Scottish Widows Bank

Scottish Widows was formed in 1815, and has been aiming ever since to help its customers construct their financial futures. It was Scotland’s first mutual life office, and has since claimed to be one of the most recognised brands in the financial industry. It provides a solid array of financial products, including:

  • Savings and investment products covering the short and long term, with ISAs, bonds, and saving accounts available with varying levels of access and competitive rates of interest. One example is the Treasury Tracker Account, which links to the Bank of England base rate and is designed to be alongside an existing current account.
  • Scottish Widows Loans which can allow you to borrow up to eighty percent of the value of your Scottish Widows Life Assurance Policy. Compare this deal to others in the UK using our online loan calculator.
  • Whether buying for the first time, moving house, buying to let, or simply remortgaging, customers can make use of a Scottish Widows Mortgage, with options for professional, flexible, lifetime, or graduate mortgages.


Review of Scottish Widows

With a history that goes back almost two centuries, Scottish Widows adopted their living logo in 1986, a change that had an immediate effect on name awareness and has remained with the company ever since. As part of the Lloyds TSB group, Scottish Widows manages over £82 billion worth of client funds, with 4,000 employees and a focus on providing excellent services to their customers.

ProviderAccount Set Up FeeFee per monthFeaturesApply
N/A£12.50No credit checks.** Prepaid MasterCard. No account opening fee. More Info >
£4.95£9.95No credit checks**. Prepaid MasterCard. Credit Building facility. More Info >
£4.95£9.95No credit checks.** Up to 20 free payments and standing orders a month. Prepaid MasterCard.More Info >

**See Terms and Conditions