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Fixed Rate Savings

saving for the future

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Fixed Rate Savings

  • Fixed rate bonds logo

    Fixed Rate Bonds

    Know what return you'll get with a fixed rate of interest with our bonds, available with terms of 1, 2 and 3 years.

  • Fixed rate cash isa icon

    Fixed Rate Cash ISAs

    Use your full ISA allowance and make the most of a fixed interest rate. We have two fixed rate cash ISA accounts for you to choose from.

Why choose Fixed Rate savings?

If you're happy to lock your money away for a fixed term, you'll receive a higher rate of interest on your savings than you would earn on our instant access products.

Our merger with Britannia means you can take advantage of more accounts, including Britannia Fixed Rate Bonds.

Britannia Fixed Rate Bonds

1 Year Fixed Rate Bond

Earn a fixed rate of interest for one year, on savings between £1,000 to £1,000,000.

Choose between monthly or annual interest.

It is not possible to add to or withdraw from this account until maturity.

Interest rates for Britannia 1 Year Fixed Rate Bond
These interest rates are variable.
  Minimum Balance Gross AER Net
Annual interest £1,000  1.55%  1.55%  1.24%
Monthly interest £1,000  1.54%  1.55%  1.23%


2 Year Fixed Rate Bond

Earn a fixed rate of interest for two years, on savings between £1,000 to £1,000,000.

Choose between monthly or annual interest.

It is not possible to add to or withdraw from this account until maturity.

Interest rates for Britannia 2 Year Fixed Rate Bond
These interest rates are variable.
  Minimum Balance Gross AER Net
Annual interest £1,000 1.80% 1.80%
 1.44%
Monthly interest £1,000 1.79% 1.80%  1.43%


3 Year Fixed Rate Bond

Earn a fixed rate of interest for three years, on savings between £1,000 to £1,000,000.

Choose between monthly or annual interest.

It is not possible to add to or withdraw from this account until maturity.

Interest rates for Britannia 3 Year Fixed Rate Bond
These interest rates are variable.
  Minimum Balance Gross AER Net
Annual interest £1,000  2.20%  2.20%  1.76%
Monthly interest £1,000  2.18%  2.20%  1.74%


Britannia Fixed Rate Cash ISAs

Fixed Rate Cash ISA - fixed until 30 September 2015

Save the full cash ISA allowance (if you’re using this tax years allowance) and transfer in from £1 using previous tax years allowances.

Earn a fixed rate of interest paid on a set date.

It is not possible to add to this account, and withdrawals, closures and transfers out before the maturity date are subject to a penalty of 180 day’s loss of interest.

To open this account you must be a UK resident, aged 16 or over.

Interest rates for Britannia Fixed Rate Cash ISA - fixed until 30/09/2015
Annual interest
Minimum Balance AER Tax-free
£15,000 1.45% 1.45%
The above fixed rates apply to the Fixed Rate Cash ISA launched on 9 September 2014 and are fixed until 30/09/2015.


Fixed Rate Cash ISA - fixed until 30 September 2016

Save the full cash ISA allowance (if you’re using this tax years allowance) and transfer in from £1 using previous tax years allowances.

Earn a fixed rate of interest paid on a set date.

It is not possible to add to this account, and withdrawals, closures and transfers out before the maturity date are subject to a penalty of 180 day’s loss of interest.

To open this account you must be a UK resident, aged 16 or over.

Interest rates for Britannia Fixed Rate Cash ISA - fixed until 30/09/2016
Annual interest
Minimum Balance AER Tax-free
£15,000 1.60% 1.60%
The above fixed rates apply to the Fixed Rate Cash ISA launched on 9 September 2014 and are fixed until 30/09/2016.


Definitions

AER - AER Stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

Gross - The gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax).

Net - The net rate of interest is the interest payable after any income tax is deducted (if you do pay tax).

Tax free - Tax-free is the contractual rate of interest payable where interest is exempt from income tax.

Tax year - A tax year runs from 6 April to 5 April the following year.

Can't decide?

ISA Selector

If you want tax free savings but you aren't sure which ISA is right for you, our ISA Selector tool may be able to help.

The tax information provided is based on our current understanding of current law and HM Revenue & Customs practice which can change. Tax treatment depends on an individual’s personal circumstances.

The Co-operative Bank reserves the right to decline to accept any application and/or deposit.

Remember you can subscribe to a Co-operative Bank/ Britannia Cash ISA as long as you have not subscribed to another cash ISA with another provider in the current tax year.

FSCS logosmile, The Co‑operative Bank and Britannia are trading names of The Co‑operative Bank plc, which is a member of the Financial Services Compensation Scheme (FSCS).  Find out more