Bank of Scotland savings accounts
Bank of Scotland offers a broad range of savings accounts with interest rates up to 5.5%.
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Bank of Scotland offers a range of options for various types of savers.
Bank of Scotland's top savings rate of 5.5% is available on its regular savings account.
The best savings account depends on what you want from your savings. If you're after fast access to your money, then an easy-access account should suit you. However, if you're happy to lock your money away for a time to access a higher rate, then a fixed-rate bond is a good option.
Finally, if you're looking to maximise your returns and shield them from income tax, consider an ISA. Below, we've listed the different types of accounts Bank of Scotland offers, plus the highest interest rate currently available.
Savings account types include | Easy access, cash ISAs, fixed-rate bonds, regular savers, business |
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Best easy access rate | 4% |
Best cash ISA rate | 4.5% |
Best fixed-rate bond rate | 4.5% |
Best regular saver rate | 5.5% |
Best business savings account rate | 4.37% |
Fixed bond terms | 1 year - 2 years |
Opening options | Branch, website, mobile app, telephone |
FSCS protection |
You can open and manage your accounts online with Bank of Scotland. You can see how much interest your savings are earning in its mobile app too.
It does have a physical high street presence but not really outside of Scotland. It doesn’t have branches in London, Manchester, Leeds or Liverpool for instance.
The Bank of Scotland offers the Current Account Switch Service, so you should be able to completely move your current account within seven working days.
This includes transferring your salary, direct debits and standing orders. It even closes your old account.
Firstly, you need to decide what you’re looking for in a savings account. How often are you planning to draw out money? How much money can you afford to save each month?
You need to work out what you need before comparing the different offers available for certain types of savings accounts. Once you have done that, it’s useful to look at:
Email support | |
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Telephone support | |
In-app or live chat | |
Contact form | |
Branch support |
Whether you want to lock away your money for a fixed amount of time, or need to be able to access it whenever required, Bank of Scotland offers a range of savings accounts and other options to help you manage your money.
Don’t forget to check our other reviews first, though, to see how Bank of Scotland savings accounts weigh up against the competition in terms of rates, fees and perks.
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