Bank of Scotland

Bank of Scotland is one of the oldest banks in the UK, with a history dating back to 1695. It has been a subsidiary of Lloyds Banking Group since 2009. 

Lloyds Banking Group is listed on the London Stock Exchange and is a member of the FTSE 100.

As well as the Lloyds and Bank of Scotland brands, the group also owns Halifax, MBNA, Scottish Widows and Birmingham Midshires.

Bank of Scotland offers a comprehensive range of banking and insurance products. You can open a current account or savings account and take out a mortgage or personal loan. It also offers credit cards and several insurance products. 

Bank of Scotland
Visit provider's website

We don't get paid for any links on our site.

Gold ribbon: first place

Bank accounts

Ranked 8th of 31 providers reviewed.

Customer happiness 63.42%
Customer trust 61.95%
Complaints performance 71.47%
Transparency rating 75.13%
Fairer Finance score
Reviewed Spring 2023
68%
Gold ribbon: first place

Breakdown Cover

Ranked 12th of 27 providers reviewed.

Customer happiness 51.69%
Customer trust 61.24%
Complaints performance 70.35%
Transparency rating 71.55%
Fairer Finance score
Reviewed Spring 2023
64%
Gold ribbon: first place

Car insurance

Ranked 7th of 53 providers reviewed.

Customer happiness 70.4%
Customer trust 70.15%
Complaints performance 75.28%
Transparency rating 70.34%
Fairer Finance score
Reviewed Spring 2023
72%
Gold ribbon: first place

Credit cards

Ranked 2nd of 31 providers reviewed.

Customer happiness 60.75%
Customer trust 62.86%
Complaints performance 71.77%
Transparency rating 75.02%
Fairer Finance score
Reviewed Spring 2023
68%

Home emergency cover

Ranked 18th of 28 providers reviewed.

Customer happiness 41.24%
Customer trust 55.84%
Complaints performance 78.69%
Transparency rating 76.34%
Fairer Finance score
Reviewed Spring 2023
63%
Gold ribbon: first place

Home insurance (building and contents)

Ranked 6th of 48 providers reviewed.

Customer happiness 68.17%
Customer trust 62.5%
Complaints performance 72.97%
Transparency rating 76.95%
Fairer Finance score
Reviewed Spring 2023
70%
Gold ribbon: first place

Investing and pensions

Ranked 1st of 24 providers reviewed.

Customer happiness 65.38%
Customer trust 63.46%
Complaints performance 88.56%
Transparency rating 80.41%
Fairer Finance score
Reviewed Spring 2023
74%

Mortgages

Ranked 11th of 23 providers reviewed.

Customer happiness 59.01%
Customer trust 59.01%
Complaints performance 78.47%
Transparency rating 54.92%
Fairer Finance score
Reviewed Spring 2023
63%
Gold ribbon: first place

Personal loans

Ranked 9th of 26 providers reviewed.

Customer happiness 54.21%
Customer trust 57.63%
Complaints performance 71.47%
Transparency rating 71.04%
Fairer Finance score
Reviewed Spring 2023
64%
Gold ribbon: first place

Savings Accounts

Ranked 20th of 53 providers reviewed.

Customer happiness 57.14%
Customer trust 63.58%
Complaints performance 71.47%
Transparency rating 76.27%
Fairer Finance score
Reviewed Spring 2023
67%

Bank accounts

Basic bank accounts

Bank of Scotland

Basic Account

4 stars
Cash withdrawal fee in UK (own bank) i £0.00
Annual fee i £0.00
Part of FSCS i
Faster Payment limit i £50,000.00
Maximum cash machine withdrawal per day i £500.00
Can you use your card to pay for items overseas? i

Current accounts

Bank of Scotland

Classic Account

3 stars
Annual fee i £0.00
Maximum cash machine withdrawal per day i £500.00
Part of FSCS i
Cash withdrawal fee in UK (own bank) i £0.00
Card payment fee (£) i £0.00
App capability? i

Bank of Scotland

Classic Account with Vantage

3 stars
Annual fee i £0.00
Maximum cash machine withdrawal per day i £500.00
Part of FSCS i
Cash withdrawal fee in UK (own bank) i £0.00
Card payment fee (£) i £0.00
App capability? i

