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Business savings accounts

Our business savings accounts are a safe place to deposit surplus cash whilst earning interest. Depending on your business needs, we have an instant access account or 95 day notice and 35 day notice accounts. Our notice accounts offer higher interest rates than our instant access account.

There are no minimum or maximum balance restrictions for any of our business savings accounts.

Bank of England base rate change

On 6 February 2025, the Bank of England base rate decreased from 4.75% to 4.50%. Visit our base rate information page to see how this could impact your business.

As a result of the change, the interest rates across our business savings accounts will reduce on 23 April 2025.

You can view the changes in our Savings accounts rates and information sheet PDF.

95 Day Notice

For those that do not need to withdraw often

  • Withdrawals made via telephone banking to your current account

  • Interest rate 2.31% gross / 2.32% AER variable calculated daily and paid twice a year

View 95 Day Notice account

35 Day Notice

For those who can give 35 days’ notice to withdraw money

  • Withdrawals made via telephone banking to your current account

  • Interest rate 1.93% gross / 1.94% AER variable calculated daily and paid twice a year

View 35 Day Notice account

Business Select Instant Access

For those wanting an easy access savings account

  • Instant access online, by phone or in branch

  • Interest rate 1.43% gross / 1.44% AER variable calculated daily and paid twice a year

View Instant Access account

Glossary

Gross is the rate of interest payable before any tax is taken off.

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.

Variable interest means that it could go up or down.

A business day is usually Monday to Friday excluding bank holidays.

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).

Find out more about Financial Services Compensation Scheme | This will open in a new tab

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.