Savings guides & tools

This option may suit you if you are likely to need urgent access to your funds and don’t want to be penalised through loss of interest.

• Internet Saver Account — If you enjoy being able to manage your finances online, this savings account is ideal. As well as a very competitive interest rate, new Scottish Widows Bank customers get an interest rate bonus of 0.69% for the first 12 months on the first account opened. And, the minimum balance is only £1. More information on our Internet Saver Account.
• Instant Transfer Account — If you’re someone who likes access to your money at any time, then our Instant Transfer account is the one for you. Not only do you get a high rate of return, you can also transfer money to your main bank account as often as you like — free of charge. And we’ll even give new customers an interest rate bonus of 1.25% in the first six months on the first account opened. More information on our Instant Transfer Account.

This option may suit you if you would prefer to give advance notice of any withdrawals in order to benefit from a higher interest rate.

• 60 Day Notice Account — Whether you’re saving for home improvements, a holiday or simply a rainy day, our 60 Day Notice account offers you a consistently high rate of interest with only a couple of months notice period. You can also have this as a joint account. And we’ll even give new customers an interest rate bonus of 1.25% in the first six months on the first account opened. More information on our 60 Day Notice Account.
• 5 Year Fixed Term Deposit Account — If you won’t need access to your cash for the next five years and want to earn a regular income from that money, this account is ideal for you. You can invest from £10,000 to £5,000,000 and earn whatever the competitive fixed rate of interest is at the time you want to open your account. Interest is paid either monthly, quarterly or annually. More information on our 5 Year Fixed Term Deposit Account.

This option may suit you if the amount of notice you need to give to withdraw funds does not matter to you. It may be that other features, such as tax benefits and interest rates, may be more important to you. The choices you have are:

• Internet Saver Account — If you enjoy being able to manage your finances online, this savings account is ideal. As well as a very competitive interest rate, new Scottish Widows Bank customers get an interest rate bonus of 0.69% for the first 12 months on the first account opened. And, the minimum balance is only £1. More information on our Internet Saver Account.
• Instant Transfer Account — If you’re someone who likes access to your money at any time, then our Instant Transfer account is the one for you. Not only do you get a high rate of return, you can also transfer money to your main bank account as often as you like — free of charge. And we’ll even give new customers an interest rate bonus of 1.25% in the first six months on the first account opened. More information on our Instant Transfer Account.
• 60 Day Notice Account — Whether you’re saving for home improvements, a holiday or simply a rainy day, our 60 Day Notice account offers you a consistently high rate of interest with only a couple of months notice period. You can also have this as a joint account. And we’ll even give new customers an interest rate bonus of 1.25% in the first six months on the first account opened. More information on our 60 Day Notice Account.
• 5 Year Fixed Term Deposit Account — If you won’t need access to your cash for the next five years and want to earn a regular income from that money, this account is ideal for you. You can invest from £10,000 to £5,000,000 and earn whatever the competitive fixed rate of interest is at the time you want to open your account. Interest is paid either monthly, quarterly or annually. More information on our 5 Year Fixed Term Deposit Account.