Business savings accounts
A business savings account can help you with:
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Putting money aside for business expenses and to pay taxes
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Earning interest on your balance to put towards whatever you need
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Separating your savings from day-to-day funds
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All our savings accounts are protected by the FSCS up to £85,000
Our business savings accounts
Please note: You must have a Co-operative Bank business bank account before applying for a savings account.
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On 8 May 2025 the Bank of England base rate decreased from 4.50% to 4.25%.
As a result of the change, the interest rates across our variable rate business savings accounts will reduce on 23 July 2025.
You can view the changes in our Savings accounts rates and information sheet PDF.
Business Instant Access
For those wanting easy, fast access to their savings
95 Day Notice Account
For those that do not need to withdraw often
35 day notice account
For those who can give 35 days notice to withdraw money
Fixed Term Savings Account
For businesses who do not need access to their money for a set period of time and can benefit from a fixed rate of interest.
Savings terms explained
AER stands for Annual Equivalent Rate. It shows what the interest rate would be if interest were paid and added to your account each year.
Business day is usually Monday to Friday excluding bank holidays.
Gross is the rate of interest payable before any tax is taken off.
Variable interest means that it could go up or down.
Fixed interest means that the rate stays the same until the account matures.
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.
The Co-operative Bank and smile are trading names of The Co-operative Bank plc, which is a member of the Financial Services Compensation Scheme (FSCS).
Financial Services Compensation Scheme
Your eligible deposits held by a UK establishment of The Co-operative Bank p.l.c. 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 Co-operative Bank and smile. Any total deposits you hold above the limit between these brands are unlikely to be covered.
Please read further information on the FSCS scheme here or visit their website.