Easy Access

Bank of Scotland Instant Access Savings Account Review

An easy access account from Bank of Scotland. It ranks 149th of 152 easy access accounts we track.

Variable rate

0.75%AER

Up to 1.00% on some tiers

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£1

Max balance

No limit

Access

Instant

Interest paid

Annually/Monthly

Rate Tiers

£1 – £24,999

0.75%AER

£25,000 – £99,999

0.90%AER

£100,000 or more

1.00%AER

How It Stacks Up

Ranks 149th of 152

Easy access accounts we track

Well below average
This account 0.75%
UK CPI (Aug 2026)
3.10%
Pays 2.35% less
Average easy access
2.83%
Pays 2.08% less
Best easy access
5.00%
Pays 4.25% less

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

A better-paying alternative

Tembo bank logo

Tembo

HomeSaver

4.55%

AER

  • Pays 3.80% more than this Bank of Scotland account
  • Instant access, open with £10
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A Good Fit For

  • Pro: New and existing savers
  • Pro: Savers who want instant access
  • Pro: Savers who want a monthly income

Worth Weighing Up

  • Con: The rate is variable, so it can go down

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Estimated returns with Bank of Scotland's Easy Access

What you could earn with Bank of Scotland's Instant Access Savings Account.

Estimated interest

£1,000 saved

£7.50

At 0.75% AER

£5,000 saved

£37.50

At 0.75% AER

£10,000 saved

£75.00

At 0.75% AER

£50,000 saved

£450

At 0.9% 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.

Work out the tax on your interestSee how much of this interest could be taxed.

Our Expert Opinion on Bank of Scotland Instant Access Savings Account

Jonny PeaseCo-Founder, DepositScout

Bank of Scotland's Instant Access Savings Account pays 0.75% on balances up to £24,999, rising to 1.00% at £100,000 or more, which is still well below the easy access market leader at 5.00%. The rate sits 4.25% behind that leader and 2.35% below current CPI inflation of 3.1%, meaning your money is losing real value. Unlimited withdrawals with no penalties is a genuine plus, but this account suits only those who prioritise the Bank of Scotland name over returns. Tandem Bank's Instant Access Saver pays 3.40% if you want a more competitive alternative.

Compare Easy Access Accounts

2 alternatives to Bank of Scotland's Instant Access Savings Account

Same type of account, closest on rate.

Common questions about the Instant Access Savings Account

D

DepositScout Alerts

2 minutes ago

Easy Access rate just dropped

A top provider just cut their rate. Here's what you need to know about the latest market shift.

Nationwide FlexSaver Rate Down
4.20% AER
4.75%
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