Scotplus - 90 Day Notice

Scotty

Attractive interest with access should you need it

With £500 or more, you can open a Scotplus account, which offers attractive interest rates, and you enjoy even more interest on larger balances. Withdrawals are available if you give 90 days' notice or immediately if your remaining balance is £10,000 or more.

  • Minimum opening balance £500
  • Instant access when £10,000 remains in your account
  • For smaller balances, withdrawals are subject to 90 days' notice (or 90 days' loss of interest on the amount withdrawn)
  • Your interest rises through several rate bands - as your investment grows, you automatically earn more interest
  • Interest paid annually on 30 April

If your balance falls below £500, you will receive interest at the rate applicable to Scotline accounts.

How to open an account.

Opening an account couldn't be easier. Simply click here for an Application Form.

Complete the form and take it along to any Scottish Building Society branch or local office.

Alternatively, you can send your completed application form, together with your initial deposit, to us at the following address:

FREEPOST

RLYC-AAGE-YURH

Scottish Building Society

SBS House

193 Dalry Road

Edinburgh

EH11 2EF

Your passbook will then be posted to you.

Your Right to Cancel

If you wish to change your mind about any savings or investment account, please contact us within 14 days of opening the account. We will help you select a more suitable account or return your money in full together with any interest earned (ignoring any notice period or charges).

Summary Box: Key Product Information for Scotplus
Account Name Scotplus
Interest Rate Click here for current rates.
Tax Status Interest is normally paid or credited after deduction of income tax at the savings rate of 20%, and the net interest rates shown illustrate the effect of this. Interest may be paid gross where you are eligible for interest without tax deducted and where you complete the required declaration.
Conditions for Bonus Payment Not applicable as there is no bonus associated with this product.
Withdrawal Arrangements Immediate access without notice or penalty where £10,000 remains in your account after withdrawal. Otherwise withdrawals are subject to 90 days notice or 90 days loss of interest on the amount withdrawn.
Access In person via branches and agencies or by post.
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