Instant Access Account
Save without limiting your cash flow and with the reassurance that money is available when you need it.
Summary box
Instant Access Account
What is the interest rate?
It's the variable rate, as shown in the table below:
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Interest paid monthly |
AER (%)The AER stands for Annual Equivalent Rate and is the notional rate which illustrates the gross rate as if paid and compounded on an annual basis. As every advert for a savings product will contain an AER you will be able to compare more easily what return you can expect from your savings over time. |
Gross (%)Gross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HM Revenue and Customs. |
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Interest paid monthly £20,000,000+ |
AER (%)The AER stands for Annual Equivalent Rate and is the notional rate which illustrates the gross rate as if paid and compounded on an annual basis. As every advert for a savings product will contain an AER you will be able to compare more easily what return you can expect from your savings over time. 1.21% |
Gross (%)Gross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HM Revenue and Customs. 1.20% |
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Interest paid monthly £10,000,000+ |
AER (%)The AER stands for Annual Equivalent Rate and is the notional rate which illustrates the gross rate as if paid and compounded on an annual basis. As every advert for a savings product will contain an AER you will be able to compare more easily what return you can expect from your savings over time. 1.11% |
Gross (%)Gross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HM Revenue and Customs. 1.10% |
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Interest paid monthly £1,000,000+ |
AER (%)The AER stands for Annual Equivalent Rate and is the notional rate which illustrates the gross rate as if paid and compounded on an annual basis. As every advert for a savings product will contain an AER you will be able to compare more easily what return you can expect from your savings over time. 0.90% |
Gross (%)Gross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HM Revenue and Customs. 0.90% |
|
Interest paid monthly £500,000+ |
AER (%)The AER stands for Annual Equivalent Rate and is the notional rate which illustrates the gross rate as if paid and compounded on an annual basis. As every advert for a savings product will contain an AER you will be able to compare more easily what return you can expect from your savings over time. 0.70% |
Gross (%)Gross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HM Revenue and Customs. 0.70% |
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Interest paid monthly £100,000+ |
AER (%)The AER stands for Annual Equivalent Rate and is the notional rate which illustrates the gross rate as if paid and compounded on an annual basis. As every advert for a savings product will contain an AER you will be able to compare more easily what return you can expect from your savings over time. 0.60% |
Gross (%)Gross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HM Revenue and Customs. 0.60% |
|
Interest paid monthly £1+ |
AER (%)The AER stands for Annual Equivalent Rate and is the notional rate which illustrates the gross rate as if paid and compounded on an annual basis. As every advert for a savings product will contain an AER you will be able to compare more easily what return you can expect from your savings over time. 0.50% |
Gross (%)Gross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HM Revenue and Customs. 0.50% |
These interest rates are correct as at 20 January 2026. Interest is calculated daily and paid monthly.
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Yes. As this account pays a variable rate of interest the rate can change over time. The bank will take into account a number of factors in determining rates at any given time, for example we might review the interest rate if the Bank of England Bank Rate changes. We’ll always let you know of any planned changes to the rate. Our terms and conditions explain when and how we do this.
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Below is an example of what the future balance might be, after interest has been paid. These projections are provided for illustrative purposes only and do not take into account the individual circumstances of the customer.
Future balance based on current interest rates
Future balance for Instant Access account Initial Deposit
Gross rate %Gross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HM Revenue and Customs.
Balance at 12 months
Initial Deposit
£20,000,000
Gross rate %Gross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HM Revenue and Customs.
1.20%
Balance at 12 months
£20,241,324.41
Initial Deposit
£10,000,000
Gross rate %Gross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HM Revenue and Customs.
1.10%
Balance at 12 months
£10,110,556.28
Initial Deposit
£1,000,000
Gross rate %Gross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HM Revenue and Customs.
0.90%
Balance at 12 months
£1,009,037.22
Initial Deposit
£500,000
Gross rate %Gross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HM Revenue and Customs.
0.70%
Balance at 12 months
£503,511.25
Initial Deposit
£100,000
Gross rate %Gross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HM Revenue and Customs.
0.60%
Balance at 12 months
£100,601.65
Initial Deposit
£1,000
Gross rate %Gross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HM Revenue and Customs.
0.50%
Balance at 12 months
£1,005.01
This example assumed that:
- You don’t withdraw any money and interest isn't paid out of the account
- The interest rate stays the same
- Interest is paid monthly
- You make your initial deposit payment on the day you open the account
- You don’t make any further deposits
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This account can be opened or managed over the phone or online.
To apply for a Commercial Instant Access Account, you should:
- Have an annual turnover up to £25m
- Require the account for business use
- Be aged over 18
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You can make withdrawals from this account and there are no charges for doing so.
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Statements can be issued monthly, quarterly or annually, as requested.
You can close this account at any time. We may ask you to confirm in writing.
Financial Services Compensation Scheme
Eligible deposits with Bank of Scotland plc are protected up to a total of £120,000. Due to FSCS eligibility criteria not all business customers will be covered.