Interest rates for our savings products no longer available
Below are the current interest rates for savings accounts no longer available to new savers. Please note that since these products were launched we've changed the way we use your personal information. Please see the how we use your personal information PDF.
The Co-operative Bank savings general terms and conditions (PDF)
The Co-operative Bank
Instant Access
- Bonus Account
- Cash Saver
- The Co-operative Bank Instant Access Savings Account
- The Co-operative Instant Access Savings Account
- The Co-operative Membership Savings
- Deposit
- Investment 90
- Linked Savings
- Pathfinder
- Personal Special Deposit
- Privilege Premier Savings
- Privilege Savings
- Save Direct
- Savewise
- Savings Plus
- TESSA Deposit (Matured TESSA account)
| Balance | AER% | Gross% | Interest credited |
| £5,000+ | 1.81 | 1.81 | Annually |
| £1,000+ | 1.81 | 1.81 | Annually |
| £1+ | 1.81 | 1.81 | Annually |
| Effective from 7 September 2023. These interest rates are variable. |
| Balance | AER% | Gross% | Interest credited |
| £50,000+ | 1.81 | 1.81 | Bi-annually |
| £10,000+ | 1.81 | 1.81 | Bi-annually |
| £5,000+ | 1.81 | 1.81 | Bi-annually |
| £1+ | 1.81 | 1.81 | Bi-annually |
| Effective from 7 September 2023. These interest rates are variable. |
| Balance | AER% | Gross% | Interest credited |
| £200+ | 1.81 | 1.81 | Annually |
| £1+ | 1.81 | 1.81 | Annually |
| Effective from 7 September 2023. These interest rates are variable. |
| Balance | AER% | Gross% | Interest credited |
| £1+ | 1.81 | 1.81 | Annually |
| Effective from 7 September 2023. These interest rates are variable. |
| Balance | AER% | Gross% | Interest credited |
| £1+ | 1.81 | 1.81 | Annually |
| Effective from 7 September 2023. These interest rates are variable. |
| Balance | AER% | Gross% | Interest credited |
| £50,000+ | 1.81 | 1.81 | Bi-annually |
| £10,000+ | 1.81 | 1.81 | Bi-annually |
| £5,000+ | 1.81 | 1.81 | Bi-annually |
| £1+ | 1.81 | 1.81 | Bi-annually |
| Effective from 7 September 2023. These interest rates are variable. |
| Balance | AER% | Gross% | Interest credited |
| £50,000+ | 1.81 | 1.81 | Bi-annually (or monthly) |
| £25,000+ | 1.81 | 1.81 | Bi-annually (or monthly) |
| £10,000+ | 1.81 | 1.81 | Bi-annually (or monthly) |
| £5,000+ | 1.81 | 1.81 | Bi-annually (or monthly) |
| £1+ | 1.81 | 1.81 | Bi-annually (or monthly) |
| Effective from 7 September 2023. These interest rates are variable. |
| Balance | AER% | Gross% | Interest credited |
| £1+ | 1.81 | 1.81 | Annually |
| Effective from 7 September 2023. These interest rates are variable. |
| Balance | AER% | Gross% | Interest credited |
| £100,000+ | 1.82 | 1.81 | Monthly |
| £50,000+ | 1.82 | 1.81 | Monthly |
| £15,000+ | 1.82 | 1.81 | Monthly |
| £5,000+ | 1.82 | 1.81 | Monthly |
| £2,500+ | 1.82 | 1.81 | Monthly |
| £1+ | 1.82 | 1.81 | Monthly |
| Effective from 7 September 2023. These interest rates are variable. |
| Balance | AER% | Gross% | Interest credited |
| £50,000+ | 1.81 | 1.81 | Bi-annually |
| £10,000+ | 1.81 | 1.81 | Bi-annually |
| £5,000+ | 1.81 | 1.81 | Bi-annually |
| £1+ | 1.81 | 1.81 | Bi-annually |
| Effective from 7 September 2023. These interest rates are variable. |
| Balance | AER% | Gross% | Interest credited |
| £100,000+ | 5.25 | 5.25 | Annually |
| £1+ | 5.15 | 5.15 | Annually |
| Effective from 7 September 2023. These interest rates are variable. |
| Balance | AER% | Gross% | Interest credited |
| £1+ | 4.96 | 4.96 | Annually |
| Effective from 7 September 2023. These interest rates are variable. |
| Balance | AER% | Gross% | Interest credited |
| £100,000+ | 1.81 | 1.81 | Annually |
| £50,000+ | 1.81 | 1.81 | Annually |
| £25,000+ | 1.81 | 1.81 | Annually |
| £15,000+ | 1.81 | 1.81 | Annually |
| £5,000+ | 1.81 | 1.81 | Annually |
| £250+ | 1.81 | 1.81 | Annually |
| £1+ | 1.81 | 1.81 | Annually |
| Effective from 7 September 2023. These interest rates are variable. |
| Balance | AER% | Gross% | Interest credited |
|---|
| £50,000+ | 1.81 | 1.81 | Bi-annually |
| £10,000+ | 1.81 | 1.81 | Bi-annually |
| £5,000+ | 1.81 | 1.81 | Bi-annually |
| £1+ | 1.81 | 1.81 | Bi-annually |
| Effective from 7 September 2023. These interest rates are variable. |
| Balance | AER% | Gross% | Interest credited |
|---|
| £1+ | 4.75 | 4.75 | Annually |
| Balance | AER% | Gross% | Interest credited |
|---|
| £1+ | 1.81 | 1.81 | Annually |
| Effective from 7 September 2023. These interest rates are variable. |
| Balance | AER% | Gross% | Interest credited |
|---|
| £1+ | 1.81 | 1.81 | Annually |
| Effective from 7 September 2023. These interest rates are variable. |
Fixed Rate Cash ISA
Your rate is fixed which means it won't change during the term. Please refer to your welcome letter or statement to check your rate. You can also log onto online banking or the mobile app to check your rate. Alternatively visit us in branch or contact us.
Fixed Term Deposit
Your rate is fixed which means it won't change during the term. Please refer to your welcome letter or statement to check your rate. You can also log onto online banking or the mobile app to check your rate. Alternatively visit us in branch or contact us.
Select Access Saver 1
| Balance | AER % | Cross % | Interest credited |
|---|
| If you make 4 withdrawals or less per calendar year | £1+ | 3.25 | 3.25 | Annually |
| If you make 5 withdrawals or more per calendar year | £1+ | 1.31 | 1.31 | Annually |
| Effective from 7 September 2023. These interest rates are variable. |
Savings terms explained
AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest were paid and added to your account each year.
Business day is usually Monday to Friday excluding bank holidays.
Calendar month means from midnight on the first day of a month to 11.59:59pm on the last day of the month.
Fixed interest means the rate stays the same until the account matures.
Gross is the rate of interest payable before any tax is taken off.
Tax-free means you will not pay any tax on your interest.
Tax year runs from 6 April to 5 April.
Variable interest means that it could go up or down.
Please note: any reference to tax is based on our understanding of current tax regulations which may change in the future and depend on the customer's individual financial circumstances.
The Co-operative Bank reserves the right to decline or accept any application and/or deposit.
Financial Services Compensation Scheme
Your eligible deposits held by a UK establishment of The Co-operative Bank plc are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. This limit is applied to the total of any deposits you have with the following: The Co-operative Bank, Britannia and smile. Any total deposits you hold above the limit between these brands are unlikely to be covered.
Please read further information on the FSCS scheme here or visit their website.
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