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Monthly Saver
Looking to get into the savings habit? If you're a Bank of Scotland current account holder, the Monthly Saver could be the perfect option.
Start saving from £25 to £250 each month, and get a fixed rate of interest for a year.
Current rates & key features
|
Balance |
Interest rates (gross/AER fixed) effective from 0.00am on 15th December 2011 |
|---|---|
|
£25+ |
3.25% gross/AER |
- You can be flexible - save any amount from £25 to £250 each month by standing order, limited to one payment per month
- Customers must hold a Bank of Scotland current account
- Instant access to your money with no withdrawal charges
- No restriction on withdrawals to your current account, although withdrawn funds cannot be replaced
- Interest is paid annually
- Carry on saving - at the end of the 12 month term your account will convert to a variable rate Access Saver account without bonus
- Manage your account online, over the phone and in branch.
Apply online for a Monthly Saver
Summary box
| Account name | Monthly Saver |
|---|---|
| Interest rates (AERs) | Fixed rate. View current rate |
| Tax status | Interest is paid net of income tax (currently 20%) unless you register your account with us to receive gross interest. |
| Conditions for bonus payment | Not applicable |
| Withdrawal arrangements | Customers can make withdrawals to their current account, although they can only pay in once a month by standing order and cannot replace what they have withdrawn |
| Access | Online, telephone & branch |
Apply online for a Monthly Saver
Additional information
- Interest - fixed rate for 12 months, calculated daily, paid annually on anniversary of account opening
- Eligibility - UK resident Bank of Scotland current account holder. If you are a non-UK resident and wish to find out about the savings products that may be available to you, please call the International Banking team on 0800 876 6555 (or +44 207 451 6212 if calling from abroad). Lines are open Mon-Fri 8am - 6pm and Sat 9:30am - 1.30pm UK local time.
- Maturity - At the end of the 12 month term the account converts into an easy access savings account, currently Access Saver. We will write to you before and advise you of the new account. If you want to continue saving in a Monthly Saver a new account will need to be opened.
- Account conditions (opens as PDF)
- We are a member of the Financial Services Compensation Scheme so our customers' savings are protected (up to £85,000).
Apply online for a Monthly Saver
Please note: Rates of interest are subject to change, to check effective dates for
all our Savings products please see our Interest Rates section.
For a definition of AER, Gross and other terms please view our savings glossary.