Direct Transfer 2 - Scottish Widows Bank

Direct Transfer 2

Scottish Widows Bank
0.35 % AER
Headline Interest Rate
Easy Access
Compensation Scheme
£ 1,000 min initial deposit
£ 5,000,000 max balance
  • Open By:

About the account

Account Type: Easy Access
Headline Interest Rate: 0.35 % AER
Headline Interest Balance: £ 1,000
Protection Scheme: This account is covered by the Financial Services Compensation Scheme.
Minimum Initial Deposit: £ 1,000
Date account was introduced: 01 Oct 2012
Date of last rate changed: 01 Oct 2012
Maximum rate change: -0.25 %

This account may be appropriate for you if

  • You are over 16 years of age

Rate details

Gross Rate
Excluding Bonus
Gross Rate
Including Bonus

Account access

Open account byManage account by
Interest Payment Option
Interest Added to Account
Interest Paid to Other A/c
Interest Paid to Bank A/c
Interest Paid by Cheque
Interest Payment Frequency: annually, monthly, quarterly
Minimum Balance: £ 1
Maximum Balance: £ 5,000,000
Statement Frequency: on request
Additional Deposits: Not allowed
Standing Orders: Not allowed


Minimum Withdrawal: £ 100


Trustee Types: This account can be set up on the basis of an informal trust (for example parent for a child).
Additional Subscriptions Permitted: This account does not let you transfer ISA savings from a deceased spouse

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