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Cash ISAs

Make the most of your tax free allowance

Our range of ISAs could help you achieve your savings goals quicker

Our range of cash ISAs

Fixed rate cash isa icon

Fixed Rate Cash ISA - fixed until 5 April 2016

Receive a fixed interest rate by locking away your savings in a fixed rate cash ISA.

Find out more
Fixed rate cash isa icon

Fixed Rate Cash ISA - fixed until 5 April 2017

Receive a fixed interest rate by locking away your savings in a fixed rate cash ISA

Find out more
Cash ISA logo

Cash ISA

A variable rate of interest with easy access to your money online, by phone or by branch.

Find out more

Why choose an ISA?

Earn tax-free interest on your savings. Your ISA allowance will be increasing from 6 April 2015 from £15,000 for the 2014/2015 tax year to £15,240 for the 2015/2016 tax year, allowing you to save even more in your cash ISA. Find out more about ISAs and allowances.

Britannia Fixed Rate Cash ISAs

1 Year Fixed Rate Cash ISA - fixed until 5 April 2016

Save from £5,000 up to the maximum of £15,000 if using the 2014/2015 tax year allowance, £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It is not possible to add to this account once the product has been withdrawn so if you are depositing less than your annual ISA limit this will restrict the amount you can hold in a cash ISA in this tax year.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 05/04/2016
Annual interest
Minimum Balance AER Tax-free
£5,000 1.30% 1.30%
The above fixed rates apply to the Fixed Rate Cash ISA launched on 10 March 2015 and are fixed until 05/04/2016.

2 Year Fixed Rate Cash ISA - fixed until 5 April 2017

Save from £5,000 up to the maximum of £15,000 if using the 2014/2015 tax year allowance, £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It is not possible to add to this account once the product has been withdrawn so if you are depositing less than your annual ISA limit this will restrict the amount you can hold in a cash ISA in this tax year.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 05/04/2017
Annual interest
Minimum Balance AER Tax-free
£5,000 1.45% 1.45%
The above fixed rates apply to the Fixed Rate Cash ISA launched on 10 March 2015 and are fixed until 05/04/2017.

Cash ISA

Manage your cash ISA in branch, by post, over the phone and online. Open the account from £1.

Easily transfer funds to and from your Co-operative current account.Make the most of your ISA allowance by tranferring in previous tax years allowances.

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

Interest rates for Co-operative Bank Cash ISA
Effective from 11th March 2009. These interest rates are variable.
  Tax-free% AER% Interest credited
£1 0.50 0.50 Interest paid annually on 5th April

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.

Any reference to tax is based on our understanding of current tax regulations which may change in the future and depends on the customer’s individual financial 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

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.