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Compare Bank of Scotland ISAs

Compare ISAs from Bank of Scotland and other ISA options available.

Investment ISAs put your capital at risk & you may get back less than you originally invested

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Stocks & Shares ISA

from Interactive Investor

Allows ISA Transfers
Regular Savings
  • Fund Choice: Access 40,000+ UK, US and international shares on 17 global exchanges. Choose from over 3,000 funds.
  • Invest From: £25 pm
See Deal Open an ISA before 31 December and get £100 cashback. New customers only, invest £5k or more. Terms & fees apply. Capital at risk.

Share Dealing ISA

from IG

Allows ISA Transfers
  • Trade From (frequent trader rate): £3.00
  • Trade From (standard trader rate): £8.00
See Deal Choose from over 13,000+ global stocks & ETFs. Invest in UK shares from as little as £3 per trade. IG offer a "Smart Portfolio ISA" where you can get an expertly built portfolio that is right for your risk profile. Capital at risk.

Stocks & Shares ISA

from Shepherds

Allows ISA Transfers
Regular Savings
  • Fund Choice: Invest in the Shepherds With Profits Fund which offers medium to low risk investing, with the aim of growing your money in a smooth manner over the long term. Please note: As with all investing, your capital is at risk you may get back less than you have put in. The value of the ISA will depend on the performance of the investments and any bonuses cannot be guaranteed. Additionally, if investment conditions are poor, we may apply a Market Value Reduction (MVR)
  • Invest From: £30 pm

Stocks & Shares ISA

from AJ Bell

Allows ISA Transfers
Regular Savings
  • Fund Choice: Invest in over 2,000 funds, shares and more across 25 markets. Invest from £25 per month. Which? Recommended Provider for Investment Platforms 2019–2023. Low-cost online dealing from £1.50. Open your account in minutes from app or website, manage your portfolio on the move. FSCS protected. Capital at risk
  • Invest From: £25 pm

Stocks & Shares ISA

from Wealthify

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose your risk profile and have an investment Plan built and managed for you
  • Invest From: £1

Stocks & Shares ISA

from Nutmeg

ISA Option
Allows ISA Transfers
  • Fund Choice: Nutmeg offer 5 diversified portfolios with ETFs, using technology to keep charges low. Capital at risk. Approved by Nutmeg 24/02/2023
  • Invest From: Min. £500 single

Stocks & Shares ISA

from InvestEngine

Allows ISA Transfers
Regular Savings
  • Fund Choice: Offering commission-free DIY investing or low-cost, professionally managed income or growth portfolios built for you. Capital at Risk
  • Invest From: £100

Stocks & Shares ISA

from Tillit

ISA Option
Allows ISA Transfers
Regular Savings
  • Fund Choice: From well-known classics to trailblazers and wildcards, TILLIT filter the market and select the best-in-class active and passive funds across asset classes, regions and styles. No one needs 5,000 funds. Get breadth and variety, without the choice paralysis

Stocks & Shares ISA

from Best Invest

ISA Option
Allows ISA Transfers
Regular Savings
  • Fund Choice: Over 2,500 funds, UK shares, investment trusts and ETFs or choose Ready Made & Managed Portfolios
  • Invest From: No minimum

Stocks & Shares ISA

from Fidelity

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose from over 4,000 investment options, including one of the widest fund ranges in the UK. With online guidance tools and expert fund ideas to help you choose. Capital at risk
  • Invest From: £25 pm

Stocks & Shares ISA

from Hargreaves Lansdown

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose from over 3,000 funds, shares, investment trusts and more to build your portfolio. Capital at risk.
  • Invest From: £25 pm or £100 lump sum

Share Dealing ISA

from Interactive Brokers

Allows ISA Transfers
  • Trade From (frequent trader rate): £3.00
  • Trade From (standard trader rate): £3.00
See Deal Eligible UK Investors can open ISA's and Earn £55 of Commission Credit. For new clients. Limited time only, Terms apply

Investment ISA

from Barclays Smart Investor

Allows ISA Transfers
Regular Savings
  • Fund Choice: Invest in over 2,000 funds, plus Exchange Traded Funds, Investment Trusts, Shares and more. 5 Ready-made Investment funds if you’re not sure where to invest. Capital at risk.
  • Invest From: Any amount

My Money Builder Select ISA

from Scottish Friendly

ISA Option
Allows ISA Transfers
Regular Savings
  • Fund Choice: When you set up a My MoneyBuilder Select (ISA), your money will be invested in a single fund - the Unitised With-Profits fund. A mixed managed fund from Scottish Friendly where premiums are pooled with those of other clients and returns are linked to the performance of the underlying assets within the fund. Remember the value of investments can go down as well as up, and you could get back less than you’ve paid in. If you cash in before the end of 5 years there will be a £50 deduction from your cash-in value
  • Invest From: £10 pm o r £100 single

Stocks & Shares ISA

from & me

Allows ISA Transfers
Regular Savings
  • Fund Choice: Range of portfolios managed by investment experts from M&G Wealth, who continually review a range of factors and global trends to make ongoing decisions about where to invest, and find new opportunities with the potential to deliver long-term growth for investors

Stocks & Shares ISA

from Moneyfarm

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose your risk profile and have it matched to an investment portfolio expertly built and managed.
  • Invest From: £1,500

Stocks & Shares ISA

from ChipX

ISA Option
Allows ISA Transfers
  • Fund Choice: Save and invest across investment funds, cash savings, and real assets
  • Invest From: No minimum

Who are Bank of Scotland?

Bank of Scotland are one of the oldest Banks in the UK, and their history dates back to 1695.

