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Savings accounts
Pick the account that suits you best. We also have investment options for potential growth.
Compare our range of savings accounts
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Account name
Interest
Minimum opening balance
How long the account stays open for
Withdrawals
More information
Account name
Interest
3.95% AER/tax free fixed for the 1-year term.
3.65% AER/tax free fixed for the 2-year term.
An extra 0.05% AER/tax free for the one year term or 0.10% AER/tax free for the two year term will be added if you already have a Bank of Scotland personal current account that has been opened 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 for
Until the end of the fixed term. Then your account will change to an ISA Saver.
Withdrawals
None. You can close the account early or transfer money to another ISA but you would be charged.
More information
Account name
Interest
3.95% AER/gross fixed for the 1-year term.
3.65% AER/gross fixed for the 2-year term.
An extra 0.05% AER/gross for the one year term or 0.10% AER/gross for the two year term will be added if you already have a Bank of Scotland personal current account that has been opened 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 for
Until the end of the fixed term. Then your account will change to an Instant Access Savings Account.
Withdrawals
None. You can close the account early but you would be charged.
More information
Account name
Interest
5.50% AER/gross fixed.
Interest is paid after a year.
Minimum opening balance
£25 to £250 a month
How long the account stays open for
1 year. Then your account will change to an Instant Access Savings Account.
Withdrawals
Unlimited
More information
Account name
Instant Access Savings Account
If you have a Fixed Rate Bond, Access Saver, Monthly Saver or Advantage Saver account with us, it will change into this account at the end of its term.
Interest
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. The rate applies to the full balance. Your interest frequency will stay the same as it was on your previous account.
Minimum opening balance
£1
How long the account stays open for
No end date
Withdrawals
Unlimited
More information
You cannot apply directly for this account
Account name
If you have a Fixed Cash ISA, Access Cash ISA, or Advantage ISA Saver with us, it will change into this account at the end of its term.
Interest
1.15% AER/tax free on balances from £1 - £9,999.
1.25% AER/tax free on balances from £10,000 - £49,999.
1.60% AER/tax free on balances of £50,000 or more.
The interest rate is variable. The rate applies to the full balance. Your interest frequency will stay the same as it was on your previous account.
Minimum opening balance
£1
How long the account stays open for
No end date
Withdrawals
Unlimited
More information
You cannot apply directly for this account
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 name
Interest
3.95% AER/tax free fixed for the 1-year term.
3.65% AER/tax free fixed for the 2-year term.
An extra 0.05% AER/tax free for the one year term or 0.10% AER/tax free for the two year term will be added if you already have a Bank of Scotland personal current account that has been opened 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 for
Until the end of the fixed term. Then your account will change to an ISA Saver.
Withdrawals
None. You can close the account early or transfer money to another ISA but you would be charged.
More information
Account name
Interest
3.70% AER/3.64% tax free variable monthly if you make 3 or less withdrawals
1.05% AER/1.04% 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 for
1 year. Then your account will change to an ISA Saver.
Withdrawals
Unlimited.
After the 4th withdrawal, your interest rate decreases until the end of the account year.
More information
You need a Bank of Scotland current account with Vantage to open this account.
Account name
Interest
1.15% AER/tax free on balances from £1 - £9,999.
1.25% AER/tax free on balances from £10,000 - £49,999.
1.60% AER/tax free on balances of £50,000 or more.
Interest is variable and paid after a year. The rate applies to the full balance.
Minimum opening balance
£1
How long the account stays open for
1 year. Then your account will change to an ISA Saver.
Withdrawals
Unlimited
More information
Account name
Interest
2.85% AER/tax free variable.
Interest is paid after each year.
Minimum opening balance
£1
How long the account stays open for
Until the child's 18th birthday. Then the account will change to an adult Access Cash ISA.
Withdrawals
None until the child is 18.
More information
Account name
If you have a Fixed Cash ISA, Access Cash ISA, or Advantage ISA Saver with us, it will change into this account at the end of its term.
Interest
1.15% AER/tax free on balances from £1 - £9,999.
1.25% AER/tax free on balances from £10,000 - £49,999.
1.60% AER/tax free on balances of £50,000 or more.
The interest rate is variable. The rate applies to the full balance. Your interest frequency will stay the same as it was on your previous account.
Minimum opening balance
£1
How long the account stays open for
No end date
Withdrawals
Unlimited
More information
You can't apply directly for this account
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 name
For 11 to 15 year olds who want to save, spend and learn with parental oversight.
As part of Smart Start, the child gets a savings account and a current account.
Interest
2.85% AER/2.81% gross on balances from £1 - £1,000.
