Accounts closed to new customers
Interest rates
Rates correct as at 30th November 2011 but are subject to variation (current Bank of England Base rate is 0.50%)
The following sum shows how interest is calculated:
Daily Cleared Balance x Gross Annual Rate / 36500 = Daily Gross Interest
Savings accounts closed to new customers
Cashsaver
Deposit
High Interest Tracker
Investment 90
Pathfinder
Save Direct
Savewise
TESSA deposit
Personal Special Deposit & ID
The Co-operative Instant Access Savings Account
Co-op Cash ISA
The Co-operative Insurance Instant Access Savings Account
Previous interest rates can be found in the Previous Interest Rates page.
Cash Saver
Effective from 11th March 2009
| Gross % | AER% | Net% | Interest Credited | |
|---|---|---|---|---|
| £1 - £4,999 | 0.06 | 0.06 | 0.05 | Interest paid on full balance twice a year |
| £5,000 - £9,999 | 0.09 | 0.09 | 0.07 | |
| £10,000 - £49,999 |
0.12 | 0.12 | 0.10 | |
| £50,000+ |
0.15 | 0.15 | 0.12 | |
Terms and Conditions (PDF 0.1MB)
Deposit
Effective from 11th March 2009
| Gross % | AER% | Net% | Interest Credited | |
|---|---|---|---|---|
| £1 - £4,999 | 0.06 | 0.06 | 0.05 | Interest paid on full balance twice a year |
| £5,000 - £9,999 | 0.09 | 0.09 | 0.07 | |
| £10,000 - £49,999 |
0.12 | 0.12 | 0.10 | |
| £50,000+ |
0.15 | 0.15 | 0.12 |
High Interest Tracker
Effective from 11th March 2009
| Gross % | AER% | Net% | Interest Credited | |
|---|---|---|---|---|
| Standard rate (£1) | 0.25 | 0.25 | 0.20 | Yearly |
Terms and conditions (PDF - 0.2Mb)
Investment 90
Effective from 11th March 2009
| Gross % | AER% | Net% | Interest Credited | |
|---|---|---|---|---|
| £1 - £4,999 | 0.06 | 0.06 | 0.05 | Half yearly (or monthly) |
| £5,000 - £9,999 | 0.09 | 0.09 | 0.07 | |
| £10,000 - £24,999 | 0.12 | 0.12 | 0.10 | |
| £25,000 - £49,999 | 0.15 | 0.15 | 0.12 | |
| £50,000+ | 0.18 | 0.18 | 0.15 |
Pathfinder
Effective from 11th March 2009
| Gross % | AER% | Net% | Interest Credited | |
|---|---|---|---|---|
| £1 - £2,499 | 0.06 | 0.06 | 0.05 | Monthly |
| £2,500 - £4,999 | 0.09 | 0.09 | 0.07 | |
| £5,000 - £14,999 | 0.12 | 0.12 | 0.10 | |
| £15,000 - £49,999 | 0.15 | 0.15 | 0.12 | |
| £50,000 - £99,999 | 0.18 | 0.18 | 0.15 | |
| £100,000+ | 0.21 | 0.21 | 0.17 |
Terms and Conditions (PDF)
Save Direct
Effective from 11th March 2009
| Gross % | AER% | Net% | Interest Credited | |
|---|---|---|---|---|
| £1 - £249 | 0.06 | 0.06 | 0.05 | Yearly |
| £250 - £4,999 | 0.06 | 0.06 | 0.05 | |
| £5,000 - £14,999 | 0.09 | 0.09 | 0.07 | |
| £15,000 - £24,999 | 0.12 | 0.12 | 0.10 | |
| £25,000 - £49,999 | 0.15 | 0.15 | 0.12 | |
| £50,000 - £99,999 | 0.18 | 0.18 | 0.15 | |
| £100,000+ | 0.21 | 0.21 | 0.17 |
Terms and conditions (PDF - 0.2Mb)
Save Wise
Effective from 11th March 2008
| Gross % | AER% | Net% | Interest Credited | |
|---|---|---|---|---|
| £1 - £4,999 | 0.06 | 0.06 | 0.05 | Interest paid on full balance twice a year |
| £5,000 - £9,999 | 0.09 | 0.09 | 0.07 | |
| £10,000 - £49,999 | 0.12 | 0.12 | 0.10 | |
| £50,000+ | 0.15 | 0.15 | 0.12 |
Tessa Deposit
Effective from 11th March 2009
| Gross % | AER% | Net% | Interest Credited | |
|---|---|---|---|---|
| £1+ | 0.06 | 0.06 | 0.05 | - |
Personal Special Deposit & ID
Effective from 3rd April 2009
| Gross % | AER % | Net % | Interest Credited | |
|---|---|---|---|---|
| £1 - £4,999 | 0.06 | 0.06 | 0.05 | Interest paid on full balance twice a year |
| £5,000 - £9,999 | 0.09 | 0.09 | 0.07 | |
| £10,000 - £49,999 | 0.53 | 0.53 | 0.42 | |
| £50,000 + | 1.28 | 1.28 | 1.02 |
The Co-operative Instant Access Savings
Effective from 11th March 2009
| Gross% | AER% | Net% | Interest Credited | |
|---|---|---|---|---|
| Instant Access Savings | 0.25 | 0.25 | 0.20 | Yearly |
Terms and conditions (PDF - 0.1Mb)
Co-op Cash ISA
Effective from 11th March 2009
| Gross% | AER% | Net% | Interest Credited | |
|---|---|---|---|---|
| Co-op Cash ISA | 0.50 | 0.50 | - | Interest paid annually on 5th April. Maximum investment for cash ISA: £5,100 |
Terms and conditions (PDF - 0.1Mb)
The Co-operative Insurance Instant Access Savings Account
Effective from 11th March 2009
| Gross% | AER% | Net% | Interest Credited | |
|---|---|---|---|---|
| £1+ | 0.06 | 0.06 | 0.05 | Interest paid annually on 5th April. |
| £200+ | 0.09 | 0.09 | 0.07 |
Terms and conditions (PDF - 0.1Mb)
Gross rate means the contractual rate of interest paid before deduction of income tax at the rate specified by law.
Net is the rate of interest that would be payable after allowing for the deduction of income tax at the rate specified by law.
AER means the Annual Equivalent Rate and illustrates the contractual rate of interest as if paid and compounded each year.
Interest is calculated daily on all accounts.
