Available as a sole and joint account.
The interest rate tracks at a defined margin below the Bank of England base rate dependent on your account balance
Sole and joint accounts available.
Monthly interest option available
Sole and joint accounts available.
Monthly interest option available
Sole and joint accounts available.
Monthly interest option available
Sole accounts and joint accounts available.
1.31% gross / AER variable if you make five or more withdrawals in a calendar year
Sole accounts only.
Sole accounts only.
You can also transfer your existing cash ISA to us.
Sole accounts and joint accounts available.
Children aged 7 and above can apply in their own name.
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 11.59pm 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.
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.
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.
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.
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.
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.
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?
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
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
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