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Interest rates for our savings products no longer available

Below are the current interest rates for savings accounts no longer available to new savers. Please note that since these products were launched we've changed the way we use your personal information. Please see the how we use your personal information PDF.

The Co-operative Bank savings general terms and conditions (PDF)

    The Co-operative Bank

    Instant Access

    Bonus account

    Below are rates up to 22 July 2025.

    Balance AER% Gross% Interest credited
    £5,000+ 1.62 1.62 Annually
    £1,000+ 1.62 1.62 Annually
    £1+ 1.62 1.62 Annually
    Effective from 23 April 2025. These interest rates are variable.
    Below are rates from 23 July 2025.
    £5,000+ 1.53 1.53 Annually
    £1,000+ 1.53 1.53 Annually
    £1+ 1.53 1.53 Annually
    These interest rates are variable.

    Cash Saver

    Below are rates up to 22 July 2025.

    Balance AER% Gross% Interest credited
    £50,000+ 1.62 1.62 Bi-annually
    £10,000 1.62 1.62 Bi-annually
    £5,000 1.62 1.62 Bi-annually
    £1+ 1.62 1.62 Bi-annually
    Effective from 23 April 2025. These interest rates are variable.
    Below are rates from 23 July 2025.
    £50,000+ 1.53 1.53 Bi-annually
    £10,000+ 1.53 1.53 Bi-annually
    £5,000+ 1.53 1.53 Bi-annually
    £1+ 1.53 1.53 Bi-annually
    These interest rates are variable.

    Child Trust Fund

    Balance AER% Tax-free% Interest credited
    £1+ 3.00 3.00 Annually
    Effective from 13 February 2025. These interest rates are variable.

    The Co-operative Bank Instant Access Savings Account

    Below are rates up to 22 July 2025.

    Balance AER% Gross% Interest credited
    £200+ 1.62 1.62 Annually
    £1+ 1.62 1.62 Annually
    Effective from 23 April 2025. These interest rates are variable.
    Below are rates from 23 July 2025.
    £200+ 1.53 1.53 Annually
    £1+ 1.53 1.53 Annually

    The Co-operative Instant Access Savings Account

    Below are rates up to 22 July 2025.

    Balance AER% Gross% Interest credited
    £1+ 1.62 1.62 Annually
    Effective from 23 April 2025. These interest rates are variable.
    Below are rates from 23 July 2025.
    £1+ 1.53 1.53 Annually
    These interest rates are variable.

    The Co-operative Membership Savings

    Below are rates up to 22 July 2025.

    Balance AER% Gross% Interest credited
    £1+ 1.62 1.62 Annually
    Effective from 23 April 2025. These interest rates are variable.
    Below are rates from 23 July 2025.
    £1+ 1.53 1.53 Annually
    These interest rates are variable.

    Deposit

    Below are rates up to 22 July 2025.

    Balance AER% Gross% Interest credited
    £50,000+ 1.62 1.62 Bi-annually
    £10,000+ 1.62 1.62 Bi-annually
    £5,000 1.62 1.62 Bi-annually
    £1+ 1.62 1.62 Bi-annually
    Effective from 23 April 2025. These interest rates are variable.
    Below are rates from 23 July 2025.
    £50,000+ 1.53 1.53 Bi-annually
    £10,000+ 1.53 1.53 Bi-annually
    £5,000+ 1.53 1.53 Bi-annually
    £1+ 1.53 1.53 Bi-annually
    These interest rates are variable.

    Investment 90

    Below are rates up to 22 July 2025.

    Balance AER% Gross% Interest credited
    £50,000+ 1.62 1.62 Bi-annually (or monthly)
    £25,000+ 1.62 1.62 Bi-annually (or monthly)
    £10,000+ 1.62 1.62 Bi-annually (or monthly)
    £5,000+ 1.62 1.62 Bi-annually (or monthly)
    £1+ 1.62 1.62 Bi-annually (or monthly)
    Effective from 23 April 2025. These interest rates are variable.
    Below are rates from 23 July 2025.
    £50,000+ 1.53 1.53 Bi-annually (or monthly)
    £25,000+ 1.53 1.53 Bi-annually (or monthly)
    £10,000+ 1.53 1.53 Bi-annually (or monthly)
    £5,000+ 1.53 1.53 Bi-annually (or monthly)
    £1+ 1.53 1.53 Bi-annually (or monthly)
    These interest rates are variable.

    Linked Savings

    Below are rates up to 22 July 2025.

    Balance AER% Gross% Interest credited
    £1+ 1.62 1.62 Annually
    Effective from 23 April 2025. These interest rates are variable.
    Below are rates from 23 July 2025.
    £1+ 1.53 1.53 Annually
    These interest rates are variable.

    Matured Child Trust Fund

    Below are rates up to 22 July 2025.