Foreign use bank accounts

Bank of Scotland

Basic Account

1 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £1.50
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i No free cash withdrawals

Bank of Scotland

Silver Account

1 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £1.50
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i No free cash withdrawals

Bank of Scotland

Silver Account (Inside Europe)

1 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £0.00
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i No free cash withdrawals

Bank of Scotland

Student Account (Inside Europe)

1 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £0.00
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i No free cash withdrawals

Bank of Scotland

Basic Account (Inside Europe)

1 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £0.00
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i No free cash withdrawals

Bank of Scotland

Classic Account

1 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £1.50
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i No free cash withdrawals

Bank of Scotland

Platinum Account (Inside Europe)

1 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £0.00
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i No free cash withdrawals

Bank of Scotland

Platinum Account

1 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £1.50
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i No free cash withdrawals

Bank of Scotland

Graduate Account

1 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £1.50
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i No free cash withdrawals

Bank of Scotland

Graduate Account (Inside Europe)

1 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £0.00
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i No free cash withdrawals

Bank of Scotland

Student Account

1 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £1.50
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i No free cash withdrawals

Bank of Scotland

Classic Account (Inside Europe)

1 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £0.00
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i No free cash withdrawals

Overdrafts

Bank of Scotland

Platinum Account

2 stars
Risk based overdraft? i
Arranged overdraft interest free amount i £50.00
Arranged overdraft interest rate (representative EAR) i 39.9%

Bank of Scotland

Platinum Account with vantage

2 stars
Risk based overdraft? i
Arranged overdraft interest free amount i £50.00
Arranged overdraft interest rate (representative EAR) i 39.9%

Bank of Scotland

Silver Account

2 stars
Risk based overdraft? i
Arranged overdraft interest free amount i £50.00
Arranged overdraft interest rate (representative EAR) i 39.9%

Bank of Scotland

Silver Account with vantage

2 stars
Risk based overdraft? i
Arranged overdraft interest free amount i £50.00
Arranged overdraft interest rate (representative EAR) i 39.9%

Bank of Scotland

Classic Account

1 stars
Risk based overdraft? i
Arranged overdraft interest free amount i £0.00
Arranged overdraft interest rate (representative EAR) i 39.9%

Bank of Scotland

Classic Account with Vantage

1 stars
Risk based overdraft? i
Arranged overdraft interest free amount i £0.00
Arranged overdraft interest rate (representative EAR) i 39.9%

Premium bank accounts

Bank of Scotland

Silver Account

4 stars
Add-ons, cashback and rewards i European and UK family travel insurance from AWP Assistance UK Ltd, AA Breakdown Family Cover and Mobile Phone Insurance.
Part of FSCS or international equivalent i

Bank of Scotland

Silver Account with vantage

4 stars
Add-ons, cashback and rewards i European and UK Family Travel Insurance from AWP Assistance UK Ltd, AA family breakdown cover (UK), mobile phone insurance from LSG
Part of FSCS or international equivalent i

Bank of Scotland

Platinum Account with vantage

4 stars
Add-ons, cashback and rewards i Worldwide AWP Assistance UK travel insurance (including winter sports) for holder & family, AA family breakdown cover (UK), mobile phone insurance from LSG
Part of FSCS or international equivalent i

Bank of Scotland

Platinum Account

3 stars
Add-ons, cashback and rewards i Worldwide AWP Assistance UK travel insurance (including winter sports) for holder & family, AA family breakdown cover (UK), mobile phone insurance from LSG
Part of FSCS or international equivalent i

Student bank accounts

Bank of Scotland

Graduate Account

4 stars
Arranged overdraft limit i £2,000.00
Tiered repayment of overdraft i
Switching / sign up incentive i

Bank of Scotland

Student Account

4 stars
Arranged overdraft limit i £2,000.00
Tiered repayment of overdraft i
Switching / sign up incentive i

Business Credit Cards

Everyday Business Credit Cards

Bank of Scotland

Business Credit Card Mastercard

1 stars
Representative APR i 22.4%
Annual fee in first year i £32.00
Using card in Europe charge i 2.95%
Using card worldwide charge i 2.95%

Foreign Use Business Credit Cards

Bank of Scotland

Business Credit Card Mastercard

3 stars
Using card in Europe charge i 2.95%
Using card worldwide charge i 2.95%
Annual fee in first year i £32.00
Representative APR i 22.4%
Rewards i

