Instant Access Savings Account

Key Features

An instant access savings account with flexible access and a variable rate of 0.50% AER from £1.

If you hold a Halifax or Bank of Scotland current account you could be eligible to receive an additional 0.20% AER on your Instant Access Savings Account. Find out more about Bank of Scotland Exclusives

  • Minimum opening balance - £1
  • No maximum balance
  • Unlimited withdrawals and deposits
  • Manage your savings - by telephone, post, optional cash card or online 24/7

View current rates, summary box and further information before you apply for an Instant Access Savings Account

Current Rates

Variable Interest Rate (AER)

0.50%

0.60%

Balance

£1+

£1 million+

Please note: Rates of interest are subject to change, to check effective dates for all our Savings products please see our Interest Rates section.

We guarantee that our rate will never be lower than 0.50% below Bank of England base rate. And that's a promise until 1 Jan 2012.

View summary box and further information before you apply for an Instant Access Savings Account

Summary Box

Key Product Information Summary Box

Account Name Bank of Scotland Instant Access Savings Account
Interest rates (AERs) Interest rates in more detail  
Tax Status Interest will be paid net of lower rate income tax unless you register your account with us to receive gross interest
Conditions for bonus payment There is no bonus available on this account
 Withdrawal  arrangements

Unlimited withdrawals

Withdraw up to £300 per day by cash mahine with a card
 Access 24/7 telephone, online and cash machine (if applicable) access

View further information or apply for an Instant Access Savings Account

Further Information

Variable interest - this means the rate you earn can go up or down

Interest paid - annually or monthly (at a slightly lower rate).You may tell us the date on which you prefer us to pay your interest into your account. If you do not choose a date we will pay it into your account on the last bank working day of each month (if you choose to have your interest paid monthly) or (if you choose to have your interest paid annually) on the last bank working day in February.

Eligibility - UK resident personal customers aged 11+

Account conditions  (opens as PDF)

We are a member of the Financial Services Compensation Scheme  so our customers' savings are protected (up to £50,000).

Exclusive deal for current account customers

If you are a main current account customer just apply for one of our variable rate savings accounts and we will apply the extra 0.20% AER

Apply for an Instant Access Savings Account

Apply

It only takes a few minutes...

Before you begin make sure you have the following details to hand:

  • Your Bank of Scotland Current Account details (if you are an existing customer)
  • Previous address details if you have lived at your current address for less than 3 years
  • If you are applying for a joint account, please ensure you have the above details for the second applicant, as well as their personal details.

...apply online  Apply now

Alternatively, call us today on 08456 020 304 (lines open 8am-8pm Mon-Fri, 8am-6pm Sat and 9am-5pm Sun) or call into your nearest branch.