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Smart Saver

Get full control of your savings, allowing you access to your funds whenever you need them. Ideal for your emergency savings, or to build up a savings fund.

Apply now

Retrieve application

Alternatively you can apply by calling 0800 731 7436^, or visiting your local branch. Call charges.

Personal Savings Allowance

Following the introduction of the new personal savings allowance we will pay you gross interest on your savings. For more information about this and to find out how you may need to pay tax on the interest please visit www.gov.uk/hmrc/savingsallowance

Interest rates

Interest rates

Interest rates for Smart Saver
Effective from 11/03/2009. These interest rates are variable
  AER Gross Interest credited
£1+ 0.25% 0.25% Annually

Interest is calculated daily on all accounts

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Features and benefits

Features and benefits

  • Open for as little as £1.00 (maximum £1,000,000.00)
  • Pays the same rate of interest on every penny in your account
  • Variable rate of interest accrues daily and is paid annually
  • Money isn't the only thing that you'll be saving - we are the only UK high street bank with a customer-led Ethical Policy

Eligibility

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

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Taking money out

Taking money out

  • in branch - at any branch of The Co-operative Bank
  • by telephone - call Telephone Banking on 03457 212 212^ to request a Faster Payments transfer
  • online - using The Co-operative Bank Internet service to transfer funds to another UK bank account
  • Link cash machine up to £250 per day with your cash card (providing there is enough funds in the account)
  • Visit any Post Office® branch to withdraw cash using your cash card.

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Paying money in

Paying money in

  • in branch - by paying in cash or cheques at any branch of The Co-operative Bank
  • by post - by sending a cheque, using a deposit envelope
  • by transfer - from any other UK bank account
  • by Standing Order - from another bank account
  • at the Post Office® - by paying in cash via your ATM card at the counter or by paying in cheques

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Definitions

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

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

Tax Free - The contractual rate of interest payable where interest is exempt from income tax.

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.

smile, 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