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Fixed Rate Savings

Watch your savings grow

Have a fixed rate of interest so you know what your savings will earn

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.

Find out more
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Fixed Rate Cash ISAs

Save up to 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.

Find out more

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  1.10%  1.10%  0.88%
Monthly interest £1,000  1.09%  1.10%  0.87%

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 1.30% 1.30%
 1.04%
Monthly interest £1,000 1.29% 1.30%  1.03%

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  1.70%  1.70%  1.36%
Monthly interest £1,000  1.69%  1.70%  1.35%

Britannia Fixed Rate Cash ISAs

1 Year Fixed Rate Cash ISA - fixed until 31 July 2016

Save from £5,000 up to the maximum of £15,240 if using the 2015/2016 tax year allowance and/or £1 if transferring previous years' cash ISAs with Britannia or other providers.

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

It is not possible to add to this account once the product has been withdrawn so if you are depositing less than your annual ISA limit this will restrict the amount you can hold in a cash ISA in this tax year.

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 31/07/2016
Annual interest
Minimum Balance AER Tax-free
£5,000 1.20% 1.20%
The above fixed rates apply to the Fixed Rate Cash ISA launched on 30 June 2015 and are fixed until 31/07/2016.

2 Year Fixed Rate Cash ISA - fixed until 31 July 2017

Save from £5,000 up to the maximum of £15,240 if using the 2015/2016 tax year allowance and/or £1 if transferring previous years' cash ISAs with Britannia or other providers.

Earn a fixed rate of interest paid on a set date

It is not possible to add to this account once the product has been withdrawn so if you are depositing less than your annual ISA limit this will restrict the amount you can hold in a cash ISA in this tax year.

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 31/07/2017
Annual interest
Minimum Balance AER Tax-free
£5,000 1.35% 1.35%
The above fixed rates apply to the Fixed Rate Cash ISA launched on 30 June 2015 and are fixed until 31/07/2017.

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