Car insurance

Bank of Scotland

Car Insurance (with guaranteed replacement car, keycare and RAC Breakdown)

3 stars
Cover limit for lost keys i £1,000.00
Courtesy car for duration of repair i
Uninsured driver promise i
Cover for replacing original audio/visual equipment i Unlimited
Windscreen repair excess i £25.00
Windscreen replacement excess i £100.00
Repairs guarantee (years) i 3 years
New car replacement i
Cover limit for stolen keys i £1,000.00
24hr helpline available i
Courtesy car provided if stolen / total loss i
Vandalism i

Bank of Scotland

Car Insurance

2 stars
Cover limit for lost keys i £0.00
Courtesy car for duration of repair i
Uninsured driver promise i
Cover for replacing original audio/visual equipment i Unlimited
Windscreen repair excess i £25.00
Windscreen replacement excess i £100.00
Repairs guarantee (years) i 3 years
New car replacement i
Cover limit for stolen keys i £500.00
24hr helpline available i
Courtesy car provided if stolen / total loss i
Vandalism i

Children's Accounts

Children's Bank Accounts

Bank of Scotland

Under 19s account

Minimum Age i 11
Interest Rate (AER) First Tier i 0.5%
Maximum Balance First Tier of Interest Covers i £999.99
Maximum Age i 17
Interest Rate (AER) Second Tier i
Maximum Balance Second Tier of Interest Covers i
Interest Rate (AER) Third Tier i
Maximum Balance Third Tier of Interest Covers i
Maximum Cash Withdrawal i £100.00
Ability to freeze or report a card lost via app? i
Rewards i
Additional information i
Cash Transaction Fee i 0%
Cash Withdrawal Fee i £0.00
Card Delivery Fee i £0.00
Replacement Card Fee i £0.00
Foreign Cash Withdrawal Fee i £1.50
Foreign Transaction Fee i 2.99%

Children's Savings Accounts

Bank of Scotland

Children's Saver

Account Type i Easy Access
Interest Rate (AER) i 3.15%
Minimum Opening Balance i £1.00
Maximum Balance i £9,000,000.00
Notice Period i
Fixed Term Length i
Minimum Age to Open Account i 0
Maximum Age i 15
Withdrawal Penalty i
Part of FSCS i
Sharia Account i
Additional Opening Criteria i The adult must have an account with the Bank of Scotland.
Additional Information i Reverts into Access Saver account on child's 16th birthday.
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i

Bank of Scotland

Smart Savings Account

Account Type i Easy Access
Interest Rate (AER) i 3.15%
Minimum Opening Balance i £1.00
Maximum Balance i £0.00
Notice Period i
Fixed Term Length i
Minimum Age to Open Account i 11
Maximum Age i 15
Withdrawal Penalty i
Part of FSCS i
Sharia Account i
Additional Opening Criteria i The eligible adult must hold a Bank of Scotland current account with Vantage and a Children's Saver for the child. The adult must also apply for Smart Start together with the child.
Additional Information i Opened as part of Smart Start application alongside a Spending Account. Only adults 18 or over with child between 11 and 15 years old who have a Bank of Scotland current account with Vantage and an existing Children's Saver account for the child can apply for Smart Start. Reverts to Instant Access Savings Account before child's 19th birthday.
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i

Credit cards

0% balance transfer credit cards

Bank of Scotland

Low Fee 0% Balance Transfer

3 stars
Duration of 0% balance transfer offer period i 22 or 14 months
Balance transfer fee during promotional period i 1.99% or 3.49%
Representative APR i 22.9%
Balance transfer rate during promotional period i 0%
Highest balance transfer fee during promotional period (%) i 3.49%
Representative balance transfer rate i 1.736%
Risk based? i

Bank of Scotland

0% Purchase and Balance Transfer

3 stars
Duration of 0% balance transfer offer period i 17 or 12 months
Balance transfer fee during promotional period i 2.99% or 3.49%
Representative APR i 22.9%
Balance transfer rate during promotional period i 0%
Highest balance transfer fee during promotional period (%) i 3.49%
Representative balance transfer rate i 1.736%
Risk based? i

