Instant Access Savings

Save without limiting your cash flow and with the reassurance that funds are available when you need them.

Apply now

Apply now

If you have Business Internet Banking, you can apply online.

Other ways to apply

Log in and apply

Features and benefits

  • Instant access to your savings
  • Start saving from as little as £1
  • Interest calculated daily and applied monthly
  • Make unlimited withdrawals and pay in additional funds

Eligibility

To apply for our savings products, you should:

  • Be a sole trader, or a partner or director of the business
  • Be over the age of 18
  • Require the account for business use

What you’ll need to open an account

To apply for our savings products, we need to know:

  • Your business contact details
  • The amount you want to deposit
  • The savings account that suits your needs
  • Instant Access Account

    The interest rates shown in the table are variable. 

    Business instant access account

    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.

    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.

    1.92%

    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.

    1.90%

    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.

    1.85%

    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.

    1.83%

    Interest paid monthly

    £250,000+

    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.

    1.31%

    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.

    1.30%

    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.

    1.31%

    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.

    1.30%

    Interest paid monthly

    £50,000+

    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.

    1.31%

    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.

    1.30%

    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.

    1.31%

    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.

    1.30%

    These interest rates are correct as at 26 September 2023. Interest is calculated daily and paid monthly.
     

  • General terms and conditions

    Make sure you understand the small print.

    Terms and conditions

     

Savings Strategy Tool

Savings Strategy Tool

Our tool can make your money work harder by matching your cash forecasts against our deposit products, helping you create a savings strategy bespoke to your needs.

Get your savings strategy

Ready to apply?

Log in to Business Internet Banking to apply for an Instant Access Account.

Log in and apply

Existing customers

If your business turnover is between £0-3m, please call

0345 300 0268

 

If your business turnover is between £3-25m, please call

0345 600 6391

FSCS protected

Financial Services Compensation Scheme

Eligible deposits with Bank of Scotland plc are protected up to a total of £85,000. Due to FSCS eligibility criteria not all business customers will be covered.

More about FSCS

Supporting UK Businesses

Supporting UK Businesses

See how we’re supporting UK businesses in our latest Credential report.

Read our credentials report (PDF, 165KB)