Savings accounts

Whether you want to put money away regularly, have instant access to your savings, or earn tax-free interest on the money you save, we have plenty of accounts to choose from. All with the original ethical bank.

Our new savings accounts

Discover our new Regular Saver, with 7.00% gross / AER variable interest

Exclusive to Co-operative Bank current account holders. Deposit up to £250 per calendar month into our Regular Saver.

Meet our Select Access Saver 2, with up to 4.09% gross / AER variable interest

Make fewer than three withdrawals in a calendar year to enjoy this interest rate with our Select Access Saver 2.

Our savings accounts, compared

Account name
Interest rate
Withdrawals
Minimum deposit
Find out more and apply
Account name Regular Saver Co-operative Bank current account holders only. Sole and joint accounts. Save up to £250 a month.
Interest rate 7.00% gross / AER variable
Withdrawals Withdraw as often as you want.
Minimum deposit £1 – opening deposit

No minimum monthly deposit.
Account name Base Rate Tracker An instant access tracker account exclusively for Co-operative Bank current account holders. Available as a sole and joint account.
Interest rate 2.25% to 5.00% gross / AER variable
The interest rate tracks at a defined margin below the Bank of England base rate dependent on your account balance
Withdrawals Withdraw as often as you want.
Minimum deposit £1
Account name 1 Year Fixed Term Deposit A fixed term deposit for all savers.
Sole and joint accounts available.
Interest rate 4.43% gross / AER fixed (annually)
Monthly interest option available
Withdrawals You can't withdraw from the account until it's matured after 1 year.
Minimum deposit £1,000
Find out more and apply 1 Year Fixed Term Deposit
Account name 1 Year Fixed Rate Cash ISA A fixed term ISA for all savers.
Sole accounts only.
Interest rate 4.40% tax-free / AER fixed
Withdrawals Withdrawals during the fixed term are subject to 180 days’ loss of interest on the amount withdrawn.
Minimum deposit £5,000
You can also transfer your existing cash ISA to us.
Find out more and apply Fixed Rate Cash ISA
Account name 2 Year Fixed Rate Cash ISA A fixed term ISA for all savers.
Sole accounts only.
Interest rate 4.25% tax-free / AER fixed
Withdrawals Withdrawals during the fixed term are subject to 180 days’ loss of interest on the amount withdrawn.
Minimum deposit £5,000
You can also transfer your existing cash ISA to us.
Find out more and apply Fixed Rate Cash ISA
Account name Select Access Saver 2 A limited access account for all savers.
Sole accounts and joint accounts available.
Interest rate 4.09% gross / AER variable
1.31% gross / AER variable if you make three or more withdrawals in a calendar year
Withdrawals Receive a higher interest rate if you withdraw fewer than three times in a calendar year.
Minimum deposit £1
Find out more and apply Select Access Saver 2
Account name 2 Year Fixed Term Deposit A fixed term deposit for all savers.
Sole and joint accounts available.
Interest rate 3.96% gross / AER fixed (annually)
Monthly interest option available
Withdrawals You can’t withdraw from the account until it’s matured after 2 years.
Minimum deposit £1,000
Find out more and apply 2 Year Fixed Term Deposit
Account name 3 Year Fixed Term Deposit A fixed term deposit for all savers.
Sole and joint accounts available.
Interest rate 3.65% gross / AER fixed (annually)
Monthly interest option available
Withdrawals You can't withdraw from the account until it's matured after 3 years.
Minimum deposit £1,000
Find out more and apply 3 Year Fixed Term Deposit
Account name Online Saver An instant access account exclusively for Co-operative Bank current account holders. Sole accounts only.
Interest rate 2.65% gross / AER variable
Withdrawals Withdraw as often as you want.
Minimum deposit £1
Account name Online Cash ISA An instant access cash ISA exclusively for Co-operative Bank current account holders. Sole accounts only.
Interest rate 2.65% tax free / AER variable
Withdrawals Withdraw as often as you want.
Minimum deposit £1
You can also transfer your existing cash ISA to us.
Find out more and apply Online Cash ISA
Account name Cash ISA An instant access ISA for all savers.
Sole accounts only.
Interest rate 1.81% tax free / AER variable
Withdrawals Withdraw as often as you want.
Minimum deposit £1
You can also transfer your existing cash ISA to us.
Find out more and apply Cash ISA
Account name Smart Saver An instant access account for all savers.
Sole accounts and joint accounts available.
Interest rate 1.81% gross / AER variable
Withdrawals Withdraw as often as you want.
Minimum deposit £1
Find out more and apply Smart Saver
Account name Future Fund A children's savings account.
Children aged 7 and above can apply in their own name.
Interest rate 1.81% gross / AER variable
Withdrawals Withdraw as often as you want.
Minimum deposit £1
Find out more and apply Future Fund