0% purchase credit cards

Bank of Scotland

0% Purchase and Balance Transfer

4 stars
Duration of purchases offer period i 17 or 12 months
Representative APR i 22.9%
Highest APR i 28.9%
Purchase rate during promotional period i 0%
Representative purchase rate i 1.736%
Number of days before interest is charged on purchases i 56 days
Risk based? i

Bank of Scotland

Low Fee 0% Balance Transfer

3 stars
Duration of purchases offer period i 6 months
Representative APR i 22.9%
Highest APR i 28.9%
Purchase rate during promotional period i 0%
Representative purchase rate i 1.736%
Number of days before interest is charged on purchases i 56 days
Risk based? i

Foreign use credit cards

Bank of Scotland

Low Fee 0% Balance Transfer

1 stars
Foreign purchase fee i 2.95%
Foreign withdrawal fee i 5%
Representative APR i 22.9%
Number of days before interest is charged on non-sterling cash transactions i 0 days
Risk based? i
Representative purchase rate i 1.736%

Bank of Scotland

0% Purchase and Balance Transfer

1 stars
Foreign purchase fee i 2.95%
Foreign withdrawal fee i 5%
Representative APR i 22.9%
Number of days before interest is charged on non-sterling cash transactions i 0 days
Risk based? i
Representative purchase rate i 1.736%

Bank of Scotland

Bank of Scotland Credit Card

1 stars
Foreign purchase fee i 2.95%
Foreign withdrawal fee i 5%
Representative APR i 10.9%
Number of days before interest is charged on non-sterling cash transactions i 0 days
Risk based? i
Representative purchase rate i 0.869%

Low rate credit cards

Bank of Scotland

Bank of Scotland Credit Card

3 stars
Representative APR i 10.9%
Highest APR i 17.9%
Representative purchase rate i 0.869%
Risk based? i
Representative balance transfer rate i 0.869%
Representative money transfer rate i 0.869%

Money transfer credit cards

Bank of Scotland

Low Fee 0% Balance Transfer

1 stars
Money transfer rate during promotional period i
Duration of money transfer offer period i
Money transfer fee during promotional period i
Representative APR i 22.9%
Risk based? i
Representative cash transaction interest rate i 1.736%

Bank of Scotland

0% Purchase and Balance Transfer

1 stars
Money transfer rate during promotional period i
Duration of money transfer offer period i
Money transfer fee during promotional period i
Representative APR i 22.9%
Risk based? i
Representative cash transaction interest rate i 1.736%

Bank of Scotland

Bank of Scotland Credit Card

1 stars
Money transfer rate during promotional period i
Duration of money transfer offer period i
Money transfer fee during promotional period i
Representative APR i 10.9%
Risk based? i
Representative cash transaction interest rate i 0.869%

Home emergency cover

Bank of Scotland

Home Emergency Cover (Select)

4 stars
Home Security Cover i
Home Emergency Cover limit i £1,000.00
Internal plumbing and drainage i
Primary Heating System i
Boiler breakdown cover
Annual boiler service i
Internal gas supply pipe cover i
Pest infestation cover i
Domestic Power supply covered? i
Cover Type i Add-On
Alternative Accommodation Cover i £250.00
Unoccupied period i 60
Claims limit i Unlimited

Home insurance (building and contents)

Bank of Scotland

Bank of Scotland Insurance Bronze

4 stars
Alternative accommodation cover limit for buildings i £100,000.00
Matching sets (contents) i 50% of the cost of replacing the undamaged parts
Theft from outbuildings cover limit i £5,000.00
Escape of water excess i £500.00
Alternative accommodation cover limit for contents i £25,000.00
Keys/locks if lost or stolen (Buildings) i Sum insured
Money in the home i £500.00
Replace belongings new for old i
Trace and access i £5,000.00
Escape of water excess (Minimum) i £500.00
Contents compulsory excess i £100.00
Additional flood excess i £0.00
Liability as a tenant i £10,000.00
Liability to domestic employees i £10,000,000.00
Property owner liability i £2,000,000.00
Buildings cover limit (Maximum) i Unlimited
Contents cover limit (Maximum) i £50,000.00
Cancellation fee after 14 days i £0.00
Cancellation fee before 14 days £0.00
Visitor's possessions Sum insured
Office equipment £0.00

