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Bank of Scotland Fixed Rate ISAs

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3 Year Fixed Rate Cash ISA

from Aldermore

Interest Rate (AER) 1.10%
  • Term: 3 Years
  • £1,000 minimum opening balance

Calculate your interest with this plan

Your savings:
£
You could gain:
£0.00 (per tax year)

2 Year Fixed Rate Cash ISA

from Aldermore

Interest Rate (AER) 1.05%
  • Term: 2 Year

1 Year Fixed Rate Cash ISA

from Aldermore

Interest Rate (AER) 0.85%
  • Term: 1 Year

2 Year Fixed Rate Cash ISA

from Cynergy Bank

Interest Rate (AER) 0.80%
  • Term: 2 Years
  • Minimum deposit £500
  • Available to individual applicants aged 16 or over
  • Access to funds before the end of the term is subject to a fee equivalent to six months’ interest

Calculate your interest with this plan

Your savings:
£
You could gain:
£0.00 (per tax year)

1 Year Fixed Rate Cash ISA

from NatWest

Interest Rate (AER) 0.10%
  • Term: 1 Year
  • Instant access – manage your account by phone, in-branch and online
  • Open from £1000
  • Transfers allowed in – bring all your cash ISAs together in one place
  • Must be 16 or over
  • Must be a UK resident

2 Year Fixed Rate Cash ISA

from NatWest

Interest Rate (AER) 0.10%
  • Term: 2 Year
  • Instant access – manage your account by phone, in-branch and online
  • Open from £1000
  • Transfers allowed in – bring all your cash ISAs together in one place
  • Must be 16 or over
  • Must be a UK resident

1 Year Fixed Rate Cash ISA

from Royal Bank of Scotland

Interest Rate (AER) 0.10%
  • Term: 1 Year
  • Instant access – manage your account by phone, in-branch and online
  • Open from £1000
  • Transfers allowed in – bring all your cash ISAs together in one place
  • Must be 16 or over
  • Must be a UK resident

2 Year Fixed Rate Cash ISA

from Royal Bank of Scotland

Interest Rate (AER) 0.10%
  • Term: 2 Year
  • Instant access – manage your account by phone, in-branch and online
  • Open from £1000
  • Transfers allowed in – bring all your cash ISAs together in one place
  • Must be 16 or over
  • Must be a UK resident

2 Year Fixed Rate Cash ISA

from Santander

Interest Rate (AER) Up to 0.20%
  • Term: 2 Years
  • Tax free ISA account
  • Open with £500 or transfer in existing ISA funds
  • 0.20% AER/tax-free for 2 years for savings of £500 and over if you're part of 1|2|3 World or Santander Select
  • FSCS Protected
  • 0.10% for balances of £40,000 or over, 0.01% for balances under £40,000
  • Must be UK resident
  • Must be aged 16 or older

Calculate your interest with this plan

Your savings:
£
You could gain:
£0.00 (per tax year)

3 Year Fixed Rate Cash ISA

from Shawbrook Bank

Interest Rate (AER) 0.87%
  • Term: 3 Years
  • Interest can be paid monthly or annually
  • ISA transfers in allowed
  • £250,000 maximum balance
  • FSCS Protected
  • Must be UK resident and aged 18 or older
  • No withdrawals permitted

Calculate your interest with this plan

Your savings:
£
You could gain:
£0.00 (per tax year)

Review of Bank of Scotland Fixed Rate ISA

As your tax-free amount is much higher in an ISA, there are still opportunities for savers to make the most of their money. It’s also important to remember that ISA allowance limits apply to everyone on an individual basis, so if you’re married or in a relationship, you can both hold your own ISA, each with the full allowance.

Bank of Scotland currently offer a range of ISAs, including: the Help to Buy government backed ISA, A Fixed Cash ISA and an Access Cash ISA.

Fixed Cash ISA

With this ISA you can deposit a lump sum and watch your savings grow, tax free. The key features of this account include:

  1. A minimum opening deposit of £500 and up to £20,000, less any amount invested in a stocks & shares ISA and/or innovative finance ISA in the same tax year
  2. Transfers into our cash ISAs take advantage of our ISA promise
  3. Choose for your interest to be paid monthly or annually on anniversary of account opening

Help to Buy: ISA Online

The first step to owning your first home, this is a government backed savings account with the ocus of helping people buy their first homes. It’s currently paid interest at 1.50% and you are able to save £200 a month after the initial £1000 maximum deposit (this is slightly lower than other Help to Buy ISAs which allow you to deposit £1200).

You are able to withdraw your money but you won’t be eligible for the 25% bonus (a maximum of £3000) which the government provide once you go to buy your home.

Other features include:

  1. Interest that can be paid monthly or annually
  2. Opening the account with £1 up to £1,000, this must be received within 21 days of account opening
  3. Save from £1 to £200 each month by standing order to be received by 25th of each month

Bank of Scotland’s Promise

Bank of Scotland’s ISA promise is a nice touch and offers peace of mind to anyone worried about transferring their money. Their promises include:

1. When you switch your cash ISA, stocks & shares ISA or innovative finance ISA to Bank of Scotland they will not wait for your current provider, we pay interest from day one of receiving your completed transfer application, as long as your funds are free to transfer.

2. They keep you informed

  1. while switching your cash ISA, stocks & shares ISA or innovative finance
  2. when your introductory rate, bonus period or fixed rate cash ISA offer is coming to an end
  3. Of your cash ISA’s interest rate, including: personal interest rates on paper statements, online & mobile

3. We won't offer any of our cash ISA products to new customers only.

Bank of Scotland offer a competitive rate of interest at 0.50% tax free/ AER Fixed for the term and offer various lengths of term contracts.

An ISA is a tax efficient way to save as they allow you to pay little or no tax on the interest of your savings and investments making them a popular choice for saving large amounts of money. As you can earn tax-free interest on up to £20,000, this makes it a great choice for people who have a higher amount of savings as current accounts mostly offer interest on much lower amounts.

Lifetime ISAs

Save for your first home and retirement

Compare Lifetime ISAs

Junior ISAs

Invest for your child’s future

Compare Junior ISAs: 

Stocks & Shares ISAs

Invest tax-free in stocks and shares 

Compare Stocks and Shares ISAs:

Latest News

5 Considerations for Your Next Investment ISA

15th March 2021

You've decided to invest your savings into a Stocks and Shares ISA. You'll be using your tax-free ISA allowance for this year before the deadline, while also investing your money for your future. But what do you need to consider before opening an account? We've put together a list of our top five considerations for you to think about before you click "apply". 

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