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Our savings account range.
As an alternative to savings, we have included some investment options that you may also like to consider.
Account name |
Interest |
Minimum opening balance |
How long the account stays open for |
Withdrawals |
More information |
---|---|---|---|---|---|
Account nameLock your money away for up to two years. It pays you a fixed rate of tax-free interest. |
Interest4.60% 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 forUntil the end of the fixed term. Then your account will change to an ISA Saver. |
WithdrawalsNone. You can close the account early or transfer money to another ISA but you would be charged. |
More information |
Account nameA fixed interest rate account for savers who are happy to put away their money for up to two years. |
Interest4.60% 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 forUntil the end of the fixed term. Then your account will change to an Instant Access Savings Account. |
WithdrawalsNone. You can close the account early but you would be charged. |
More information |
Account nameWatch your savings grow with fixed interest. |
Interest5.50% AER/gross fixed. Interest is paid after a year. |
Minimum opening balance£25 to £250 a month |
How long the account stays open for1 year. Then your account will change to an Instant Access Savings Account. |
WithdrawalsUnlimited |
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.
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 namePays more interest if you make fewer withdrawals. Save tax free and access your money easily. |
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. |
More informationYou need a Bank of Scotland current account with Vantage to open this account. |
Account nameLock your money away for up to two years. It pays you a fixed rate of tax-free interest. |
Interest4.60% 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 forUntil the end of the fixed term. Then your account will change to an ISA Saver. |
WithdrawalsNone. You can close the account early or transfer money to another ISA but you would be charged. |
More information |
Account nameLock your money away for up to two years. It pays you a fixed rate of tax-free interest. |
Interest1.45% tax free/AER on balances from £1 - £9,999. 1.50% tax free/AER on balances from £10,000 - £49,999. 1.80% tax free/AER 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 nameA tax free children's savings account. |
Interest3.15% tax free/AER variable. Interest is paid after each year. |
Minimum opening balance£1 |
How long the account stays open forUntil the child's 18th birthday. Then the account will change to an adult Access Cash ISA. |
WithdrawalsNone 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 nameFor 11 to 15 year olds who want to save, spend and learn with parental oversight. |
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. |
Account nameFor adults who want to save for a child aged 15 and under. |
Interest3.15% 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 forUntil the child's 16th birthday. Then the account will change to an adult Access Saver. |
WithdrawalsUnlimited |
More information |
Account nameFor under 18s who want to save for the future. |
Interest3.15% AER/tax free variable. Interest is paid after each year. |
Minimum opening balance£1 |
How long the account stays open forUntil the child's 18th birthday. Then the account will change to an adult Access Cash ISA. |
WithdrawalsNone 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 namePays more interest if you make fewer withdrawals. Save tax free and access your money easily. |
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. |
More informationYou need a Bank of Scotland current account with Vantage to open this account. |
Account nameSave tax free and access your money easily. |
Interest1.45% tax free/AER on balances from £1 - £9,999. 1.50% tax free/AER on balances from £10,000 - £49,999. 1.80% tax free/AER 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 namePays a higher interest rate for making fewer withdrawals. |
Interest4.00% AER/3.93% gross variable 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 nameThis flexible account lets you save and withdraw your money when you like. |
Interest1.45% gross/AER on balances from £1 - £9,999. 1.50% gross/AER on balances from £10,000 - £49,999. 1.80% gross/AER 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 nameFor 11 to 15 year olds who want to save, spend and learn with parental oversight. |
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.
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.
Rates of interest are subject to change. You can check when our rates have changed.