Member Savings Bond 195
- 4.25% Gross/AER fixed until 18 February 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
Member Savings Bond 196
- 4.20% Gross/AER fixed until 17 June 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
Member Savings Bond 197
- 4.00% Gross/AER fixed until 24 March 2027
- 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
Questions we get asked
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.
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.
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.
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.
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.
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.
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:
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up to £85,000 per eligible person, per bank, building society or credit union.
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up to £170,000 for joint accounts.
Find out more by visiting fscs.org.uk
Important Information
We're here to help
You can visit us in our Relationship Centres, or call us on 0333 207 4007. Our lines are open 9am - 5pm Monday to Friday (10am - 5pm Wednesday). Calls may be recorded and/or monitored.