Savings accounts offer start-ups and SME businesses a safe place to deposit surplus cash whilst earning interest. Depending on your business needs, you may choose to open an instant access business savings account for immediate access to your cash, or a business notice account in return for a higher interest rate.
At The Co-operative Bank, we've long pioneered a way of banking that makes a positive difference to the lives of our customers and the communities they live and work in. By saving with us, you can help drive social change through our strong charity partnerships.
A business savings account ideal for
Customers who want our highest interest rate and can give 95 days' notice before taking money out.
A business savings account ideal for
Customers who want a shorter notice period than our 95 Day Notice Account and can give 35 days' notice before taking money out.
A business savings account ideal for
Customers who want a straightforward saving account with a competitive rate with instant access.
The following savings account products are no longer available for new applications.
Gross*
0.00%
AER**
0.00%
Gross*
0.00%
AER**
0.00%
Gross*
0.00%
AER**
0.00%
Please note: Rates correct as of 10th June 2020 - but are subject to variation unless otherwise stated.
Interest is calculated daily on the full cleared balance, and credited monthly.
Any reference to tax is based upon our understanding of current tax regulations which may change in the future and depends upon the customer’s individual financial circumstances.
The Bank reserves the right to decline any application and/or deposit.
* Gross - The gross rate of interest is the interest rate payable before any tax is deducted.
** AER - Stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
Any reference to tax is based on our understanding of current tax regulations which may change in the future and depends on your individual financial circumstances.
The Co-operative Bank reserves the right to decline or accept any application and/or deposit.
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).
Your eligible deposits with The Co‑operative Bank plc are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. This limit is applied to the total of any deposits you have with the following: The Co‑operative Bank, Britannia and smile. Any total deposits you hold above the limit between these brands are unlikely to be covered.
Please click here for further information or visit www.fscs.org.uk
The gross rate of interest is the interest rate payable before any income tax is deducted.
This stands for Annual Equivalent Rate and shows you the rate of interest you’d receive if it was compounded and paid once each year.
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