Background image: Member Only Savings Bonds

Member Only Savings Bonds

Our Member Bonds are available to existing Scottish Building Society members who have had a savings account and/or mortgage with us for at least 12 consecutive months prior to the date of application.

Our Member Bonds offer a higher rate of interest and a better return on your savings than our regular savings bonds. The interest rate is fixed, giving you the confidence of a guaranteed return at the end of the term.

You can open a Member Savings Bond face-to-face in one of our Relationship Centre or by downloading an application form and sending it to us with proof of identity.

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Member Savings Bond 171

Key Information
  • 4.61% Gross/AER fixed until 29 July 2025
  • You can invest from £500 up to £1,000,000 in each bond
  • Typically offers a higher interest rate than our Savings Bonds
  • Accounts can be opened in our Relationship Centres or by post by existing members who have held a product with us for at least 12 consecutive months prior to the date of application
Interest Rate
4.61%
Gross/AER Fixed
What might a Members Savings Bond 171 look like for me?
Initial Deposit
Balance after 12 months
Interest earned
£1,000.00
£1,046.10
£46.10
£10,000.00
£10,461.00
£461.00
£25,000.00
£26,152.50
£1,152.50
£50,000.00
£52,305.00
£2,305.00
Interest Rates

Member Savings Bond 172

Key Information
  • 4.40% Gross/AER fixed until 26 August 2026
  • You can invest from £500 up to £1,000,000 in each bond
  • Typically offers a higher interest rate than our Savings Bonds
  • Accounts can be opened in our Relationship Centres or by post by existing members who have held a product with us for at least 12 consecutive months prior to the date of application
Interest Rate
4.40%
Gross/AER Fixed
What might a Members Savings Bond 172 look like for me?
Initial Deposit
Balance after 12 months
Interest earned
£1,000.00
£1,044.00
£44.00
£10,000.00
£10,440.00
£440.00
£25,000.00
£26,100.00
£1,100.00
£50,000.00
£52,200.00
£2,200.00
Interest Rates

Questions we get asked

What is a Member Savings Bond?

This account is only for existing members of Scottish Building Society who have had a savings account and/or mortgage with us for at least 12 consecutive months prior to the date of application.

Our Member Bonds offer a higher rate of interest and a better return on your savings than our regular savings bonds. The interest rate is fixed, giving you the confidence of a guaranteed return at the end of the term.

 

What’s the interest rate?

The rate is fixed for the term of the Bond, so you know exactly how much interest you’ll get back when the Bond matures.

You can see all our interest rates here.

How do I open a Member Savings Bond?

You can open a Member Savings Bond in one of our Relationship Centres or you can download an application form and send it to us with a cheque for your initial deposit and proof of ID. Please read our Proof of ID checklist for details of ID we can accept.

This account is only for existing members of Scottish Building Society who have had a savings account and/or mortgage with us for at least 12 consecutive months prior to the date of application.

How much can I save in a Member Savings Bond?

The minimum opening balance is £500 up to a maximum of £1,000,000. Additional funds can only be deposited in the 14 days after the Bond is opened. After the first 14 days, no further funds can be deposited during the term.

Can I withdraw money?

No withdrawals are permitted during the fixed rate period. When the Bond matures, you can withdraw your maturing funds or transfer some, or all, of your funds to a new Bond.

Can I close my Member Savings Bond early?

No, your funds need to remain in the Bond until it matures. Our Members Bonds are offered on a first-come, first-served basis and can be withdrawn once the subscription is full. If we receive your application after the Bond is fully subscribed, we’ll contact you for further instructions.

Financial Services Compensation Scheme

The deposits in your Bond are protected by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme.

If your bank or building society fails and can’t pay back your money, FSCS can automatically pay you compensation:

  • up to £85,000 per eligible person, per bank, building society or credit union.

  • up to £170,000 for joint accounts.

Find out more by visiting fscs.org.uk

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