Scottish Widows Bank
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.
| 5 Year Fixed Term Deposit Account | 4.55% | |
| Interest can be paid Annually at 4.55% AER, Quarterly at 4.47% AER or Monthly at 4.45% AER. Minimum Deposit £10,000 |
| The Royal Deposit Plan | 4.00% | |
| 3 year fixed rate deposit plan that returns 4.00% a year. Minimum investment £3,600. |
| 18 Month Fixed Rate Bond | 3.00% | |
| 18 Month Fixed Rate - 3.00% AER. Open to new and existing customers. Click to learn more. |
| Santander 1 Year Fixed Rate Bond | Up to 2.75% | |
| Available to new and existing customers. Deposit over £1 and receive 2.50% AER, deposit over £10K to 2.75% AER |
| 1 Year Fixed Term Deposit Account | 2.00% | |
| Minimum Deposit £10,000. 1 year fixed rate bond available to new and existing customers. |
Only Available to Nationwide Flex-Account customers | Nationwide E Bond: 6 months | up to 2.25% | |
| Earn 2.25% AER on balances over £1. |
| Tesco Internet Saver | 2.75% | |
| The 2.75% rate shown includes a fixed 1.50% bonus for 12 months on balances up to £100,000. |
| Online Saver | 2.75% | |
| The 2.75% rate shown includes a fixed 2.25% bonus for at least 12 months. Open with a minimum deposit of £1,000. |
| Direct Transfer Account | 2.70% | |
| Includes a 0.69% bonus payment for the 1st 12 months giving you a return of 2.70% AER. Open from £1,000. |
| ING Direct Savings Account | 2.50% | |
| Rate guaranteed for 12 months from date account opened. Save from just £1. |
| e-Saver | 2.50% | |
| 2.50% includes a 12 month bonus of 2.00%. AER without bonus is 0.50% |
| Savings Account 2 | 2.50% | |
| 2.50% includes a 12 month bonus of 2.00%. AER without bonus rate is 0.50%. |
| Instant Saver | 2.10% | |
| 2.10% includes a 12 month bonus of 2.00%. AER without bonus is 0.10% |
| Lloyds TSB International Bonus Saver | 2.01% | |
| 2.01% includes a 12 month bonus of 0.50%. Rate without bonus is 1.50% |
Only Available to Nationwide Flex-Account customers | Nationwide E Savings Plus | 2.00% | |
| [No bonus] Available to Nationwide Flex Account holders only. Rate applies where 3 or fewer withdrawals are made each year. |
| Online Bonus Saver | 0.75% | |
| 0.75% including a 0.50% bonus on months where you don't make a withdrawal. Rate without bonus is 0.25%. |
| FTSE Income Plan - Conditional Income Option |  | 6.50% pa* | |
| 5 Year Structured Income Plan with offering an annual yield of 6.50% |
| FTSE Income Plan - Fixed Income Option | | 5.80% pa | |
| 5 Year Structured Income Plan offering an annual yield of 5.80%. |
| Fidelity China Special Situations PLC | | | |
| NEW LAUNCH NOW OPEN - To be managed by Anthony Bolton one of the UK's most renowned fund managers who believes the investment opportunity presented by China is just too good to miss. No Initial Charges if you invest by 5th April 2010. |
| Schroders Income Maximiser | | Click for Details | |
| The Schroder Income Maximiser Fund ISA aims to deliver a target income yield of 7% pa, also providing potential capital growth. Income is paid quarterly. |
| Invesco Perpetual Corporate Bond ISA | | 6.23%*** | |
| This highly popular fund aims to achieve a high level of overall return with relative security to capital. Income Paid to you twice yearly. Up to 100% Discount off the Standard Initial Fund Charge. |
| Artemis Income ISA | | 5.40%* | |
| One of the leading UK Equity Income Funds. The Fund managers hunt out companies with strong free cash flow and solid balance sheets. Income is paid to you twice yearly. 100% Discount off the Standard Initial Fund Charge. |
| M&G Corporate Bond ISA | | 4.80%* | |
| The M&G Corporate Bond Fund is a conservative ‘blue chip’ sterling fund that aims to produce a higher return than UK government bonds. Income is Paid to you Quarterly. 100% Discount off the Standard Initial Fund Charge. |
| Invesco Perpetual High Income Fund ISA | | 4.69%** | |
| One of the UK's most popular income fund ISAs the Invesco Perpetual High Income has delivered consistently good long term returns through a variety of market conditions. Income is paid to you twice yearly. 100% Discount off the Standard Initial Fund Charge. |
| Jupiter Merlin Income Portfolio | | 4.10%* | |
| The Jupiter Merlin Income Portfolio fund aims to achieve a high and rising income with some potential for capital growth. Income Distributions are made to you quarterly. 95% Discount Off the Standard Initial Fund Charge. |
* Income payments are dependent upon the FTSE 100 Index.
† Guaranteed income payments.
Disclaimer (Please Read)
Please bear in mind that:
- Investment ISAs are designed as medium to long term investments, for example at least five years.
- The value of your investment and the level of any income received from it can fall as well as rise and is not guaranteed and you may not get back the amount of your original investment.
- The tax efficiency of ISAs is based on current tax law and there is no guarantee that tax rules will stay the same in the future.
- The list of funds provided above should not be seen in any way as being a recommendation. No advice has been given and you should be aware that any investment which takes place will be transacted on an “execution only” basis.
- Full details of the funds, including investment performance statistics and risk profile will be provided in the documentation/brochure sent to you and it is up to you to ensure that you fully understand the nature of investment before proceeding. If you are at all unsure of the suitability of the type of investment, both in respect of its objectives and its risk profile, you should seek independent financial advice.
- Any income yield quoted is correct at the time of going to press. Income yields vary and are only estimates. The actual dividend income that you receive will depend upon the income payable by the underlying assets of the fund and could change, either up or down, at any time. Dividend income from an ISA will, under current legislation, be free of UK income tax. Dividend income paid from a fund not held within an ISA will be subject to income tax, which may or may not be reclaimable depending upon your circumstances and the type of investment. In some cases, there may be additional income tax to pay.
- If you choose a fund which invests overseas, there is the addition of “exchange rate” risk which could reduce any gains or increase losses if the currency moves against you.
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