Bank of Scotland savings accounts

Savings calculator

Find out how much you need to put away each month to reach your savings target or calculate the future value of your savings. You can also work out how long it will take you to hit your goal. 

Try out our calculator

Compare our range of savings accounts

  • Account name

    Interest

    Minimum opening balance

    How long the account stays open for

    Withdrawals

    Account name

    Interest

    0.20% 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.

    Withdrawals

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

    Account name

    Interest

    0.20% 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.

    Withdrawals

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

    Account name

    Interest

    0.75% 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 Instant Access Savings Account.

    Withdrawals

    Unlimited

    For a definition of AER, gross and other terms, view our savings glossary.
    Tax treatment depends on your individual circumstances and may change.

    Have you thought about investing?

    Our straight-forward options could provide a higher return than saving. Choose from our three ready-made funds and let the experts do the rest.

    More about investing

    3 top monthly prizes of £100,000

    Saved at least £5,000? You could win in one of Halifax's free monthly draws. Read the full rules and details on how to register.

     

    Halifax Savers Prize Draw

  • Account name

    Interest

    Minimum opening balance

    How long the account stays open for

    Withdrawals

    Account name

    Interest

    0.20% 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.

    Withdrawals

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

    Account name

    Interest

    0.01% 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.

    Withdrawals

    Unlimited

    Account name

    Interest

    1.50% 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.

    For a definition of AER, gross and other terms, view our savings glossary.
    Tax treatment depends on your individual circumstances and may change.

    Have you thought about investing?

    Our straight-forward options could provide a higher return than saving. Choose from our three ready-made funds and let the experts do the rest.

    More about investing

    3 top monthly prizes of £100,000

    Saved at least £5,000? You could win in one of Halifax's free monthly draws. Read the full rules and details on how to register.

     

    Halifax Savers Prize Draw

  • Account name

    Interest

    Minimum opening balance

    How long the account stays open for

    Withdrawals

    Account name

    Children's Saver

    For adults who want to save for a child aged 15 and under.

    Interest

    1.00% AER/1.00% gross on balances of £1-£5,000.

    0.01% AER/0.01% 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

    Account name

    Junior Cash ISA

    For under 18s who want to save for the future.

    Interest

    1.50% 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.

    Account name

    Smart Start

    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

    1.00% AER/gross on balances from £1 - £1,000.

    0.01% AER/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

    For a definition of AER, gross and other terms, view our savings glossary.
    Tax treatment depends on your individual circumstances and may change.

    Looking for more?

    View our full range of youth and student accounts.

    Youth and student accounts
  • 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. 

    Investment ISA

    Invest up to £20,000 per tax year and pay no UK tax on profits. You can select between a low, medium or high risk fund. 

    Ready-made Investments

    Stocks and Shares ISA

    Ideal if you’re wanting to pick your own stocks and shares, funds and more. Invest up to £20,000 per tax year and pay no UK tax on profits. 

    Stocks and Shares ISA

    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

Account name

Interest

0.01% 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.

Withdrawals

Unlimited

Account name

Interest

0.01% 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.

Withdrawals

Unlimited

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

Smart Start

As part of Smart Start, the child gets a savings account and a current account.

 

Interest

1.00% AER/gross on balances from £1 - £1,000.

0.01% AER/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

For a definition of AER, gross and other terms, view our savings glossary.
Tax treatment depends on your individual circumstances and may change.

Have you thought about investing?

Our straight-forward options could provide a higher return than saving. Choose from our three ready-made funds and let the experts do the rest.

More about investing

3 top monthly prizes of £100,000

Saved at least £5,000? You could win in one of Halifax's free monthly draws. Read the full rules and details on how to register.

 

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

Important information

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