Cash ISA

Bank of Scotland Fixed Cash ISA 1 Year Review

A one-year cash ISA from Bank of Scotland. It ranks 37th of 47 one-year cash ISAs we track.

Fixed rate · 1 year

4.00%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£500

Max balance

£20,000

Access

1 Year

Interest paid

Annually

Transfers in

Accepted

How It Stacks Up

Ranks 37th of 47

1-year cash ISAs we track

Below average
This account 4.00%
UK CPI (Aug 2026)
3.10%
Pays 0.90% more
Average 1-year cash ISA
4.37%
Pays 0.37% less
Best 1-year cash ISA
4.92%
Pays 0.92% less

Inflation: ONS. Averages and best rates: accounts on DepositScout.

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Pros and cons

  • Pro: New and existing savers
  • Con: Not flexible: money you withdraw can't be replaced without using more allowance

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Estimated returns with Bank of Scotland's Cash ISA

What you could earn with Bank of Scotland's Fixed Cash ISA 1 Year.

Estimated interest

£1,000 saved

£40.00

At 4% AER

£5,000 saved

£200

At 4% AER

£10,000 saved

£400

At 4% AER

£20,000 saved

£800

At 4% AER

Estimated over one year, if the rate stays the same and interest is left in. Amounts outside the account's minimum or maximum aren't shown.

Our Expert Opinion on Bank of Scotland Fixed Cash ISA 1 Year

Jonny PeaseCo-Founder, DepositScout

Bank of Scotland's Fixed Cash ISA pays 4.00% for one year, which is below the market average for cash ISAs and 1.12% behind the category leader at 5.12%. It does beat August 2026 CPI by 0.90%, so your money grows in real terms, but the rate is hard to justify when alternatives like Spring's Easy Cash ISA offer 4.01% with easier access. The cap of £20,000 fits a single ISA allowance neatly, though early closure costs you 90 days' interest.

Compare Cash ISAs

2 alternatives to Bank of Scotland's Fixed Cash ISA 1 Year

Same type of account, closest on rate.

Common questions about the Fixed Cash ISA 1 Year

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