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.

Find the right type of savings account

Instant access

Save what you like, when you like, with instant access to your money.

Limited access

Access your money when you need it, get a better interest rate if you don’t.

Children’s savings

Start saving for their future with our Future Fund account.

ISAs

Earn tax-free interest on your savings. Save up to £20,000 this tax year.

Fixed rate

Lock away a lump sum for 1, 2 or 3 years and earn a fixed rate of interest.

Regular Savings

Our account for Co-operative Bank current account holders that encourages you to save.

Maturity options for existing customers

Already have a fixed term deposit, fixed rate bond, or fixed rate cash ISA with us that’s reaching the end of its fixed term period?

You can reinvest your money into one of our maturity accounts, and receive a guaranteed rate of interest.

We'll send you a letter when your fixed term is coming to an end. It'll remind you of your maturity date and let you know all of the options that are available to you, such as reinvesting or withdrawing.

Our maturity accounts

Co-operative Bank Maturity Fixed Term Deposits

For those with a Co-operative Bank Fixed Term Deposit that’s about to mature, or has recently matured.

View accounts

Co-operative Bank Maturity Fixed Rate Cash ISA

For those with a Co-operative Bank Fixed Rate Cash ISA that’s about to mature, or has recently matured.

View accounts

Britannia Maturity Fixed Rate Cash ISA

For those with a Britannia Fixed Rate Cash ISA or Fixed Rate Bond, or another Britannia or Co-operative Bank fixed term savings account that’s about to mature, or has recently matured.

View accounts

Britannia Maturity Fixed Rate Bonds

For those with a Britannia Fixed Rate Bond or Fixed Rate Cash ISA, or another Britannia fixed term savings account that’s about to mature, or has recently matured.

View accounts

Britannia customers

Get help and support with your Britannia savings account.

Britannia help centre

Britannia part of The Co-operative Bank

We're switching Britannia customers to Co-operative Bank savings accounts

If you're an existing Britannia customer, find out more about the changes and how they may impact you.

Learn more

Help and support

Find the support you need to start saving, or get help with your existing savings account.

Savings guides

How to pay money into a savings account

Saving for a holiday, a wedding, or even just a rainy day? Find out how savings accounts work, how to open a savings account, and how to pay in money into one.

Personal Savings Allowance: what you need to know

A Personal Savings Allowance (PSA) is a tax-free allowance that lets you earn interest on your savings, without paying tax on that interest.

Savings tips to help you plan for the future

Saving can be tricky at first, but by changing certain habits and setting yourself targets each month, you can quickly start to grow your money.

Explore our other savings guides

What is a fixed rate bond and how does it work?

Learn more about fixed rate bonds

How do ISAs work?

Find out how ISAs work

How to save money

Tips on the best ways to save money fast

What is the 50/30/20 budgeting rule?

Learn how to use this budgeting method here

Ways to save money on your wedding

Read our top tips

Important documents

Please see our savings important documents below for your reference.

FAQs

Find answers to some of the most frequently asked questions about our savings accounts.

If you still can’t find what you’re looking for, you can also find general help and support for all of our products and services.

Interest rates

Interest rates for existing savings accounts

Here you'll find the interest rates for savings products that are currently available with The Co-operative Bank.

Interest rates for savings accounts that are no longer available to new savers

Here you’ll find the interest rates for discontinued savings products. Please note: these are still available to customers who opened accounts before they were discontinued.

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).

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 read further information on the FSCS scheme here or visit their website.

Not found what you're looking for?

Contact our support team