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.