Bank of Scotland launches new Instant Access Savings Account Reward

Friday 11th July 2008

Bank of Scotland has today announced the launch of a new limited edition Instant Access Savings Account Reward (IASA Reward). The account will be available until 10th August 2008.

The key features of the account are:

A fixed rate of 6.50% AER/gross p.a. for 12 months
Up to 4 withdrawals during the 12-month Reward period
Unlimited deposits
Minimum balance £1
Can be opened by phone, online or in Bank of Scotland branches
Can be managed 24/7 by telephone, online and post
Optional ATM card
One account per customer

After 12 months, or if the above conditions are not met, the account becomes the standard Instant Access Savings Account (IASA) with variable interest rates.

Interest Rates:

Annual Interest	Balance	AER	Gross p.a.	Net p.a.
	£1 - £9,999,999	6.50%	6.50%	5.20%
Monthly Interest	Balance	AER	Gross p.a.	Net p.a.
	£1 - £9,999,999	6.50%	6.31%	5.05%

Tony Wilcox, head of savings at Bank of Scotland, said:

"We have launched our new IASA Reward to assist Savers looking to make the most of their money. The account offers a fantastic rate of interest, guaranteed for 12 months, which beats our competitors hands down and also allows customers to access their savings, without penalty, should they really need to. "

Editors' Notes:

The new issue of the Bank of Scotland Instant Access Savings Account Reward (IASA Reward) will be on offer until 10th August 2008, but may be withdrawn earlier.

Customer Helpline: 08456 020304