40 days.
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.
Withdrawals
None. You can close the account early or transfer money to another ISA but you would be charged.
More information
Account name
Interest
4.00% AER/3.93% tax free variable monthly if you make 3 or less withdrawals
1.35% AER/1.34% tax free variable monthly if you make 4 or more withdrawals.
Interest is paid monthly.
Minimum opening balance
£1
How long the account stays open for
1 year. Then your account will change to an ISA Saver.
Withdrawals
Unlimited.
If you make 4 or more withdrawals, you’ll get a lower interest rate from the month you make the 4th withdrawal until the end of the account year.
More information
You need a Bank of Scotland current account with Vantage to open this account.
Account name
Interest
1.45% AER/tax free on balances from £1 - £9,999.
1.50% AER/tax free on balances from £10,000 - £49,999.
1.80% AER/tax free on balances of £50,000 or more.
Interest is variable and paid after a year. Rate applies to the full balance.
Minimum opening balance
£1
How long the account stays open for
1 year. Then your account will change to an ISA Saver.
Withdrawals
Unlimited
More information
Account name
Interest
3.15% AER/tax free 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.
More information
For a definition of AER, gross and other terms, view our savings glossary.
Tax treatment depends on your individual circumstances and may change. -
Account name
Interest
Minimum opening balance
How long the account stays open for
Withdrawals
More information
Account name
Interest
4.60% AER/tax free fixed for the 1 year term.
4.50% AER/tax free fixed for the 2 year term.
An extra 0.35% AER/tax free for the 1 year term or 0.10% AER/tax free for the 2 year term will be added if you already hold a Bank of Scotland Personal Current Account that has been open for a minimum of 40 days.
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.
Withdrawals
None. You can close the account early or transfer money to another ISA but you would be charged.
More information
Account name
Interest
4.60% AER/gross fixed for the 1 year term.
4.50% AER/gross fixed for the 2 year term.
An extra 0.35% AER/gross for the 1 year term or 0.10% AER/gross for the two year term will be added if you already hold a Bank of Scotland Personal Current Account that has been open for a minimum of 40 days.
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.
Withdrawals
None. You can close the account early but you would be charged.
More information
Account name
Interest
5.50% AER/gross 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 Instant Access Savings Account.
Withdrawals
Unlimited
More information
For a definition of AER, gross and other terms, view our savings glossary.
Tax treatment depends on your individual circumstances and may change. -
Account name
Interest
Minimum opening balance
How long the account stays open for
Withdrawals
More information
Account name
For 11 to 15 year olds who want to save, spend and learn with parental oversight.
As part of Smart Start, the child gets a savings account and a current account.
Interest
3.15% AER/3.11% gross on balances from £1 - £1,000.
1.45% AER/1.44% gross on any excess above £1,000.
Interest on savings account only. Interest is variable and is paid after each month.
Minimum opening balance
£1
How long the account stays open for
After the child’s 18th birthday, the savings account will change to an Instant Access Savings Account and the Spending Account will change to a Classic Account.
Withdrawals
Unlimited
More information
You need a Bank of Scotland current account with Vantage to open this account for your child.
Account name
For adults who want to save for a child aged 15 and under.
Interest
3.15% AER/3.11% gross on balances of £1 - £5,000.
1.45% AER/1.44% 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
More information
Account name
For under 18s who want to save for the future.
Interest
3.15% AER/tax free 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.
More information
For a definition of AER, gross and other terms, view our savings glossary.
Tax treatment depends on your individual circumstances and may change. -
Savings offer steady growth and you can earn variable or fixed interest on the money you put aside. The general rule is to have three months’ worth of living expenses saved up in an instant access savings account so you can cover unexpected costs.
Investments can be another way to help your money grow. We have a range of investments products for you to choose from.
Please remember that the value of all investments can fall as well as rise, and you may get back less than you invest. If you’re not sure about investing, seek financial advice. Tax treatment depends on personal circumstances and may be subject to change.
|
Account name |
Interest |
Minimum opening balance |
How long the account stays open for |
Withdrawals |
More information |
|---|---|---|---|---|---|
Account name |
Interest4.00% AER/3.93% gross variable interest if you make 3 or less withdrawals. 1.35% AER/1.34% gross variable if you make 4 or more withdrawals. Interest is paid monthly. |
Minimum opening balance£1 |
How long the account stays open for1 year. Then your account will change to an Instant Access Savings Account. |
WithdrawalsUnlimited. |
More informationYou need a Bank of Scotland current account with Vantage to open this account.
You can have up to five Advantage Saver accounts. You can name each one to help you save for different things. |
Account name |
Interest4.00% AER/3.93% tax free variable monthly if you make 3 or less withdrawals. 1.35% AER/1.34% tax free variable monthly if you make 4 or more withdrawals. Interest is paid monthly. |
Minimum opening balance£1 |
How long the account stays open for1 year. Then your account will change to an ISA Saver. |
WithdrawalsUnlimited. If you make 4 or more withdrawals, you’ll get a lower interest rate from the month you make the 4th withdrawal until the end of the account year. |
More informationYou need a Bank of Scotland current account with Vantage to open this account. |
Account name |
Interest1.45% AER/tax free on balances from £1 - £9,999. 1.50% AER/tax free on balances from £10,000 - £49,999. 1.80% AER/tax free on balances of £50,000 or more. Interest is variable and paid after a year. Rate applies to the full balance. |
Minimum opening balance£1 |
How long the account stays open for1 year. Then your account will change to an ISA Saver. |
WithdrawalsUnlimited |
More information |
Account name |
Interest1.45% AER/gross on balances from £1 - £9,999. 1.50% AER/gross on balances from £10,000 - £49,999. 1.80% AER/gross on balances of £50,000 or more. Interest is variable and paid after a year. Rate applies to the full balance. |
Minimum opening balance£1 |
How long the account stays open for1 year. Then your account will change to an Instant Access Savings Account. |
WithdrawalsUnlimited |
More informationYou can have up to five Access Saver accounts. You can name each one to help you save for different things. |
Account name |
Interest3.15% AER/3.11% gross on balances from £1 - £1,000. 1.45% AER/1.44% gross on any excess above £1,000. Interest on savings account only. Interest is variable and is paid after each month. |
Minimum opening balance£1 |
How long the account stays open forAfter the child’s 18th birthday, the savings account will change to an Instant Access Savings Account and the Spending Account will change to a Classic Account. |
WithdrawalsUnlimited |
More informationYou need a Bank of Scotland current account with Vantage to open this account for your child. |
For a definition of AER, gross and other terms, view our savings glossary.
Tax treatment depends on your individual circumstances and may change.
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.
Important information
Rates of interest are subject to change. You can check when our rates have changed.