They have been a subsidiary of Lloyds since 2009, and today operate a range of financial services from retail to private banking.

They offer a range of ISA accounts varying from Cash ISAs to Stocks and Shares ISAs, giving customers a healthy selection of tax-efficient savings options to choose from.

What is an ISA account?

ISAs are a type of tax-efficient savings account.

The ISA Basics:

  1. You are allowed to contribute up to £20,000 to ISAs in the current year.
  2. This ISA allowance refreshes each year so you can keep topping up your ISA.
  3. There are two main types of ISAs: Cash ISAs for cash savings, and Stocks and Shares ISAs for stock investments.

ISA Tax Benefits:

  1. Any interest you earn in a Cash ISA is 100% free from income tax.
  2. Any dividends you earn from a Stocks and Shares ISA are 100% free from income tax.
  3. You don’t need to pay capital gains tax on the growth of your Stocks and Shares ISA when you sell your holdings for a profit.

What is the difference between a Cash ISA and a Stocks and Shares ISA?

Cash ISAs keep your money invested solely in cash, and you earn interest on the balance of your account.

Stocks and Shares ISAs allow you to invest your money in the stock market and you can get dividends and growth returns on your investments.

Cash ISA Basics:

  • Your investment cannot decrease in value.
  • You can get a fixed or variable rate of interest on your savings.
  • Fixed interest rate products provide higher returns, but you must commit to a term of 1 to 5 years before you can withdraw without being charged.
  • Variable interest rate products have lower returns, but you can usually withdraw money at any time.
  • Withdrawing early from a fixed Cash ISA results in you losing a portion of your interest or being charged.
  • Ongoing low interest rates in the UK means that Cash ISA returns are very limited.

Stocks and Shares ISA Basics:

  • You can invest in the stock market in shares, funds and ETFs.
  • You can either pick investments yourself or choose a ready-made ISA portfolio that is managed for you (often the more expensive option).
  • Annual management charges apply.
  • You have the potential for higher returns compared to Cash ISAs, but the value of your investments can go down as well as up, - you could get back less than what you originally invested.
  • Withdrawals are usually permitted at any time from a Stocks and Shares ISA.

What type of Cash ISA does Bank of Scotland offer?

Bank of Scotland have two Cash ISA products on offer – a variable-rate Cash ISA and a fixed-rate Cash ISA.

BoS’s variable ISA:

  1. Interest rate can vary
  2. Unlimited free withdrawals
  3. Lower rates than the fixed-term ISA

BoS’s fixed ISA:

  1. Guaranteed interest rate return
  2. Higher rates than the variable option
  3. No withdrawals permitted, and you are charged for closing or transferring your account early

What type of Stocks and Shares ISA does Bank of Scotland provide?

1. Bank of Scotland ready-made ISA portfolios:

  • Invest in a managed, ready-made stock portfolio, controlled by qualified investment professionals.
  • Choose a portfolio based on your attitude to risk, from cautious to adventurous.
  • With this investment method, you get a diversified ISA portfolio managed daily by professionals, but you’ll pay higher charges compared to if you pick funds and shares yourself.

2. Bank of Scotland self-select ISA:

  • Better if you are a more experienced investor comfortable with making your own investment decisions.
  • Choose from shares, funds, ETFs and other investment products.
  • You’ll usually pay dealing charges for purchasing your investments.
  • You’ll likely pay lower fund charges than you would with a ready-made ISA depending on the assets you choose within your own specific portfolio.

How do I open a Bank of Scotland ISA?

The easiest way to open a Bank of Scotland ISA is online, and there are three ways you can make your first contribution to invest:

  1. Debit card payment
  2. Direct debit regular contribution
  3. ISA transfer

If you transfer an existing ISA into a Bank of Scotland Cash or Stocks and Shares ISA it won’t count towards your annual ISA allowance.

You can only add £20,000 of new money to ISAs in one tax year, but you can transfer as many existing ISAs to a new account as you like.

To do so, speak to Bank of Scotland or your new ISA provider to request an ISA transfer form to get the ball rolling.

Make sure to check with your existing ISA provider(s) as to whether you’ll be charged for transferring out or selling down your assets to transfer. 

Sam Hodgson
Edited by Sam Hodgson - ISA.co.uk

Frequently Asked Questions

No. You can switch providers with an ISA transfer if you wish. You can also contribute to other ISA providers in separate tax years.

You can lose money in a Stocks and Shares ISA if your investments go down in value. You cannot lose money with a Cash ISA.

ISA accounts are authorised and regulated by the Financial Conduct Authority (FCA). This means that all ISA providers are covered by the Financial Services Compensation Scheme (FSCS) for up to £85,000 if they go out of business.

Please note that this may not apply to the underlying holdings within a Stocks and Shares ISA, and will not cover standard investment losses. 

Most providers will allow you to withdraw from your ISA online, via a mobile app, telephone, or by written instruction in the post.

The annual ISA allowance is set by HMRC each year, and the current limit is £20,000 per person for the 2023/24 tax year.

The annual ISA allowance runs in line with the normal tax year, which is 6th April to 5th April the following year. Your ISA allowance will refresh on 6th April each year.

A Stocks and Shares ISA provider will charge an ongoing, annual platform fee as well as some ad hoc charges.

A Cash ISA could also charge if you withdraw money before the end of a fixed-term investment.

Important Risk Information:

Capital at risk. Tax treatments depend on your individual circumstances and may change. The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website aims to provide information to help you make your own informed decisions. It does not provide personal advice based on your circumstances. If you are unsure of how suitable an investment is for you, please seek personal advice.