Current interest rates on all our savings accounts
Loyalty Cash ISA
Our Loyalty Cash ISA rewards existing account holders with a higher rate of interest the longer they keep their money with Scottish Building Society.
The rates below are for existing account holders only, unfortunately we're no longer accepting new applications.
Interest rates for existing accounts effective from 16 November 2022
|
Account |
Balance |
Tax Year Account Opened/ Funds Deposited |
Tax-free / AER % Variable |
|
Loyalty Cash ISA
|
£1 and over |
Before 2014/15
|
2.75 |
2 Year Fixed Rate ISA - Issue 4
Interest rate effective from 20 December 2022
|
Account |
Balance |
Tax Year |
Tax-free / AER % Fixed |
|
£500 and over |
2022/2023 |
4.01 |
2 Year Fixed Rate E-ISA - Issue 4
Interest rate effective from 20 December 2022
|
Account |
Balance |
Tax Year |
Tax-free / AER % Fixed |
|
£500 and over |
2022/2023 |
4.01 |
1 Year Fixed Rate ISA - Issue 2
Interest rate effective from20 December2022
|
Account |
Balance |
Tax Year |
Tax-free / AER % Fixed |
|
£500 and over |
2022/2023 |
3.66 |
1 Year Fixed Rate E-ISA - Issue 2
Interest rate effective from 20 December 2022
|
Account |
Balance |
Tax Year |
Tax-free / AER % Fixed |
|
£500 and over |
2022/2023 |
3.66 |
Cash ISA and E-ISA
Interest rates for accounts opened prior to 22 August 2024.
|
Account |
Balance |
Tax-free / AER % |
|
|
£100 and over |
4.00 |
||
|
£100 and over |
4.00 |
Interest rates for accounts opened on or after 22 August 2024.
|
Account |
Balance |
Tax-free / AER % |
|
|
£100 and over |
3.75 |
||
|
£100 and over |
3.75 |
Savings Accounts
Interest rates for accounts opened prior to 22 August 2024.
|
Account |
Balance |
Gross AER / % Variable |
|
£1 and over |
4.00 |
|
£100 and over |
3.85 |
|
£1 and over |
3.85 |
Interest rates for accounts opened on or after 22 August 2024.
|
Account |
Balance |
Gross AER / % Variable |
|
£1 and over |
3.75 |
|
£100 and over |
3.60 |
|
£1 and over |
3.60 |
Fixed Rate Bonds
Our Bonds pay a fixed rate of interest for a set term so you'll know how much interest you’ll get back when your Bond matures. The longer the term, the higher the interest rate will be.
Note that our Bonds are offered on a first-come, first-served basis and can be withdrawn once the subscription is full.
|
Account |
Balance |
Gross / AER % Fixed |
|
E-Savings Bond 125
E-Savings Bond 126
|
£500-£1 million
£500-£1 million |
3.75
4.15 |
Savings Accounts
Interest rates for new and existing accounts effective from 30 November 2022
Client Account Online
Interest rates for new and existing accounts effective from 16 November 2022
|
Account |
Balance |
Gross AER % Variable |
|
£1 up to £2,000,000 £1 up to £10,000,000
|
1.00 |
Other Accounts
These products are no longer available and rates shown are for existing accounts only.
|
Account type |
AER / Variable % |
|
Junior ISA - Rate effective from 30 November 2022 |
2.50 |
|
Rates effective from 30 November 2022 Junior Saver < 2 years |
|
|
Junior Regular Saver |
2.50 |
Notes
- All interest rates are variable unless otherwise stated.
- AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.
- Interest will be paid gross and you will be responsible for paying any tax due to HMRC.
Please read the our Savings Terms and Conditions, together with the relevant product details online or in-branch leaflets for further information on the accounts listed.
Please note that products may be withdrawn at any time without notice.