Savings & Cash ISA Applications

Everything you need to know about applying for our Savings and Cash ISA products.


Learn more about our eligibility criteria and how to apply.

Eligibility criteria

Generally, to apply for the majority of our savings accounts and cash ISAs, you just need to be:

  • 16 or over for a savings account
  • 18 or over for a cash ISA
  • A UK resident.

However some of our accounts (i.e. children's savings accounts) use different eligibility criteria.

Please check individual products for specific eligibility.

What you need to apply

  • Your addresses for the last 3 years.
  • If applying for a cash ISA, your National Insurance (NI) number.

How long applications will take

If you have all your information to hand, the application will take you roughly 10 minutes.

It will take us around 24 hours to let you know whether or not your application was successful but it may take longer in some cases.

Remember, you cannot pay into a cash ISA with us if you have already paid in the full annual ISA allowance in this tax year.

Savings terms explained

AER stands for Annual Equivalent Rate and 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.

Calendar month means from midnight on the first day of a month to 11.59:59pm on the last day of the month.

Fixed interest means the rate stays the same until the account matures.

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

Tax-free means you will not pay any tax on your interest.

Tax year runs from 6 April to 5 April.

Variable interest means that it could go up or down.

Please note: any reference to tax is based on our understanding of current tax regulations which may change in the future and depend on the customer's individual financial circumstances.

The Co-operative Bank reserves the right to decline or accept any application and/or deposit.

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 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.

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Contact our support team