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Cash ISAs

saving in an isa

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

  • Select Access Cash ISA 5 logo

    Select Access Cash ISA 5

    Get a higher interest rate for keeping your withdrawals to two or less per each tax year.

  • Cash ISA logo

    Cash ISA

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

  • Fixed rate cash isa icon

    Fixed Rate Cash ISA - fixed until 31 July 2015

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

  • Fixed rate cash isa icon

    Fixed Rate Cash ISA - fixed until 31 July 2016

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

Why choose an ISA?

Earn tax-free interest on your savings. As of the 1st July 2014 your ISA allowance increased to £15,000 allowing you to save even more in your cash ISA. Find out more about ISAs and allowances

ISAs

Select Access Cash ISA 5

Receive a higher rate of interest if you make no more than 2 withdrawals per tax year.

Make the most of your ISA allowance by transferring in previous tax years.

To open this cash ISA you must be a UK resident aged 16 or over.

Interest rates for Britannia Select Access Cash ISA 5
Annual Interest
Withdrawals Tax-free AER
Two withdrawals (including partial balance transfers) or less per tax year 1.40% tax-free 1.40%
Three withdrawals (including partial balance transfers) or more per tax year until 5 April. It will revert to the higher rate payable on the account at that time, on 6 April^ 0.25% tax-free 0.25%
^If you make more than two withdrawals (including partial balance transfers) during the same tax year, the lower rate of interest will apply from your third withdrawal, or partial balance transfer, until 5 April in the same tax year. The interest rate on your Account will revert to the higher rate on 6 April of the following tax year.
The minimum initial payment that can be made into your ISA is £500 and the minimum balance is £1.
The above variable rates are effective from 22 July 2014.


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
These interest rates are variable
  Tax-free% AER% Interest credited
£1 0.50 0.50 Interest paid annually on 5th April


Britannia Fixed Rate Cash ISAs

Fixed Rate Cash ISA - fixed until 31 July 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 31/07/2015
Annual interest
Minimum Balance AER Tax-free
£15,000 1.55% 1.55%
The above fixed rates apply to the Fixed Rate Cash ISA launched on 22 July 2014 and are fixed until 31/07/2015.


Fixed Rate Cash ISA - fixed until 31 July 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 31/07/2016
Annual interest
Minimum Balance AER Tax-free
£15,000 1.80% 1.80%
The above fixed rates apply to the Fixed Rate Cash ISA launched on 22 July 2014 and are fixed until 31/07/2016.


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.

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