If you don't need access to your savings, you could earn a higher rate of interest with a fixed rate bond.

Our limited edition fixed rate bonds pay a fixed rate of interest for a set period of time, making them ideal for lump sum deposits. You can invest from £500 up to £1 million in each bond.


Fixed Rate Bonds currently available

  • 3 year Bond, 1.10% Gross/AER, maturing on 22 November 2023

Please note, all bonds are subject to availability and may be withdrawn at any time.


How to apply

You can download an application form below, complete your details and post to us along with a cheque for the amount you want to invest and proof of ID.

Or, give us a call on 0345 600 0585 or email mail@scottishbs.co.uk and we'll be happy to send you an application pack. Calls may be recorded and/or monitored.

Please note, due to the current Covid-19 situation, it may take longer than usual to process your application.


Important information

Please read the following before starting your application.

Product summary leaflets

Your Questions Answered

How much do I need to open an account?

You can open the account with any amount from £500 to £1 million; no additional funds can be added at any time.      

Can I make withdrawals from my Fixed Rate Bond?

No withdrawals are permitted during the fixed rate period. When the fixed rate term ends, you will have instant access to your savings with no restrictions. We will write to remind you of this shortly before your term ends.

Can I close my Fixed Rate Bond early?

No - closure during the fixed rate period is not permitted. 

Am I guaranteed to be accepted for this bond issue?

Whe we announce new bonds, they are on a strictly limited issue and applications are accepted on a ‘first come, first served’ basis until the issue has been fully subscribed.  If your application is received after the issue has been closed, we will contact you to obtain further instructions.

When is the interest due?

Depending on which of our Fixed Rate Bonds you have, interest will be added to your account when the account matures (see above for dates). If you prefer, the interest can be transferred to another account with us or paid to your bank

New Saver Enquiries

0345 600 0585

New Mortgage Enquiries

0345 600 4085

Lines open 9-5 Mon to Fri (10-5 Wed). Calls may be recorded and/or monitored.

Existing Member Enquiries

To talk to us about an existing savings or mortgage account, contact your local office

Find your local office