This comparison simply includes all savings accounts.
Bank Of Scotland Current Account
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: MARKET LEADING INSTANT ACCESS ACCOUNT. 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 2021. Must be UK resident and be aged 18 or older
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: Easy access savings account that tracks the Bank of England base rate. Wave goodbye to the constant cycle of account hopping and forget waiting for banks to pass on higher interest rates. Interest rate moves with the Bank of England base rate, guaranteeing a fixed margin of up to 0.5% below, and adjusts the very next day. Easy access to your money with once a month withdrawals, without notice and without fees. Earn daily interest on your money, and experience the power of compounding to make your savings work harder. Maximum deposit £250,000. Wombat has partnered with GB Bank to bring you the Base Rate Tracker. GB Bank is an award-winning, fully authorised and regulated UK bank. FSCS eligible on your deposits. Must be UK resident. Must be aged 18 or older
Why we like it: A new savings account from Chip built to move with the Bank of England and reward you faster than the banks. Interest paid monthly. Deposit and withdraw almost instantly. No fees or charges for holding account. FSCS eligible on your deposits. Must be UK resident. Must be aged 18 or older.
Why we like it: Tiered interest: £1 to £10,000 – 4.80% Gross/AER, £10,001 to £50,000 – 4.80% Gross/AER, £50,001 to £500,000 – 4.80% Gross/AER. Unlimited payments and withdrawals. Interest paid annually. Open in a single or a joint name. Maximum deposit £500,000. Open and manage account online. FSCS Protected. Must be UK resident. Must be aged 16 or older
Why we like it: Choose monthly or annual interest payments. Unlimited deposits and withdrawals. 24/7 access to your savings. Open and manage online. After 12 months the rate will revert to the underlying rate, currently 1.55% gross/AER variable. Post Office Online Saver is provided by Bank of Ireland UK. Must be UK resident. Must be aged 18 or older. FSCS protected
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: 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: Interest paid monthly or annually. Open in a single or joint name. Unlimited deposits and withdrawals. Covered by the FSCS. Must be UK resident. Must be aged 16 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: MARKET LEADING 6 MONTH FIXED RATE BOND. Interest paid at maturity. Open in a single or a joint name. Maximum deposit £250,000. FSCS Protected. Winner of Platinum Feefo Trusted Service Award in 2021. Must be UK resident and be aged 18 or older. No withdrawals permitted
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.