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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.

Britannia savings general terms and conditions (PDF)

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

Britannia

Co-operative Bank

Britannia

Instant Access

Cash Child Trust Fund (non stakeholder)

Balance AER% Gross% Interest credited
£1+ 1.81 1.81 Annually
Effective from 7 September 2023. These interest rates are variable.

DirectSaver

Balance AER% Gross% Interest credited
£100+ 1.81 1.81 Annually
£1+ 1.81 1.81 Annually
Effective from 7 September 2023. These interest rates are variable.

DirectSaver Monthly

Balance AER% Gross% Interest credited
£100+ 1.82 1.81 Monthly
£1+ 1.82 1.81 Monthly
Effective from 7 September 2023. These interest rates are variable.

FirstSaver

Balance AER% Gross% Interest credited
£1+ 1.81 1.81 Annually
Effective from 7 September 2023. These interest rates are variable.

Flexible Savings

Balance AER% Gross% Interest credited
£20,000+ 1.81 1.81 Annually
£1+ 1.81 1.81 Annually
£20,000+ 1.82 1.81 Monthly
£1+ 1.82 1.81 Monthly
Effective from 7 September 2023. These interest rates are variable.

Instant Access Card Deposit

Balance AER% Gross% Interest credited
£20,000+ 1.81 1.81 Annually
£100+ 1.81 1.81 Annually
£1+ 1.81 1.81 Annually
Effective from 7 September 2023. These interest rates are variable.

Matured Child Trust Fund

Balance AER% Gross% Interest credited
£1+ 1.81 1.81 Annually
Effective from 7 September 2023. These interest rates are variable.

Select Saver Card

Balance AER% Gross% Interest credited
£1+ 1.81 1.81 Annually
Effective from 7 September 2023. These interest rates are variable.

Fixed Term

Fixed Rate Bonds

Your rate is fixed which means it won't change during the term and depends on the date in which you opened your Bond. Please refer to your passbook to identify your product term and issue number.

Fixed Rate Bond 1 Year - Interest Credited Annually

Term Issue Interest Credited Gross% AER%
1Y 283 Annually 1.53 1.53
1Y 284 Annually 2.34 2.34
1Y 285 Annually 3.43 3.43
1Y 286 Annually 3.50 3.50
1Y 287 Annually 4.06 4.06
1Y 288 Annually 4.40 4.40

Fixed Rate Bond 1 Year - Interest Credited Monthly

Term Issue Interest Credited Gross% AER%
1Y 283 Monthly 1.50 1.51
1Y 284 Monthly 2.31 2.33
1Y 285 Monthly 3.40 3.45
1Y 286 Monthly 3.46 3.51
1Y 287 Monthly 4.03 4.10
1Y 288 Monthly 4.37 4.45

Fixed Rate Bond 2 Year - Interest Credited Annually

Term Issue Interest Credited Gross% AER%
2Y 141 Annually 0.21 0.21
2Y 142 Annually 0.25 0.25
2Y 143 Annually 0.40 0.40
2Y 145 Annually 0.84 0.84
2Y 146 Annually 2.00 2.00
2Y 147 Annually 2.75 2.75
2Y 148 Annually 3.62 3.62
2Y 149 Annually 3.65 3.65
2Y 150 Annually 4.15 4.15
2Y 151 Annually 4.46 4.46

Fixed Rate Bond 2 Year - Interest Credited Monthly

Term Issue Interest Credited Gross% AER%
2Y 141 Monthly 0.2 0.2
2Y 142 Monthly 0.21 0.21
2Y 143 Monthly 0.37 0.37
2Y 145 Monthly 0.81 0.81
2Y 146 Monthly 1.96 1.97
2Y 147 Monthly 2.71 2.74
2Y 148 Monthly 3.59 3.64
2Y 149 Monthly 3.62 3.68
2Y 150 Monthly 4.12 4.19
2Y 151 Monthly 4.43 4.52

Fixed Rate Bond 3 Year - Interest Credited Annually

Term Issue Interest Credited Gross% AER%
3Y 99 Annually 0.26 0.26
3Y 100 Annually 0.31 0.31
3Y 101 Annually 0.43 0.43
3Y 102 Annually 0.46 0.46
3Y 103 Annually 1.12 1.12
3Y 104 Annually 2.46 2.46
3Y 105 Annually 3.00 3.00
3Y 106 Annually 3.84 3.84
3Y 107 Annually 3.87 3.87
3Y 108 Annually 4.18 4.18
3Y 109 Annually 4.53 4.53

Fixed Rate Bond 3 Year - Interest Credited Monthly

Term Issue Interest Credited Gross% AER%
3Y 99 Monthly 0.25 0.25
3Y 100 Monthly 0.28 0.28
3Y 101 Monthly 0.40 0.40
3Y 102 Monthly 0.43 0.43
3Y 103 Monthly 1.09 1.09
3Y 104 Monthly 2.43 2.45
3Y 105 Monthly 2.96 3.00
3Y 106 Monthly 3.81 3.87
3Y 107 Monthly 3.84 3.90
3Y 108 Monthly 4.15 4.22
3Y 109 Monthly 4.50 4.59

ISA

30-day Notice Cash ISA

Balance Tax-Free% AER% Interest credited
£9,000+ 5.25 5.25 Annually
£3,000+ 5.25 5.25 Annually
£9,000+ 5.25 5.37 Monthly
£3,000+ 5.25 5.37 Monthly
Effective from 7 September 2023. These interest rates are variable.

