Savings accounts

Open a savings account with the UK’s only high-street bank with a customer-led ethical policy.

When you save with us, you’re saving with a bank that’s looking to make a real difference.

Bank of England base rate change

On 4 August 2022, the Bank of England base rate increased from 1.25% to 1.75%. Find out more

Why choose The Co-operative Bank?

Born from the co-operative movement over 145 years ago, we’re proud to be the only UK high street bank with a customer-led Ethical Policy.

Our customers know their money will be kept safe and not be used in a way that conflicts with their values and ethics.

Learn more about what makes us ethical
Find a savings account↓
Understanding savings accounts↓
Help for Britannia customers↓

Find a savings account that’s right for you

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.

Fixed rate

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


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

Children’s savings

Start saving for their future with our Future Fund account.

Britannia customers

Get help and support with your Britannia savings account.

Britannia help centre

Existing Co-operative Bank customers

Exclusively available to existing Co-operative Bank current account customers.

View Online Saver

View Online Cash ISA

Reinvestment accounts

Stay with us and earn a better rate.

Reinvest your fixed rate bond, fixed term deposit or fixed rate cash ISA with us for a guaranteed rate of interest - no matter what happens.

You must already have one of these accounts, and they must be reaching the end of their fixed term periods. 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 what options are available to you (such as re-investing or withdrawing).

Britannia Maturity Fixed Rate Bonds

Co-operative Bank Fixed Term Deposits

Maturing Britannia Fixed Rate Cash ISA

Understanding savings accounts

Tools and practical guides to help you start saving.

Savings accounts explained

Find out how savings accounts work and how to earn more interest

How savings accounts work 

Personal Savings Allowance

Find out about the Personal Savings Allowance and how it affects you

Learn about the Personal Savings Allowance

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.

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.

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 depend on the customer's individual financial circumstances.

The Co-operative Bank reserves the right to decline to 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 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

Not found what you're looking for?

Contact our support team