    Balance AER% Tax-free% Interest credited
    £1+ 1.62 1.62 Annually
    Effective from 23 April 2025. These interest rates are variable.
    Below are rates from 23 July 2025.
    £1+ 1.53 1.53 Annually
    These interest rates are variable.

    Pathfinder

    Below are rates up to 22 July 2025.

    Balance AER% Gross% Interest credited
    £100,000+ 1.63 1.62 Monthly
    £50,000+ 1.63 1.62 Monthly
    £15,000+ 1.63 1.62 Monthly
    £5,000+ 1.63 1.62 Monthly
    £2,500+ 1.63 1.62 Monthly
    £1+ 1.63 1.62 Monthly
    Effective from 23 April 2025. These interest rates are variable.
    Below are rates from 23 July 2025.
    £100,000+ 1.54 1.53 Monthly
    £50,000+ 1.54 1.53 Monthly
    £15,000+ 1.54 1.53 Monthly
    £5,000+ 1.54 1.53 Monthly
    £2,500+ 1.54 1.53 Monthly
    £1+ 1.54 1.53 Monthly
    These interest rates are variable.

    Terms and conditions (PDF)

    How we use your personal information (PDF)

    Account charges and savings leaflet (PDF)

    Personal Special Deposit

    Below are rates up to 22 July 2025.

    Balance AER% Gross% Interest credited
    £50,000+ 1.62 1.62 Bi-annually
    £10,000+ 1.62 1.62 Bi-annually
    £5,000+ 1.62 1.62 Bi-annually
    £1+ 1.62 1.62 Bi-annually
    Effective from 23 April 2025. These interest rates are variable.
    Below are rates from 23 July 2025.
    £50,000+ 1.53 1.53 Bi-annually
    £10,000+ 1.53 1.53 Bi-annually
    £5,000+ 1.53 1.53 Bi-annually
    £1+ 1.53 1.53 Bi-annually
    These interest rates are variable.

    Privilege Premier Savings

    Below are rates up to 22 July 2025.

    Balance AER% Gross% Interest credited
    £100,000+ 4.50 4.50 Annually
    £1+ 4.40 4.40 Annually
    Effective from 23 April 2025. These interest rates are variable.
    Below are rates from 23 July 2025.
    £100,000+ 4.25 4.25 Annually
    £1+ 4.15 4.15 Annually
    These interest rates are variable.

    If you convert your Privilege Premier current account to a standard Current Account or Everyday Extra account, your Privilege Premier savings account will also be converted to a standard Linked Savings account and the lower variable rate of interest for that account will be paid.

    Privilege Savings

    Below are rates up to 22 July 2025.

    Balance AER% Gross% Interest credited
    £1+ 4.21 4.21 Annually
    Effective from 23 April 2025. These interest rates are variable.
    Below are rates from 23 July 2025.
    £1+ 3.96 3.96 Annually
    These interest rates are variable.

    If you convert your Privilege current account to a standard Current Account or Everyday Extra account, your Privilege savings account will also be converted to a standard Linked Savings account and the lower variable rate of interest for that account will be paid.

    Save Direct

    Below are rates up to 22 July 2025.

    Balance AER% Gross% Interest credited
    £100,000+ 1.62 1.62 Annually
    £50,000+ 1.62 1.62 Annually
    £25,000+ 1.62 1.62 Annually
    £15,000+ 1.62 1.62 Annually
    £5,000+ 1.62 1.62 Annually
    £250+ 1.62 1.62 Annually
    £1+ 1.62 1.62 Annually
    Effective from 23 April 2025. These interest rates are variable.
    Below are rates from 23 July 2025.
    £100,000+ 1.53 1.53 Annually
    £50,000+ 1.53 1.53 Annually
    £25,000+ 1.53 1.53 Annually
    £15,000+ 1.53 1.53 Annually
    £5,000+ 1.53 1.53 Annually
    £250+ 1.53 1.53 Annually
    £1+ 1.53 1.53 Annually

    Savewise

    Below are rates up to 22 July 2025.

    Balance AER% Gross% Interest credited
    £50,000+ 1.62 1.62 Bi-annually
    £10,000+ 1.62 1.62 Bi-annually
    £5,000+ 1.62 1.62 Bi-annually
    £1+ 1.62 1.62 Bi-annually
    Effective from 23 April 2025. These interest rates are variable.
    Below are rates from 23 July 2025.
    £50,000+ 1.53 1.53 Bi-annually
    £10,000+ 1.53 1.53 Bi-annually
    £5,000+ 1.53 1.53 Bi-annually
    £1+ 1.53 1.53 Bi-annually
    These interest rates are variable.

    Savings Plus

    Below are rates up to 22 July 2025.