1.15% AER/1.14% 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 for
After the child’s 18th birthday, the savings account will change to an Access Saver and the Spending Account will change to a Classic Account.
Withdrawals
Unlimited
More information
You need a Bank of Scotland current account with Vantage to open this account for your child.
Account name
For adults who want to save for a child aged 15 and under.
Interest
2.85% AER/2.81% gross on balances of £1 - £5,000.
1.15% AER/1.14% gross on any excess above £5,000.
Interest is paid monthly and is variable.
Minimum opening balance
£1
How long the account stays open for
Until the child's 16th birthday. Then the account will change to an adult Access Saver.
Withdrawals
Unlimited
More information
Account name
For under 18s who want to save for the future.
Interest
2.85% AER/tax free variable.
Interest is paid after each year.
Minimum opening balance
£1
How long the account stays open for
Until the child's 18th birthday. Then the account will change to an adult Access Cash ISA.
Withdrawals
None until the child is 18.
More information
Account name
Instant Access Savings Account
If you have a Fixed Rate Bond, Access Saver, Monthly Saver or Advantage Saver account with us, it will change into this account at the end of its term.
Interest
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. The rate applies to the full balance. Your interest frequency will stay the same as it was on your previous account.
Minimum opening balance
£1
How long the account stays open for
No end date
Withdrawals
Unlimited
More information
You can't apply directly for this account
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 investment 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 name |
Interest 3.70% AER/3.64% gross variable interest if you make 3 or less withdrawals. 1.05% AER/1.04% gross variable if you make 4 or more withdrawals. Interest is paid monthly. |
Minimum opening balance £1 |
How long the account stays open for 1 year. Then your account will change to an Instant Access Savings Account. |
Withdrawals Unlimited. |
More information You 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 name |
Interest 3.70% AER/3.64% tax free variable monthly if you make 3 or less withdrawals. 1.05% AER/1.04% 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 for 1 year. Then your account will change to an ISA Saver. |
Withdrawals Unlimited. After the 4th withdrawal, your interest rate decreases until the end of the account year. |
More information You need a Bank of Scotland current account with Vantage to open this account. |
|
Account name |
Interest 1.15% AER/tax free on balances from £1 - £9,999. 1.25% AER/tax free on balances from £10,000 - £49,999. 1.60% AER/tax free on balances of £50,000 or more. Interest is variable and paid after a year. The rate applies to the full balance. |
Minimum opening balance £1 |
How long the account stays open for 1 year. Then your account will change to an ISA Saver. |
Withdrawals Unlimited |
More information |
|
Account name If you have a Smart Start savings account with us, it will change into this account at the end of its term. |
Interest 1.15% AER/gross on balances from £1 - £9,999. 1.25% AER/gross on balances from £10,000 - £49,999. 1.60% AER/gross on balances of £50,000 or more. Interest is variable and paid after a year. The rate applies to the full balance. |
Minimum opening balance £1 |
How long the account stays open for 1 year. Then your account will change to an Instant Access Savings Account. |
Withdrawals Unlimited |
More information You can have up to five Access Saver accounts. You can name each one to help you save for different things. |
|
Account name |
Interest 2.85% AER/2.81% gross on balances from £1 - £1,000. 1.15% AER/1.14% 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 for After the child’s 18th birthday, the savings account will change to an Access Saver account and the Spending Account will change to a Classic Account. |
Withdrawals Unlimited |
More information You need a Bank of Scotland current account with Vantage to open this account for your child. |
|
Account name Instant Access Savings Account If you have a Fixed Rate Bond, Access Saver, Monthly Saver or Advantage Saver account with us, it will change into this account at the end of its term. |
Interest 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. The rate applies to the full balance. Your interest frequency will stay the same as it was on your previous account. |
Minimum opening balance £1 |
How long the account stays open for No end date |
Withdrawals Unlimited |
More information You can’t apply directly for this account |
|
Account name If you have a Fixed Cash ISA, Access Cash ISA, or Advantage ISA Saver with us, it will change into this account at the end of its term. |
Interest 1.15% AER/tax free on balances from £1 - £9,999. 1.25% AER/tax free on balances from £10,000 - £49,999. 1.60% AER/tax free on balances of £50,000 or more. The interest rate is variable. The rate applies to the full balance. Your interest frequency will stay the same as it was on your previous account. |
Minimum opening balance £1 |
How long the account stays open for No end date |
Withdrawals Unlimited |
More information You can’t apply directly for this account |
For a definition of AER, gross and other terms, view our savings glossary.
Tax treatment depends on your individual circumstances and may change.
Your money is protected
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.
Important information
Rates of interest are subject to change. You can check when our rates have changed.