Yes. You can make as many withdrawals as you like from this account and there are no charges for doing so.
You will get a higher rate of interest if you make 3 or less withdrawals in the twelve months from opening. If you make 4 or more withdrawals, you’ll get a lower interest rate from the month you make the fourth withdrawal until the end of the account year.
Closing your account counts as a withdrawal.
If making an online transfer, it can only be made to an existing Bank of Scotland current account.
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.