List of The Best Banks In Scotland

Do you reside or live in Scotland? Or are you a new resident and you are looking to settle down but need help with the financial aspect? Then I am glad you found this article. It will be a good idea if you read through it because it has everything you need to know. Now, you will be learning about The Best Banks in Scotland.

List of The Best Banks In Scotland

Frankly speaking, there are a lot of banking institutions in Scotland that provide the best services to their customers. But if you are experiencing difficulties or problems choosing which one works for you, then do not worry. At the end of this article, you will be able to find and choose the one that you are sure will work well for you. So, sit back as I take you down the right lane to find important information about these banks.

The Best Banks In Scotland

Everybody wants the best and we all want convenience. So, if you want to feel at ease concerning your finances in Scotland, then these bans can help you and give you the services you deserve.

  • Lloyds TSB.
  • Clydesdale Bank.
  • Halifax.
  • Bank of Scotland.
  • HSBC.
  • Royal Bank of Scotland.

Lloyds TSB

One of the best banks in Scotland is Lloyds TSB. It is also known as Trustee Savings Bank and is recognized to be the earliest pride of Scotland. Furthermore, Lloyds TSB is a trusted customer brand and has a strong workforce that makes it one of the best.

Its banking services to its customers are excellent and I am sure that you want to check it out. What’s more, this bank functions on a current account that consist of under 19s account, Spend & Save, Student Graduate, and Cash. Moreover, there is no minimum deposit.

Clydesdale Bank

Secondly, we have Clydesdale Bank. If you are searching for a bank with excellent customer service, this bank is one that you should consider. Equally important, Clydesdale Bank assists all its clients to reach and achieve their goals.

Plus, all of your savings are in good hands. Furthermore, Clydesdale Bank allows customers to control all of their finances. So, if you are interested, you can open either a basic, savings or current account.

But if you want to open an account with this bank, you need to deposit at least £1. In addition, there is no maximum balance restriction.


Halifax is another good bank in Scotland. When you create an account with them, you can be able to handle and control all your daily spending. Plus, you create an account that has insurance benefits.

Unlike Clydesdale Bank, you can only create a savings and current account and you need £5 cash deposit at least in your account.

Bank of Scotland

One of the best banks in Scotland is the Bank of Scotland. So, you can create a Youth and student account, Platinum, and Classic account. But you also need to have a minimum deposit of £1. In addition, a 1.50% AER Interest rate will be charged on accounts with balances around £4,000 and £5,000.


HSBC is one of the most popular banks in Scotland. Furthermore, they provide the best banking services as well for their customers. They also allow you to manage your fund using their different account types.

For instance, you can either open a savings account or a current account. However, you need to have a minimum of £1 in your account. So, you can check out their official website to find out their other services and find the guide you need to open a new account.

Royal Bank of Scotland

Lastly, we have the Royal Bank of Scotland. This is also one of the best banks that you need to create an account with. Furthermore, it was founded in 1727 in Edinburgh and still remains the best. What’s more, it is very famous for its excellent banking services.

Moreover, there are three types of accounts that you can open at the Royal bank of Scotland.  They include Foundation accounts, Everyday bank accounts, and lastly, Joint accounts. But apart from these accounts, they also provide customers with other account options like child & teen bank accounts, Rewards accounts, and student accounts as well.