Bank of Scotland

Bank of Scotland Insurance Silver

4 stars
Alternative accommodation cover limit for buildings i £100,000.00
Matching sets (contents) i 50% of the cost of replacing the undamaged parts
Theft from outbuildings cover limit i £5,000.00
Escape of water excess i £500.00
Alternative accommodation cover limit for contents i £25,000.00
Keys/locks if lost or stolen (Buildings) i Sum insured
Money in the home i £500.00
Replace belongings new for old i
Trace and access i £5,000.00
Escape of water excess (Minimum) i £500.00
Contents compulsory excess i £100.00
Additional flood excess i £0.00
Liability as a tenant i £10,000.00
Liability to domestic employees i £10,000,000.00
Property owner liability i £2,000,000.00
Buildings cover limit (Maximum) i Unlimited
Contents cover limit (Maximum) i £100,000.00
Cancellation fee after 14 days i £0.00
Cancellation fee before 14 days £0.00
Visitor's possessions Sum insured
Office equipment £0.00

Bank of Scotland

Bank of Scotland Insurance Gold

4 stars
Alternative accommodation cover limit for buildings i £100,000.00
Matching sets (contents) i 50% of the cost of replacing the undamaged parts
Theft from outbuildings cover limit i £5,000.00
Escape of water excess i £500.00
Alternative accommodation cover limit for contents i £25,000.00
Keys/locks if lost or stolen (Buildings) i Sum insured
Money in the home i £500.00
Replace belongings new for old i
Trace and access i £5,000.00
Escape of water excess (Minimum) i £500.00
Contents compulsory excess i £100.00
Additional flood excess i £0.00
Liability as a tenant i £10,000.00
Liability to domestic employees i £10,000,000.00
Property owner liability i £2,000,000.00
Buildings cover limit (Maximum) i Unlimited
Contents cover limit (Maximum) i £250,000.00
Cancellation fee after 14 days i £0.00
Cancellation fee before 14 days £0.00
Visitor's possessions Sum insured
Office equipment £0.00

Buildings insurance

Bank of Scotland

Bank of Scotland Insurance Bronze

3 stars
Matching sets (Buildings) i 50% of the cost of replacing the undamaged parts
Escape of water (plus compulsory excess) i £500.00
Buildings compulsory excess i £100.00
Escape of water excess i £500.00
Unoccupied period i 60
24hr helpline i
Cancellation fee after 14 days i £0.00
Amendment fee (telephone) i £0.00
Property owner liability i £2,000,000.00

Bank of Scotland

Bank of Scotland Insurance Silver

3 stars
Matching sets (Buildings) i 50% of the cost of replacing the undamaged parts
Escape of water (plus compulsory excess) i £500.00
Buildings compulsory excess i £100.00
Escape of water excess i £500.00
Unoccupied period i 60
24hr helpline i
Cancellation fee after 14 days i £0.00
Amendment fee (telephone) i £0.00
Property owner liability i £2,000,000.00

Bank of Scotland

Bank of Scotland Insurance Gold

3 stars
Matching sets (Buildings) i 50% of the cost of replacing the undamaged parts
Escape of water (plus compulsory excess) i £500.00
Buildings compulsory excess i £100.00
Escape of water excess i £500.00
Unoccupied period i 60
24hr helpline i
Cancellation fee after 14 days i £0.00
Amendment fee (telephone) i £0.00
Property owner liability i £2,000,000.00

Contents insurance

Bank of Scotland

Bank of Scotland Insurance Bronze

4 stars
Matching sets (contents) i 50% of the cost of replacing the undamaged parts
Theft from outbuildings cover limit i £5,000.00
Windspeed (mph) i Not Defined
Property owner liability i £2,000,000.00

Bank of Scotland

Bank of Scotland Insurance Silver

4 stars
Matching sets (contents) i 50% of the cost of replacing the undamaged parts
Theft from outbuildings cover limit i £5,000.00
Windspeed (mph) i Not Defined
Property owner liability i £2,000,000.00

Bank of Scotland

Bank of Scotland Insurance Gold

4 stars
Matching sets (contents) i 50% of the cost of replacing the undamaged parts
Theft from outbuildings cover limit i £5,000.00
Windspeed (mph) i Not Defined
Property owner liability i £2,000,000.00

