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

Our savings accounts range

Account name

Interest

Minimum Opening Balance

How long the account stays open for

Withdrawals

Find out more

Account name

Interest

0.01% 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

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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

1.45% AER/1.44% 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

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Account name

Interest

0.05% 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

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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.

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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 ISA Saver.

Withdrawals

None until the child is 18.

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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.

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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

Find out more

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

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.