Excellent and Seamless Service
The entire process was handled extremely efficiently from beginning to end and I would not hesitate to recommend.
Fast and Efficient Customer Experience
Extremely positive customer experience. All aspects of applying for and obtaining my mortgage were dealt with very efficiently and courteously by SBS.
Great Customer Service
Always excellent service from knowledgeable pleasant staff.
Efficient friendly staff
Efficient friendly staff good at explaining options available in no nonsense fashion
Opened 2 new accounts
Very pleased with first visit yesterday and opened 2 new accounts
The personal touch
The personal touch and being able to speak to an advisor is great. Staff always respectful and helpful.
Savings Bond 125
All our accounts
2 Year Fixed Rate E-ISA - Issue 4
Online only
Interest Rate
4.01%
Tax Free/AER Fixed
Key Information
- 4.01% Tax-free/AER fixed until 19 February 2025
- Guaranteed interest rate for the term of the account
- Typically offers a higher interest rate than our Cash ISA
- Open with £500 and save up to £20,000 each tax year. You can transfer additional funds in if you have Cash ISAs and Stocks and Shares ISAs with another ISA provider
Withdrawals Permitted
Permitted, but will incur a penalty of 180 days interest on the amount withdrawn.
Opening Balance
£500 minimum
Interest Rate
4.01%
Tax Free/AER Fixed
More
Less
2 Year Fixed Rate ISA - Issue 4
Face to Face
Interest Rate
4.01%
Tax Free/AER Fixed
Key Information
- 4.01% Tax-free/AER fixed until 19 February 2025
- Guaranteed interest rate for the term of the account
- Typically offers a higher interest rate than our Cash ISA
- Open with £500 and save up to £20,000 each tax year. You can transfer additional funds in if you have Cash ISAs and Stocks and Shares ISAs with another ISA provider
Withdrawals Permitted
Permitted, but will incur a penalty of 180 days interest on the amount withdrawn.
Opening Balance
£500 minimum
Interest Rate
4.01%
Tax Free/AER Fixed
More
Less
E-Savings Bond 126
Online only
Interest Rate
4.15%
Gross/AER Fixed
Key Information
- 4.15% Gross/AER fixed until 22 January 2025
- You can invest from £500 up to £1,000,000 in each bond
- Ideal for lump sum deposits
- Open and manage online
Withdrawals Permitted
No
Opening Balance
£500 minimum
Interest Rate
4.15%
Gross/AER Fixed
More
Less
Savings Bond 126
Face to Face
Interest Rate
4.15%
Gross/AER Fixed
Key Information
- 4.15% Gross/AER fixed until 22 January 2025
- You can invest from £500 up to £1,000,000 in each bond
- Ideal for lump sum deposits
- Open and manage face to face or by post
Withdrawals Permitted
No
Opening Balance
£500 minimum
Interest Rate
4.15%
Gross/AER Fixed
More
Less
1 Year Fixed Rate E-ISA - Issue 2
Interest Rate
3.66%
Tax Free/AER Fixed
Key Information
- 3.66% Tax-free/AER fixed until 13 March 2024
- Guaranteed interest rate for the term of the account
- Typically offers a higher interest rate than our Cash ISA
- Open with £500 and save up to £20,000 each tax year. You can transfer additional funds in if you have Cash ISAs and Stocks and Shares ISAs with another ISA provider
Withdrawals Permitted
Permitted, but will incur a penalty of 90 days interest on the amount withdrawn.
Opening Balance
£500 minimum
Interest Rate
3.66%
Tax Free/AER Fixed
More
Less
1 Year Fixed Rate ISA - Issue 2
Face to Face
Interest Rate
3.66%
Tax Free/AER Fixed
Key Information
- 3.66% Tax-free/AER fixed until 13 March 2024
- Guaranteed interest rate for the term of the account
- Typically offers a higher interest rate than our Cash ISA
- Open with £500 and save up to £20,000 each tax year. You can transfer additional funds in if you have Cash ISAs and Stocks and Shares ISAs with another ISA provider
Withdrawals Permitted
Permitted, but will incur a penalty of 90 days interest on the amount withdrawn.
