Home// Savings
Background image: Savings
Powered by purpose

Savings

Simple and straightforward with no teaser rates
Community Charity of the Year
Community Charity of the Year
On Thursday 7 November, the Bank of England decreased the base rate by 0.25% from 5.00% to 4.75%. As a result, we’ve reduced the rates on our variable rate savings accounts.

We’ll write to our existing members to confirm our new interest rate(s) which will take effect from 3 December.
Rates for existing 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Withdrawals Permitted Permitted, but will incur a penalty of 180 days interest on the amount withdrawn.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
Apply Now More Information
More
Less
2 Year Fixed Rate ISA - Issue 4
Face to Face or by Post
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Withdrawals Permitted Permitted, but will incur a penalty of 180 days interest on the amount withdrawn.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
Download Application Form More Information
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
Apply Now More Information
More
Less
Savings Bond 126
Face to Face or by Post
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
Download Application Form More Information
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
Apply Now More Information
More
Less
1 Year Fixed Rate ISA - Issue 2
Face to Face or by Post
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
Download Application Form More Information
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
apply now More Information
More
Less
Cash ISA
Face to Face or by Post
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
Find out more More Information
More
Less
30 Day Notice
Face to Face or by Post
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
Download Application Form More Information
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
Apply Now More Information
More
Less
Instant Access Saver
Face to Face or by Post
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
Download Application Form More Information
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
Download Application Form More Information
More
Less
Member Only Bond
Face to Face or by Post
Interest Rate
3.75%
Gross/AER Fixed
Key Information
  • 3.75% Gross/AER fixed until 20 March 2024
  • 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
3.75%
Gross/AER Fixed
Download Application Form More Information
More
Less
Members 1 Year Fixed Rate ISA
Online only
Interest Rate
3.75%
Gross/AER Fixed
Key Information
  • 3.75% Gross/AER fixed until 20 March 2024
  • 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
3.75%
Gross/AER Fixed
Apply Now More Information
More
Less

You can see current interest rates for all our savings accounts here

Current interest rates
Background image

Need help?

We’re here to help you get the most out of your money while feeling good about your investment. We’re a people based society, so why not book an appointment at your local branch or call us?

FAQs Find a Branch Customer Services
©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)