See our selection of the latest Bank of Scotland cash ISA deals.
James Caldwell, Director
With Bank of Scotland ISAs you can choose a method of saving that suits you, from instant access to fixed rates with a choice of terms. To make the most of your ISA allowance, the highest rates available are usually those with the longest fixed rate terms, which do not allow additional deposits or withdrawals. If you don't have a lot of money to put away or you think you might need access to it, an instant access deal might suit you better, and you can open an account with just £1. Using the 2015/16 Cash ISA allowance you can deposit £15,240 in a cash ISA.
Like all Cash ISAs, Bank of Scotland cash ISAs allow you to maximise your savings by not paying tax on the interest you earn. You can also transfer to an Bank of Scotland cash ISA from another provider if your current provider offers lower interest rates.
The Bank of Scotland currently has several cash ISAs available:
Bank of Scotland also provides stocks and shares ISAs and offers a wide range of funds from which to choose. You can choose based on the level of risk you are comfortable with and the return you are hoping to receive.
Based in Edinburgh, the Bank of Scotland dates back to the 17th century, which makes it the second oldest UK bank after the Bank of England. It was also the first bank in Europe to print its own banknotes and continues to do so to this day.
Bank of Scotland offers a wide range of banking services to its customers, including deposit accounts, loans, mortgages, credit cards and investments. The bank also provides a range of ISA products to its customers to help them save while enjoying significant tax benefits.
|Provider||Account||Interest Rate (AER)||Term||Apply|
|5 Year Cash ISA||2.60%||5 Years||Apply Now >|
|2.60% gross/AER fixed for 5 years. £5,000 minimum opening balance. Transfers in accepted. No early withdrawals permitted.|
|Online Cash ISA 3 Year Fixed Deposit||2.30%||3 years||Apply Now >|
|2.30% gross/AER fixed for 3 years. £5,000 minimum opening balance. Transfers in allowed. No early withdrawals permitted.|
|3 Year Fixed Rate Cash ISA||1.85%||3 Year||Apply Now >|
|1.85% gross/AER fixed for 3 years. £1,000 minimum opening balance. Withdraw cash early if you need to (subject to loss of interest).|
|2 Year Fixed Rate Cash ISA||1.75%||2 Year||Apply Now >|
|1.75% gross/AER fixed for 2 years. £1,000 minimum opening balance. Withdraw cash early if you need to (subject to loss of interest).|
|1 Year Fixed Rate Cash ISA||1.50%||1 Year||Apply Now >|
|1.50% gross/AER fixed for 1 year. £1,000 minimum opening balance. Withdraw cash early if you need to (subject to loss of interest).|
Important Risk Information:
This website contains information only and does not constitute advice or a personal recommendation in any way whatsoever. The value of investments and income from them can fall as well as rise and you may not get back the full amount invested. The tax efficiency of ISAs is based on current tax law and there is no guarantee that tax rules will stay the same in the future.
Different types of investment carry different levels of risk and may not be suitable for all investors. Please ensure that you read the Important Risk Information for further details. Prior to making any decision to invest, you should ensure that you are familiar with the risks associated with a particular investment and should read the product literature. If you are in any doubt as to the suitability of a particular investment, both in respect of its objectives and its risk profile, you should seek independent financial advice.