Investing and pensions

Fund and Share Accounts (for high frequency trading)

Bank of Scotland

Share Dealing Account

2 stars
Account closure fee £0.00
Charge for transferring investments to another platform i £0.00
Charge for automatic reinvestment 2% (Max £9.50)
Charge for transferring cash to another platform £0.00
Early Account Closure Fee (12 months or less) £0.00
Inactivity Charge £0.00
Charge for selling holdings if not enough money in account to pay other charges £9.50
Same Day Payment Charge £0.00
Cost of receiving paper statements for a year £0.00
App available i
Charge for telephone/postal share dealing £25.00

Fund and Share Accounts (for low frequency trading)

Bank of Scotland

Share Dealing Account

4 stars
Account closure fee £0.00
Charge for transferring investments to another platform i 0
Charge for automatic reinvestment 2% (Max £9.50)
Charge for telephone/postal share dealing £25.00
App available i
Charge for transferring cash to another platform £0.00
Early Account Closure Fee (12 months or less) £0.00
Inactivity Charge £0.00
Charge for selling holdings if not enough money in account to pay other charges £9.50
Same Day Payment Charge £0.00
Cost of receiving paper statements for a year £0.00

Income Drawdown products (self-invested)

3 stars
Annual cost of regular payments (drawdown) £180.00
Fee for setting up drawdown £0.00
Charge for taking whole pot under triviality rules £90.00
Charge for withdrawing your tax-free lump sum £90.00
Cost of adding funds to drawdown, or reviewing flexi-access drawdown (not capped) £90.00
Charge for purchasing an annuity £90.00
Charge for telephone/postal share dealing £25.00
Account closure fee £0.00
Charge for transferring cash to another platform £0.00
Charge for transferring investments to another platform i £0.00
Charge for automatic reinvestment 2% (Max £9.50)
Same Day Payment Charge £0.00
Cost of receiving paper statements for a year £50.00

Ready-made General Investment Accounts

Bank of Scotland

Bank of Scotland portfolio

4 stars
Cost (Year 1) i £278.33
Account closure fee £0.00
Charge for transferring investments to another platform i £0.00
Does the provider have a mobile app?
Charge for selling holdings if not enough money in account for charges £0.00
Completing paper applications £0.00
Cash withdrawal by BACs £0.00
Same day payment/payment by CHAPs £25.00
Early account closure fee £0.00
Cost of receiving paper statements for a year £50.00
Charge for transferring cash to another platform i £0.00

Ready-made Stocks and Shares ISAs

Bank of Scotland

Bank of Scotland portfolio

4 stars
Cost (Year 1) i £278.33
Account closure fee £0.00
Charge for transferring investments to another platform i £0.00
Charge for selling holdings if not enough money in account for charges £0.00
Completing paper applications £0.00
Cash withdrawal by BACs £0.00
Same day payment/payment by CHAPs £25.00
Early account closure fee £0.00
Cost of receiving paper statements for a year £50.00
Charge for transferring cash to another platform i £0.00
Is there a mobile app?

Self-invested Personal Pensions (SIPPs)

4 stars
Account closure fee £0.00
Charge for transferring investments to another platform i £0.00
Charge for automatic reinvestment 2% (Max £9.50)
Charge for transferring cash to another platform i £0.00
Early Account Closure Fee (12 months or less) £0.00
Charge for selling holdings if not enough money in account to pay other charges £9.50
Charge for telephone/postal share dealing £25.00
Cost of receiving paper statements for a year £50.00
Charge for writing to a third party to confirm the value of the account (Including probate valuations) £12.50

Stocks and Shares ISAs (self-invested)

Bank of Scotland

Self Select Stocks & Shares ISA

4 stars
Account closure fee £0.00
Charge for transferring investments to another platform i £0.00
Charge for automatic reinvestment 2% (Max £9.50)
Charge for telephone/postal share dealing £25.00
Charge for transferring cash to another platform £0.00
Inactivity Charge £0.00
Charge for selling holdings if not enough money in account to pay other charges £9.50
Repairing or voiding an ISA, when required under HMRC rules £12.50
Same Day Payment Charge £0.00
Cost of receiving paper statements for a year £0.00

