Business savings accounts

What are business savings accounts?

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.

95 Day Notice

A business savings account ideal for

Customers who want our highest interest rate and can give 95 days' notice before taking money out.

  • Interest rate 0.12% *gross / **AER variable calculated daily and paid twice a year
  • Access to your account by phone
  • No minimum or maximum account balance restrictions apply.

35 Day Notice

A business savings account ideal for

Customers who want a shorter notice period and can give 35 days' notice before taking money out.

  • Interest rate 0.09% *gross / **AER variable calculated daily and paid twice a year
  • Access to your account by phone
  • No minimum or maximum account balance restrictions apply.

Instant Access

A business savings account ideal for

Customers who want a straightforward savings account with instant access.

  • Interest rate 0.03% *gross / **AER variable calculated daily and paid twice a year
  • Access to your account online, phone or branch
  • No minimum or maximum account balance restrictions apply.

The following savings account products are no longer available for new applications.

Interest rates for all other accounts

Please note that the following accounts are no longer available for new applications, but will continue to operate as normal.

Corporate Treasury Account

*Gross / **AER variable

 0.00%

Corporate Reserve

*Gross / **AER variable

0.00%

Public Sector Reserve

*Gross / **AER variable

 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 or accept any application and/or deposit.

*Gross The gross rate of interest is the interest rate payable before any income tax is deducted.

**AER 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.

*Gross The gross rate of interest is the interest rate payable before any income tax is deducted.

**AER 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.


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).

FSCS logo

Financial Services Compensation Scheme

Your eligible deposits held by a UK establishment of 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

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