Bank of Scotland savings accounts
Bank of Scotland offers a broad range of savings accounts with interest rates up to 5.5%.

Bank of Scotland offers a range of options for various types of savers.
Bank of Scotland's top savings rate of 3.9% is available on one of its cash ISA accounts.
We currently don't have that product, but here are others to consider:
How we picked theseWe currently don't have that product, but here are others to consider:
How we picked theseWe currently don't have that product, but here are others to consider:
How we picked theseThe 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 | Cash isas, fixed-rate bonds, business |
---|---|
Best cash ISA rate | 3.9% |
Best fixed-rate bond rate | 3.6% |
Best business savings account rate | 2.87% |
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.
The bank does have a physical high street presence but not outside Scotland.
The Bank of Scotland offers the Current Account Switch Service, so you should be able to completely move your current account within 7 working days.
This includes transferring your salary, direct debits and standing orders. It even closes your old account for you.
Firstly, you need to decide what you’re looking for in a savings account. Are you looking to save little and often, and do you need access to your cash? Or do you have a lump sum you could lock away for a year or more?
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 | |
---|---|
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.
All user-submitted reviews must meet our review guidelines. These set out our standards and expectations, including that the review is from by a genuine user of the relevant product or service and that it is honest, authentic and respectful. We explicitly prohibit fake or otherwise misleading reviews and we check all submissions, but we make no guarantee as to the authenticity of any published review or reviewer. Some reviews may be submitted (regardless of sentiment) in exchange for entry into any competition(s) for which we are the promoter.
Revolut now offers savings accounts to its customers, known as Savings Vaults. You can get interest of paid daily, but the rate depends on which level of account you have. Find out whether Savings Vaults are a good option for your spare cash.
Get into the savings habit with the NatWest Digital Regular Saver account.
Discover more about Starling Bank’s savings range, including its newly launched 1-Year Fixed Saver and its popular Savings Spaces.
Discover more about the Chase Saver account, including how the boosted rate works and whether it’s worth it.
Find out how the Active Savings product from Hargreaves Lansdown works and how you can use it to manage several savings accounts in one place.
Whatever you’re saving for, find the right Halifax savings account for you. Our detailed guide walks you through which of Halifax’s savings accounts is for you.
Goldman Sachs has launched its savings bank Marcus in the UK. Our review covers the features of its easy-access savings account vs the competition.
An overview of the savings accounts on offer from first direct. Whether you’re looking to save big or small, take a look at first direct’s savings options.
Find out more about the breakdown specialists, and see if they can provide you with the right savings account.
A cash ISA is a savings account where you never pay tax on the interest. Use our comparison table to find the best ISA rates – whether you want to lock cash in for a set time or keep it easy access.