    Balance AER% Gross% Interest credited
    £1+ 4.00 4.00 Annually
    Effective from 23 April 2025. These interest rates are variable.
    Below are rates from 23 July 2025.
    £1+ 3.75 3.75 Annually
    These interest rates are variable.

    If you convert your Current Account Plus to a standard Current Account or Everyday Extra account, your Savings Plus account will also be converted to a standard Linked Savings account and the lower variable rate of interest for that account will be paid.

    TESSA Deposit (Matured TESSA account)

    Below are rates up to 22 July 2025.

    Balance AER% Gross% Interest credited
    £1+ 1.62 1.62 Annually
    Effective from 23 April 2025. These interest rates are variable.
    Below are rates from 23 July 2025.
    £1+ 1.53 1.53 Annually
    These interest rates are variable.

    ISA

    The Co-operative Cash ISA

    Below are rates up to 22 July 2025.

    Balance AER% Tax-free% Interest credited
    £1+ 1.62 1.62 Annually
    Effective from 23 April 2025. These interest rates are variable.
    Below are rates from 23 July 2025.
    £1+ 1.53 1.53 Annually
    These interest rates are variable.

    Cash ISA 2

    Below are rates up to 22 July 2025.

    Balance AER% Tax-free% Interest credited
    £1+ 3.50 3.50 Annually
    Effective from 23 April 2025. These interest rates are variable.
    Below are rates from 23 July 2025.
    £1+ 3.25 3.25 Annually
    These interest rates are variable.

    Cash ISA 3

    Below are rates up to 22 July 2025.

    Balance AER% Tax-free% Interest credited
    £1+ 2.25 2.25 Annually
    Effective from 23 April 2025. These interest rates are variable.
    Below are rates from 23 July 2025.
    £1+ 2.00 2.00 Annually
    These interest rates are variable.

    Fixed Rate Cash ISA

    Your rate is fixed which means it won't change during the term. Please refer to your welcome letter or statement to check your rate. You can also log onto online banking or the mobile app to check your rate. Alternatively visit us in branch or contact us.

    Fixed Term

    Fixed Term Deposit

    Your rate is fixed which means it won't change during the term. Please refer to your welcome letter or statement to check your rate. You can also log onto online banking or the mobile app to check your rate. Alternatively visit us in branch or contact us.

    Limited Access

    Select Access Saver

    Below are rates up to 22 July 2025.

    Balance AER % Gross % Interest credited
    If you make 4 withdrawals or less per calendar year £1+ 2.93 2.93 Annually
    If you make 5 withdrawals or more per calendar year £1+ 1.12 1.12 Annually
    Effective from 23 April 2025. These interest rates are variable.
    Below are rates from 23 July 2025.
    If you make 4 withdrawals or less per calendar year £1+ 2.81 2.81 Annually
    If you make 5 withdrawals or more per calendar year £1+ 1.06 1.06 Annually
    These interest rates are variable.

    Select Access Saver 2

    Below are rates up to 22 July 2025.

    Balance AER% Gross% Interest credited
    If you make 2 withdrawals or less per calendar year £1+ 3.65 3.65 Annually
    If you make 3 withdrawals or more per calendar year £1+ 1.12 1.12 Annually
    Effective from 23 April 2025. These interest rates are variable.
    Below are rates from 23 July 2025.
    If you make 2 withdrawals or less per calendar year £1+ 3.53 3.53 Annually
    If you make 3 withdrawals or more per calendar year £1+ 1.06 1.06 Annually
    These interest rates are variable.

    Select Access Saver 3

    Below are rates up to 22 July 2025.

    Balance AER% Gross% Interest credited
    If you make 1 withdrawal or less per calendar year £1+ 4.34 4.34 Annually
    If you make 2 withdrawals or more per calendar year £1+ 1.12 1.12 Annually
    Effective from 23 April 2025. These interest rates are variable.
    Below are rates from 23 July 2025.
    If you make 1 withdrawal or less per calendar year £1+ 4.09 4.09 Annually
    If you make 2 withdrawals or more per calendar year £1+ 1.06 1.06 Annually
    These interest rates are variable.

    Select Access Saver 4

    Below are rates up to 22 July 2025.

    Balance AER% Gross% Interest credited
    If you make 4 withdrawals or less per calendar year £1+ 2.93 2.93 Annually
    If you make 5 withdrawals or more per calendar year £1+ 1.12 1.12 Annually
    Effective from 23 April 2025. These interest rates are variable.
    Below are rates from 23 July 2025.
    If you make 4 withdrawals or less per calendar year £1+ 2.81 2.81 Annually
    If you make 5 withdrawals or more per calendar year £1+ 1.06 1.06 Annually
    These interest rates are variable.

    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.

    Calculated daily means the interest earned is based on the amount of money in your account at the end of each business day

    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.

    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.

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