- Home
- > Savings
- > Compare accounts
- > Internet Saver
Internet Saver
Our web exclusive Internet Saver is a straightforward savings account that gives you the speed and convenience of online access to your money, 24 hours a day, 7 days a week, 365 days a year.
Current rates & key features
| Balance | Interest rates (gross/AER variable) effective from 0.00am on 12 September 2011 |
|---|---|
| £1+ | 2.80% gross/AER variable including 12 month fixed bonus of 2.70% |
- Open with as little as £1, and begin saving for what's important to you.
- Variable interest rate.
- Enjoy the convenience of checking your balance and transferring money online at any time of the day or night.
- Easy access to your money with unlimited withdrawals with no loss of interest.
- Unlimited number of deposits - add to your savings as and when you have spare cash.
- Save without noticing by signing up to Save the Change in your Internet Saver.
- At the end of the bonus period, variable rates will apply, currently this is 0.10% gross/AER.
You can only have one Internet Saver. You need to be an existing Bank of Scotland customer and be registered for Internet Banking to open an account.
Summary box
| Account name | Internet Saver |
|---|---|
| Interest rates (AERs) |
Variable rate. Interest paid annually. |
| Tax status | Interest is paid net of income tax (currently 20%) unless you register your account with us to receive gross interest. |
| Conditions for bonus payment | Accounts opened will receive a variable interest rate including a fixed introductory bonus for 12 months from the date of account opening. At the end of the bonus period, variable rates without bonus will apply. |
| Withdrawal arrangements |
No notice period. Unlimited withdrawals with no loss of interest. |
| Access | Online only |
Additional information
- Variable rate interest - this means the rate you earn can go up or down
- Interest - calculated daily. Paid annually on anniversary of account opening
- Number of accounts - only one per customer. You need to be an existing Bank of Scotland customer and be registered for Internet Banking to open an account.
- Eligibility - UK resident personal customers aged 16+. If you are a non-UK resident and wish to find out about the savings products that may be available to you, please call the International Banking team on 0800 876 6555 (or +44 207 451 6212 if calling from abroad). Lines are open Mon-Fri 8am - 6pm and Sat 9:30am - 1.30pm UK local time.
- Account conditions (opens as PDF)
- We are a member of the Financial Services Compensation Scheme so our customers' savings are protected (up to £85,000).
Please note: Rates of interest are subject to change, to check effective dates for all our Savings products please see our Interest Rates section.
For a definition of AER, Gross and other terms please view our savings glossary.
