Bank of Scotland Flexible Savings Account: Tagesgeld Review 2026
In a nutshell:
- The “Tagesgeld” is a flexible savings account offered by Bank of Scotland.
- It pays a top interest rate of 2.5% annually.
- Savings are protected under the national deposit insurance scheme of Germany.
Find all the details below in our frequently asked questions, or enter your savings amount and duration in our interest calculator below to easily figure out in a few seconds how much return you can earn with your flexible savings account by Bank of Scotland.
Bank of Scotland
Tagesgeld
2.50%
annual percentage yield
How much interest does the Bank of Scotland Tagesgeld pay?
Bank of Scotland offers the flexible savings account "Tagesgeld" with annually interest payouts. The promotional interest rate of 2.5% is valid for 3 months. This interest is applicable for account balances of at most 100,000 euros. The regular interest rate is 1.25%.
Who is behind Bank of Scotland?
Bank of Scotland is part of Lloyds Banking Group and operates across the UK as a retail and commercial bank. Founded in 1695, it has a long history and provides current accounts, savings, and mortgage products. In Germany and Europe, the Bank of Scotland brand appears via specific product partnerships or online offerings, sometimes targeted at cross-border customers.
How safe is my money with Bank of Scotland?
For any Bank of Scotland product offered in Germany or the EU, local legal frameworks apply. The German Lloyds Bank GmbH participates in the national deposit insurance scheme (Entschädigungseinrichtung deutscher Banken), which provides up to 100,000 euros per client. Germany holds the top AAA sovereign credit rating.
How can I manage the Tagesgeld account?
Bank of Scotland account management in Germany is entirely online. To access the flexible savings account, you can only use a web interface. There is no mobile application. However, you can use secure messaging via the online banking and the hotline for any inquiries regarding the Tagesgeld.
How can I open the Bank of Scotland Tagesgeld?
Opening a Bank of Scotland flexible savings account in Germany requires German residency, and account openers must be at least 18 years old. You also must have a German mobile phone number and a valid e-mail address. You can confirm your identity entirely online by VideoIdent or in person at a Deutsche Post office. The Tagesgeld account is available within 48 hours after completing the identification process.
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