Personal loans

Bank of Scotland

Existing Customer Personal Loan

Representative APR (on £5,000 loan, 36 month term) Illustrative rates shown
Unpaid Repayment Fee i £25.00
Early settlement fee (Days interest) 58 days
Available to new customers? i
Eligibility checker
Minimum borrowing amount £1,000.00
Maximum borrowing amount £50,000.00
Minimum borrowing length 12 months
Maximum borrowing amount 60 months

Savings Accounts

1 Year Fixed Rate Accounts

Bank of Scotland

Fixed Rate Bond

Interest Rate (AER) i 5.45%
Minimum Opening Balance i £2,000.00
What happens at maturity? i
Part of FSCS i
Maximum Balance i £9,000,000.00
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty (days) i

2 Year Fixed Rate Accounts

Bank of Scotland

Fixed Rate Bond

Interest Rate (AER) i 5.5%
Minimum Opening Balance i £2,000.00
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be transferred into a variable rate account until you instruct them further or withdraw the funds.
Part of FSCS i
Maximum Balance i £9,000,000.00
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty (days) i Earlier access costs 180 days interest

Easy Access Accounts

Bank of Scotland

Access Saver

Interest Rate (AER) i 1.5%
Minimum Opening Balance i £1.00
Maximum Balance i £9,000,000.00
Part of FSCS i
Withdrawal Penalty i
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Penalty free withdrawals? i
Additional Information i This account will become an Instant Access Savings after 12 months.

Bank of Scotland

Advantage Saver

Interest Rate (AER) i 1.05%
Minimum Opening Balance i £1.00
Maximum Balance i £9,000,000.00
Part of FSCS i
Withdrawal Penalty i AER drops to 0.30% after four or more withdrawals within 12 months.
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Penalty free withdrawals? i
Additional Information i This account will become an Instant Access Savings after 12 months.

Regular Savers

Bank of Scotland

Monthly Saver

Interest Rate (AER) i 5.5%
Maximum Balance i £3,000.00
Withdrawal Penalty i
Minimum Monthly Investment i £25.00
Maximum Monthly Investment i £250.00
Penalty free withdrawals? i
Minimum Opening Balance i £25.00
Minimum Age to Open Account i 16
Sharia Account i
Part of FSCS i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i This is a linked product to both existing and new current account customers.
Notice Period i
Fixed Term Length i 12 Month Bond
Additional Information i Reverts into Instant Access Savings after 12 months.

Savings Accounts (ISAs)

1 Year Fixed Rate ISAs

Bank of Scotland

Fixed Cash ISA

Interest Rate (AER) i 5.45%
Minimum Opening Balance i £500.00
What happens at maturity? i
Part of FSCS i
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty (days) i
Can you transfer in funds from another cash ISA?
Can you transfer in funds from a stocks and shares ISA?

2 Year Fixed Rate ISAs

Bank of Scotland

Fixed Cash ISA

Interest Rate (AER) i 5.5%
Minimum Opening Balance i £500.00
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be transferred into a variable rate account until you instruct them further or withdraw the funds.
Part of FSCS i
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty (days) i Earlier access costs 180 days interest
Can you transfer in funds from another cash ISA?
Can you transfer in funds from a stocks and shares ISA?

Easy Access ISAs

Bank of Scotland

Access Cash ISA

Interest Rate (AER) i 1.5%
Minimum Opening Balance i £1.00
Part of FSCS i
Withdrawal Penalty i
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Penalty free withdrawals? i
Can you transfer in funds from another cash ISA?
Can you transfer in funds from a stocks and shares ISA?

Bank of Scotland

Advantage ISA Saver

Interest Rate (AER) i 1.05%
Minimum Opening Balance i £1.00
Part of FSCS i
Withdrawal Penalty i Higher rate is paid if there are less than 4 withdrawals in a year
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i This is a linked product for existing Current Account Customers (with Vantage).
Penalty free withdrawals? i
Can you transfer in funds from another cash ISA?
Can you transfer in funds from a stocks and shares ISA?

Junior ISAs

Bank of Scotland

Junior Cash ISA

Interest Rate (AER) i 3.15%
Part of FSCS i
Minimum Opening Balance i £1.00
Minimum Age to Open Account i 0
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Are early withdrawals allowed? i
Conditions of early withdrawal i
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i