Access Saver

Want some savings that you can access when you need to? This flexible account lets you save and withdraw your money when you like.

Who this account is for

  • Ideal for savers who want easy access to their money.
  • You can open this account if you're 16 or over and a UK resident.
  • Wanting a joint account? You can make the account joint once it's opened.

The benefits

  • Earn up to 1.80% AER/gross variable interest. The rate depends on your balance. See summary box for details.
  • You can have up to five Access Saver accounts. You can name each one to help you save for different things.
  • Turn on Save the Change® to save pennies when you spend using your Bank of Scotland debit card.

How it works

  • Open with just £1. Then save as it suits you.
  • Access your savings whenever you like. You can do this through Internet Banking, on the app, in branch, or by phone.

Summary box for the Access Saver

  • 1.45% 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.

    The interest rate is variable. Interest is paid 12 months after you open the account. The rate applies to the full balance.

  • Yes. As this account pays a variable rate of interest it can change over time. We’ll always let you know of any planned changes to the rate. Our terms and conditions (PDF, 182KB) explain when and how we do this. For example, we might review the interest rate if the Bank of England base rate changes.


  • For example, if you deposit £1000.00 when you open the account, the balance after 12 months will be £1014.50.

    If you deposit £10000.00 when you open the account, the balance after 12 months will be £10150.00.

    If you deposit £50000.00 when you open the account, the balance after 12 months will be £50900.00.

    This assumes:

    • You make the deposit on the day you open the account.
    • You don’t pay more money into the account.
    • You don’t withdraw any money.
    • You keep your interest in this account.
    • The interest rate stays the same.
  • This account can be opened and managed:

    • online
    • on our app
    • in branch
    • by phone.

    Bear in mind:

    • You must be 16 or over and resident in the UK.
    • You need to open the account in your sole name but you can make it joint once it's open.
    • Open with just £1. The maximum opening deposit is £9 million.
    • You can have up to five Access Saver accounts and name each one.
  • Yes. You can make as many withdrawals as you like from this account and there are no charges for doing so.

    After 12 months the account will change to an Instant Access Savings Account. Before this happens, we'll contact you to explain your options and next steps.


  • Gross rate means we won’t deduct tax from the interest we pay on money in your account. You will need to pay any tax you may owe to HM Revenue & Customs (HMRC).

    AER stands for Annual Equivalent Rate. Whenever you see an advert for a savings account which shows an interest rate, you will see the AER. This means you can use the AER to compare accounts. It shows what the interest rate would be if your interest was paid and compounded once each year.

    For more definitions, view our savings glossary.


Open an Access Saver today

You should read the summary box and the terms and conditions (PDF, 182KB) before you apply. 

Open an Access Saver

Other ways to apply:

Call us on 0345 602 0304. Lines are open 9am – 6pm Monday – Saturday

Or, book an appointment at your local branch at a time to suit you.

Already have a savings account with us?

If you have got a Bank of Scotland easy access savings account, you can renew it into an Access Saver without the need to open a new account.

Have you thought about investing?

Our investment options could provide a higher return than saving. Choose from our investment accounts.

More about investing

Save the Change®

Save the Change® makes saving so easy, you’ll forget you’re doing it.

Your money is protected by the FSCS

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