Bank of Scotland High Interest Current Account

Apply now for a Bank of Scotland High Interest Current Account. Get 50 times more interest than RBS and Clydesdale pay on balances up to £2,500 by simply switching to our High Interest Current Account.

See how we compare

Accounts compared are standard current accounts offered by the banks listed. Better rates may be available online or where account funded with £1,000 or more a month.

How does it work?

Well, it couldn’t be easier. Just pay in £1,000 or more every month and the Bank of Scotland High Interest Current Account gives you these benefits:

• An incredible 5.12% AER (5% gross)  for balances up to £2,500 and 0.1% AER/gross p.a. for anything over this amount*

Plus:

• A Visa Debit Card giving you the convenience of cash-free purchases and access to your money at thousands of cash machines around the UK and abroad
• Overdraft facility - 15.9% EAR when you pay in £1,000 or more every month (Typical rate 19.5% EAR variable) it's easy to arrange so it's there when you need it
• A cheque book available on request
• Convenient 24-hour online and telephone banking to check your balance, pay bills, transfer money, set up or change standing orders and cancel Direct Debits
• Hundreds of branches nationwide - conveniently located for when you want to talk to someone face to face

So how do I switch?
If you already have a current account with another bank, we'll handle the entire switching process for you. It takes about 4 weeks and the service is totally free.

All you need to do is complete and sign two forms and we'll take it from there. Find out more about switching now.

Find out more about our interest rates and account charges.

*If you don't make payments of at least £1,000 for two or more consecutive months, you will earn 0.1% AER/gross p.a.on any balance until you start funding with £1,000 or more for three consecutive months.

EAR is the Equivalent Annual Rate. AER is the Annual Equivalent Rate and illustrates what the interest would be if interest would be if interest was paid and compounded each year. The gross rate (5% gross p.a.) is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.