Opening Balance
£500 minimum
Interest Rate
3.66%
Tax Free/AER Fixed
More
Less
E-ISA
Online only
Interest Rate
2.50%
Tax-Free/AER Variable
Key Information
- Tax-free interest helps your money grow faster
- Manage your money quickly and easily online
- Deposits can be made at any time during the tax year, subject to your annual ISA allowance
- Open with £100 and save up to £20,000 each tax year. It’s easy to transfer additional funds in if you have Cash ISAs and Stocks and Shares ISAs with another ISA provider
Withdrawals Permitted
Yes
Opening Balance
£100 minimum
Interest Rate
2.50%
Tax-Free/AER Variable
More
Less
Cash ISA
Face to Face
Interest Rate
2.50%
Tax-Free/AER Variable
Key Information
- Tax-free interest helps your money grow faster
- You’ll have instant access to your money
- Deposits can be made at any time during the tax year, subject to your annual ISA allowance
- Open with £100 and save up to £20,000 each tax year. It’s easy to transfer additional funds in if you have Cash ISAs and Stocks and Shares ISAs with another ISA provider
Withdrawals Permitted
Yes
Opening Balance
£100 minimum
Interest Rate
2.50%
Tax-Free/AER Variable
More
Less
30 Day Notice
Face to Face
Interest Rate
2.50%
Gross/AER variable
Key Information
- Higher interest rate than Instant Access Saver
- 30 days' notice required for withdrawals
- Open an account with as little as £1, up to £1,000,000
- Manage your account face to face or by post
Withdrawals Permitted
Yes. 30 days' notice is needed
Opening Balance
£1 minimum
Interest Rate
2.50%
Gross/AER variable
More
Less
Online Saver
Online only
Interest Rate
2.30%
Gross/AER variable
Key Information
- Manage your money quickly and easily online
- Open an account with just £100
- Save up to £1,000,000 in your account
- Deposit and withdraw any time you want
Withdrawals Permitted
Yes
Opening Balance
£100 minimum
Interest Rate
2.30%
Gross/AER variable
More
Less
Instant Access Saver
Face to Face
Interest Rate
2.30%
Gross/AER variable
Key Information
- Open an account with as little as £1, up to £1,000,000
- Manage your account face to face or by post
- Instant access to your money
- Passbook based savings account
Withdrawals Permitted
Yes
Opening Balance
£1 minimum
Interest Rate
2.30%
Gross/AER variable
More
Less
Client Account Online
Business Account
Interest Rate
1.00%
Gross/AER variable
Key Information
- Maximum balance (on each designated account) £2m
- Maximum aggregate balance £10m (unless agreed otherwise)
- Separate accounts for each client
- Easy online access to the cleared funds available
Withdrawals Permitted
Yes
Opening Balance
£1 minimum
Interest Rate
1.00%
Gross/AER variable
More
Less
Savings Bond 126
Key Information
- 4.15% Gross/AER fixed until 22 January 2025
- You can invest from £500 up to £1,000,000 in each bond
- Ideal for lump sum deposits
- Open and manage face to face or by post
Interest Rate
4.15%
Gross/AER Fixed
What might a Savings Bond 122 look like for me?
Initial Deposit
Balance after 12 months
Interest earned
£1,000.00
£1,041.50
£41.50
£10,000.00
£10,415.00
£415.00
£25,000.00
£26,037.50
£1,037.50
£50,000.00
£52,075.00
£2,075.00
What is a Savings Bond?
Our limited-edition Savings Bonds pay a fixed rate of interest for
a fixed term, making them ideal for lump sum deposits. We offer various
Savings Bonds with varying terms – saving for a longer term could give you
a higher rate of interest.
What’s the interest rate?
Our Bonds offer different rates, depending on the term - the longer the term, the higher the interest rate is.
The rate is fixed for the term of the Bond, so you know exactly how much interest you’ll get back when the Bond matures.
How do I open a Savings Bond?
You can open a Savings Bond in one of our Relationship Centres, or if it’s easier for you, you can download an application form and post it to us with a cheque for your initial deposit and proof of ID.
How much can I save in a Savings Bond?
The minimum opening balance is £500 up to a maximum of £1,000,000.
Additional funds can only be deposited in the 14 days after the Bond
is opened. After the first 14 days, no further funds can be deposited during
the term.
Can I withdraw money?
No withdrawals are permitted during the fixed rate period. When the Bond
matures, you can withdraw your maturing funds or transfer some, or all, of
your funds to a new Bond.
Can I close my Savings Bond early?
No – your funds need to remain in the Bond until it matures.
Our Bonds are offered on a first-come, first-served basis and can be withdrawn
once the subscription is full. If we receive your application after the Bond is fully
subscribed, we’ll contact you for further instructions.
We're here to help
You can visit us in our Relationship Centres, or call us on 0333 207 4007. Lines open 9am-5pm Mon to Fri (10am-5pm Wed). Calls may be recorded and/or monitored.
©Scottish Building Society 2024. All rights reserved.
Scottish Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Register No 206034)
Scottish Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Register No 206034)