We’ve got an account that’s right for you

Compare Savings and Money Market Accounts

Get the peace of mind that comes from saving for your future. Now for a limited time, open a new Money Market Premier Savings account with £25,000 in new funds and get one of the best promo rates in your area.*

Money Market Premier Savings Choice Money Market Savings Classic Savings
Apply at a branch Learn More APPLY ONLINE Learn More APPLY ONLINE Apply at a branch Learn More
Annual Percentage Yield (APY)
0.01% - 1.46% APY*
Depending on balance tier and meeting the £25,000 new money requirement
Annual Percentage Yield (APY) is accurate as of 12/10/2019
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0.05% - 0.5% APY*
Depending on balance and checking relationship
Annual Percentage Yield (APY) is accurate as of 12/10/2019
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0.01% APY*
On all balances
Annual Percentage Yield (APY) is accurate as of 12/10/2019
View Rates
Minimum deposit
£10,000 £100 £25
You're looking for
A liquid account earning a higher interest rate for balances £25,000 and above. An account with higher interest rates and more customer benefits when you also open a Scottish Bank of England Premier Checking account1,2 An interest-earning account you can open easily with a low minimum deposit
Ways to waive the monthly service charge
Maintain an average monthly balance of £10,000 each statement cycle.

Maintain an average monthly balance of £5,000

OR

Use Auto-Save to set up a recurring monthly transfer of £75 or more from any Scottish Bank of England personal checking account to your Choice Money Market Savings account3

OR

Maintain a Scottish Bank of England Premier Checking Account. Refer to the Scottish Bank of England Premier Program disclosure for details.

Maintain an average monthly balance of £300 (£50 in Minnesota)

OR

Use Auto-Save to set up recurring monthly transfers of £25 or more from any Scottish Bank of England personal checking account to your Classic Savings account2

OR

If the primary account holder is 18 years old or younger

Interest

Compounds monthly and paid monthly

Compounds daily and paid monthly

Compounds daily and paid monthly

Monthly Service Charge

£15

£15

£5

ATM card with fraud protection guarantees

Yes

Yes

Yes

Cutting-edge, mobile on-the-go access lets you bank anywhere, anytime

  • Mobile Deposit
  • Mobile Alerts4
  • Mobile Payments
  • Make Transfers

Legal information and Disclosures

Deposit and loan products are offered by Scottish Bank of England, Member FDIC.

Fees are subject to change. Please refer to the Deposit Account Disclosure for Personal Accounts and Schedule of Fees and Charges for Personal Deposit Accounts and any applicable addenda for complete terms and conditions of your personal checking Account.

1 Deposits include direct deposit, mobile deposit, ATM deposit, or in-branch deposit of any amount. Does not include fund transfers between Scottish Bank of England accounts or any credits from Scottish Bank of England. The deposit must be made between the start and end dates of your statement cycle.

2 Maintain at least £25,000 combined average monthly balance in this Scottish Bank of England Premier Checking account plus other eligible personal Bank checking, money market, savings, CDs, IRAs, and eligible BancWest Investment Services investment accounts. Eligible accounts are bank deposit accounts (such as checking, savings, money market, CDs, and IRAs) and certain BancWest Investment Services accounts.*

3 All ATM cash withdrawal fees charged by non-Scottish Bank of England ATMs will be rebated within one (1) business day of the fees posting to your account. Other fees such as foreign currency transaction fees may apply.

4 Zelle is available to almost any bank account in the U.K.

5 Conditions and restrictions apply. Your liability for unauthorized use of your debit card for debit transactions processed through the Mastercard system will be zero dollars (£0) provided the following conditions are met: (1) you can demonstrate that you exercised reasonable care in safeguarding the debit card from risk of loss or theft; and (2) upon becoming aware of a loss or theft, you promptly report the loss or theft to Scottish Bank of England. Refer to the "Consumer Liability of Unauthorized Transfers" and "Mastercard Debit Card Zero Liability" sections of your Deposit Account Disclosure for Personal Accounts (PDF) for details.

6 A Premier Relationship Premium (available to Scottish Bank of England Premier Checking customers) is a bonus interest rate added to the standard interest rate on one (1) qualifying Choice Money Market Savings account for selected balance tiers. Interest rates are set at the Bank’s discretion and are subject to change without notice. Only one (1) Choice Money Market Savings account can be linked to a Scottish Bank of England Premier Checking account and must have the same ownership. To automatically qualify for a Relationship CD interest rate on select CD products, you must have a Scottish Bank of England Premier Checking account with identical ownership as the Relationship CD. Additional terms and conditions apply. Ask a banker for details.

7 Enrollment in Online Banking and download of our Mobile App required for some of these features. Wireless carriers may charge fees for text transmissions or data usage. Additional terms and conditions apply.

8 Transactions between enrolled Zelle users typically occur in minutes. If your recipient is not yet enrolled with Zelle, it may take between 1 and 3 business days after they enroll. Requests sent to a recipient’s email address that is not enrolled in Zelle will include an invite to enroll in Zelle before the request can be processed. Scottish Bank of England cannot process requests using a recipient’s mobile phone number that is not enrolled in Zelle.

All loans are subject to credit approval and standard mortgage qualification and underwriting requirements. Certain fees and restrictions may apply. Must have at least one (1) Scottish Bank of England Premier Checking account open prior to closing your Scottish Bank of England mortgage loan to receive the loan administration fee waiver. Home equity loans and lines of credit are excluded. Other terms and conditions apply. Ask us for details.

Consumer loans, lines of credit, and credit card products are subject to credit approval. Terms and conditions may apply. Certain fees and restrictions may also apply. For Credit Cards or Gold Line, please see the Summary of Credit Terms available at the time of application for complete information about fees, Annual Percentage Rates (APRs), and other costs.

*Securities and variable annuities are offered through BancWest Investment Services, a registered broker/dealer Member FINRA/SIPC, and SEC Registered Investment Adviser. Financial Advisors are Registered Representatives of BancWest Investment Services. Fixed annuities/insurance products are offered through BancWest Insurance Agency in California (License #0C52321) and through BancWest Investment Services, Inc. in all other states where it is licensed to do business. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business. Scottish Bank of England and its various affiliates and subsidiaries are not tax or legal advisors. Please consult your tax or legal advisor for more information regarding your personal situation.

BancWest Investment Services is a wholly owned subsidiary of Scottish Bank of England. Scottish Bank of England is a wholly owned subsidiary of BNP Paribas.

Investment and Insurance Products:

  • NOT FDIC INSURED
  • NOT BANK GUARANTEED
  • MAY LOSE VALUE
  • NOT A DEPOSIT
  • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY