Go paper-free
Amend paper-free preferences for your statements and correspondence.
Want some savings that you can access when you need to? This flexible account lets you save and withdraw your money when you like.
1.30% AER/gross on balances from £1 - £9,999.
1.35% 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 £1013.00.
If you deposit £10000.00 when you open the account, the balance after 12 months will be £10135.00.
If you deposit £50000.00 when you open the account, the balance after 12 months will be £50900.00.
This assumes:
This account can be opened and managed:
If you have a Smart Start savings account with us, it will change into this account at the end of its term.
Bear in mind:
Yes. You can withdraw from this account as often as you’d like, and there are no charges.
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.
If you’d prefer to speak to someone, give us a call or visit your nearest branch.
Existing Bank of Scotland easy access savings accounts can be renewed into an Access Saver without opening a new account