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Personal Business

Business savings accounts

A business savings account can help you with:

  • Putting money aside for business expenses and to pay taxes

  • Earning interest on your balance to put towards whatever you need

  • Separating your savings from day-to-day funds

View business savings accounts
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Financial Services Compensation Scheme (FSCS) changes

From 1 December 2025, the FSCS deposit protection limit increased to £120,000.

We’re currently updating all of our materials that have information about the FSCS limit. In the meantime, you may still see some of our webpages, letters and leaflets containing the old protection limit of £85,000.

Visit the FSCS website for further information

Our business savings accounts

Business Instant Access

For those wanting easy, fast access to their savings

  • Interest rate 1.15% gross / 1.15% AER variable calculated daily and paid twice a year

  • Instant access online, by phone or in branch

View Instant Access Account
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Business Plus Instant Access

An instant access account paying a higher interest rate than our Business Instant Access account, only available with our Business Bank Account Plus (for which a monthly fee applies)

  • Interest rate 1.46% Gross, 1.47% AER variable, calculated daily and paid monthly

  • Instant access online, by phone or in branch

View Business Plus Instant Access

95 Day Notice Account

For those that do not need to withdraw often

  • Interest rate 2.03% gross / 2.04% AER variable calculated daily and paid twice a year

  • Withdrawals made via telephone banking to your current account

View 95 Day Notice Account

35 Day Notice Account

For those who can give 35 days notice to withdraw money

  • Interest rate 1.65% gross / 1.66% AER variable calculated daily and paid twice a year

  • Withdrawals made via telephone banking to your current account

View 35 Day Notice Account
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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.

  • Interest rate 3.40% gross fixed on 6 month term account, or 3.31% gross fixed on one year term account.

  • Minimum £10,000 deposit, Maximum deposit of £10,000,000

View Fixed Term Savings Account

Compare our savings accounts

Savings account
Interest Rate
Account access
Deposits and balances
Find out more and apply
Savings account 95 Day Notice
Interest Rate 2.03% gross / 2.04% AER variable (paid twice a year)
Account access Give 95 days notice to withdraw - no charge. Without notice - value of 95 days interest will be charged.
Deposits and balances No minimum or maximum account balance required
Find out more and apply

View our 95 Day Notice Account

Savings account 35 Day Notice
Interest Rate 1.65% gross / 1.66% AER variable (paid twice a year)
Account access Give 35 days notice to withdraw - no charge. Without notice - value of 35 days interest will be charged
Deposits and balances No minimum or maximum account balance required
Find out more and apply

View our 35 Day Notice Account

Savings account Business Instant Access
Interest Rate 1.15% gross, 1.15% AER variable (paid twice a year)
Account access Make immediate withdrawals with no penalty charges
Deposits and balances No minimum or maximum account balance required
Find out more and apply

View our Instant Access Account

Savings account Business Plus Instant Access
Interest Rate 1.46% gross, 1.47% AER variable (paid monthly)
Account access Make immediate withdrawals with no penalty charges
Deposits and balances No minimum or maximum account balance required
Find out more and apply

View our Business Plus Instant Access Account

Business Bank Account Plus customers only
Savings account Fixed Term Savings
Interest Rate 3.40% gross, 3.43% AER fixed rate for a 6 month term, 3.31% gross, 3.31% AER fixed rate for a 1 year term (paid at end of fixed term)
Account access Funds are deposited for a fixed term, with no additional deposits or withdrawals allowed within the chosen term
Deposits and balances Minimum £10,000 deposit, Maximum deposit of £10,000,000
Find out more and apply View our Fixed Term Savings Account

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).

Switch to us for value-added benefits and services with the original ethical bank

Our Current Account Switch Service makes switching your account simple, fast and free.

Learn how to switch your business account to us.

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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.