This comparison simply includes all savings accounts.
Bank Of Scotland Current Account
Why we like it: Interest paid annually. Unlimited deposits and withdrawals. Open and manage online. FSCS Protected. Must be UK resident and be aged 18 or older
Why we like it: Instant access to your savings. Unlimited deposits and withdrawals. Interest paid monthly, either to a linked current account, or adding it to your Online Flexi Saver account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Must be aged 18 or older and have a UK address. Must have a linked UK current account. Your eligible deposits with Investec Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)
Why we like it: Which? Recommended Savings Provider. No notice period. Deposit from £100. Interest paid monthly or annually. Apply in minutes. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services. Compensation Scheme (FSCS)
Why we like it: Unlimited payments and withdrawals. Interest paid annually. Open in a single or a joint name. Maximum deposit £250,000. FSCS Protected. Winner of Platinum Feefo Trusted Service Award in 2024. Must be UK resident and be aged 18 or older
Why we like it: Interest calculated monthly. Unlimited deposits and withdrawals. Open and manage online. FSCS Protected. Must retain a minimum balance of £20,000 in the account. Must be UK resident and be aged 18 or older
Why we like it: All funds deposited into the RCI Bank E-Volve Savings 14 Day Notice Account will be used to fund pure electric vehicles and charging facilities. Interest paid monthly or annually. Manage account online. UK-based support, seven days a week. Which? Recommended Savings Provider. Unlimited withdrawals subject to 14 days notice. Must be UK resident. Must be aged 18 or older. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)
Why we like it: The interest rate tracks the Bank of England (BoE) Base Rate. Interest is calculated on the minimum daily balance and applied to the account on the first day of every subsequent month. Open and manage account online. Your eligible deposits are protected up to £85,000 by the Financial Services Compensation Scheme. The maximum deposit you may pay into any one OakNorth Account is £500,000. The maximum amount (excluding the interest) that you will be allowed to hold on deposit with OakNorth Bank across multiple accounts is also £500,000. Unlimited withdrawals, subject to 95 days notice. Available to individuals, aged 18 or over, who are UK residents
Why we like it: Unlimited deposits and withdrawals. Interest paid monthly: can be added to your Notice Saver or paid to your linked account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Withdrawals subject to 90 days notice. Must be aged 18 or older and have a UK address. Must have a linked UK current account
Why we like it: 3 penalty-free withdrawals in a 12 month period. 3.82% AER (variable tracker) + 0.68% AER 12 month boost. 3.75% gross variable tracker. Interest paid monthly. Deposit and withdraw almost instantly. No fees or charges for holding account. FSCS eligible on your deposits. After 3 withdrawals within a 12 month period the rate will revert to either 3.40% AER (variable tracker with boost applied) or 2.72% AER (variable tracker) for the remainder of the 12 month period since opening the account. Must be UK resident. Must be aged 18 or older
Why we like it: 9 month term, minimum deposit £1,000, no withdrawals permitted. FSCS Protected
Why we like it: Interest paid on maturity. Automatic repayment to your linked account. Maximum deposit £250,000. FSCS Protected. Must have a UK residential address and be aged 18 or older. No withdrawals permitted
Why we like it: 1 year term, minimum deposit £1,000, no withdrawals permitted. FSCS Protected
Compare Bank of Scotland Current Accounts
Bank of Scotland offer a range of current accounts for all needs. You can add the free ‘Vantage’ reward to any of their accounts, which allows you to earn earn 3% AER (2.96% Gross) variable interest on your balance of £3,000 - £5,000.
To qualify for this, you must pay at least £1000 into your account each calendar month, stay in credit (above £0) during the monthly billing period and pay at least two different Direct Debits from your account each calendar month. This is a great option if you can meet the requirements, as otherwise Bank of Scotland does not pay interest on your balance.
All Bank of Scotland accounts offer the following:
- Access to Internet and Mobile Banking, 24-hour telephone services as well as any of their branches in Scotland
- A great range of tools you can add to your account, such as control to stop you going overdrawn
- A VISA debit card enabled for contactless payments
- Current Account Switch Guarantee
- Free mobile text alerts
- Arranged Overdraft
Their accounts include:
Classic Account
This is a basic bank account which does everything you would expect from a standard account, such as making payments and setting up Direct Debits.
This account comes with an overdraft with a £25 buffer at 0% EAR variable interest. The overdraft interest rate on the remainder would be 19.89% EAR variable. A monthly overdraft usage fee of £6 does apply.
Silver Account
This account comes with a charge of £9.95 a month but comes with added value benefits.
These include:
- European travel insurance for you and your family including winter sports cover (for account holders under 65)
- AA breakdown cover with roadside assistance and accident management
- Mobile phone insurance
- Card loss assistance
This account comes with a 0% interest buffer of £50 and the remainder will be 19.89% EAR variable. A Monthly Overdraft Usage Fee of £6 will apply.
Platinum Account
This account comes with a charge of £17 a month but comes with added value benefits. These include:
- Worldwide travel insurance for you and your family including winter sports cover (for account holders under 80)
- AA breakdown cover with roadside assistance, relay, home start and accident management
- Mobile phone insurance
- Card loss assistance.
This account comes with a 0% interest rate on £300 and the remainder will be 19.89% EAR variable. A Monthly Overdraft Usage Fee of £6 will apply.
Overall Bank of Scotland offer some great options, particularly due to their optional ‘Vantage’ add-on which allows you to earn interest on any of these accounts. Users who have separate insurance policies and desire a higher rate of 0% interest free overdraft could save with the Silver and Platinum accounts.