Additional Allowance ISA

Balance Tax-Free% AER% Interest credited
£1+ 3.00 3.00 Annually
Effective from 2 March 2023. These interest rates are variable.

Cash ISA

Balance Tax-Free% AER% Interest credited
£1+ 4.25 4.25 Annually
Effective from 7 September 2023. These interest rates are variable.

Instant Access Cash ISA

Balance Tax-Free% AER% Interest credited
£15,000+ 4.25 4.25 Annually
£9,000+ 4.25 4.25 Annually
£3,000+ 4.25 4.25 Annually
£1+ 4.25 4.25 Annually
Effective from 7 September 2023. These interest rates are variable.

Limited Access Cash ISA

Balance Tax-Free% AER% Interest credited
One withdrawal or less, including partial transfers, per tax year £500+ 3.12 3.12 Annually
£1+ 1.62 1.62 Annually
Two withdrawals or more, including partial transfers, per tax year. £1+ 1.62 1.62 Annually
Effective from 3 August 2023. These interest rates are variable.

Select Access Cash ISA (All issues)

Balance Tax-free% AER% Interest credited
Two withdrawals or less, including partial transfers, per tax year £1+ 3.12 3.12 Annually
Three withdrawals or more, including partial transfers, per tax year. £1+ 1.62 1.62 Annually
Effective from 3 August 2023. These interest rates are variable.

Limited Access

DirectSaver Reserve

Balance AER% Gross% Interest credited
£100+ 1.81 1.81 Annually
£1+ 1.81 1.81 Annually
Effective from 7 September 2023. These interest rates are variable.

EasySaver Card

Balance AER% Gross% Interest credited
Withdrawals on twelve days or less per calendar year £100,000+ 1.81 1.81 Annually
£50,000+ 1.81 1.81 Annually
£20,000+ 1.81 1.81 Annually
£100+ 1.81 1.81 Annually
Withdrawals on thirteen days or more per calendar year £1+ 1.81 1.81 Annually
Effective from 7 September 2023. These interest rates are variable.

Maturity Saver & Matured Bond Instant Access

Balance AER% Gross% Interest credited
£100,000+ 1.81 1.81 Annually
£50,000+ 1.81 1.81 Annually
£250+ 1.81 1.81 Annually
£1+ 1.81 1.81 Annually
£100,000+ 1.82 1.81 Monthly
£50,000+ 1.82 1.81 Monthly
£250+ 1.82 1.81 Monthly
£1+ 1.82 1.81 Monthly
Effective from 7 September 2023. These interest rates are variable. (for customers with a maturing bond only)

Select Access Saver (all issues)

Balance AER% Gross% Interest credited
Four withdrawals or less per calendar year £1+ 3.25 3.25 Annually
Five withdrawals or more per calendar year £1+ 1.31 1.31 Annually
Effective from 7 September 2023. These interest rates are variable.

The Co-operative Bank

Instant Access

Bonus account

Balance AER% Gross% Interest credited
£5,000+ 1.81 1.81 Annually
£1,000+ 1.81 1.81 Annually
£1+ 1.81 1.81 Annually
Effective from 7 September 2023. These interest rates are variable.

Cash Saver

Balance AER% Gross% Interest credited
£50,000+ 1.81 1.81 Bi-annually
£10,000+ 1.81 1.81 Bi-annually
£5,000+ 1.81 1.81 Bi-annually
£1+ 1.81 1.81 Bi-annually
Effective from 7 September 2023. These interest rates are variable.

The Co-operative Bank Instant Access Savings Account

Balance AER% Gross% Interest credited
£200+ 1.81 1.81 Annually
£1+ 1.81 1.81 Annually
Effective from 7 September 2023. These interest rates are variable.

The Co-operative Instant Access Savings Account

Balance AER% Gross% Interest credited
£1+ 1.81 1.81 Annually
Effective from 7 September 2023. These interest rates are variable.

The Co-operative Membership Savings

Balance AER% Gross% Interest credited
£1+ 1.81 1.81 Annually
Effective from 7 September 2023. These interest rates are variable.

Deposit

Balance AER% Gross% Interest credited
£50,000+ 1.81 1.81 Bi-annually
£10,000+ 1.81 1.81 Bi-annually
£5,000+ 1.81 1.81 Bi-annually
£1+ 1.81 1.81 Bi-annually
Effective from 7 September 2023. These interest rates are variable.

Investment 90

Balance AER% Gross% Interest credited
£50,000+ 1.81 1.81 Bi-annually (or monthly)
£25,000+ 1.81 1.81 Bi-annually (or monthly)
£10,000+ 1.81 1.81 Bi-annually (or monthly)
£5,000+ 1.81 1.81 Bi-annually (or monthly)
£1+ 1.81 1.81 Bi-annually (or monthly)
Effective from 7 September 2023. These interest rates are variable.

Linked Savings

Balance AER% Gross% Interest credited
£1+ 1.81 1.81 Annually
Effective from 7 September 2023. These interest rates are variable.

Pathfinder

Balance AER% Gross% Interest credited
£100,000+ 1.82 1.81 Monthly
£50,000+ 1.82 1.81 Monthly
£15,000+ 1.82 1.81 Monthly
£5,000+ 1.82 1.81 Monthly
£2,500+ 1.82 1.81 Monthly
£1+ 1.82 1.81 Monthly
Effective from 7 September 2023. These interest rates are variable.

Terms and conditions (PDF)

How we use your personal information (PDF)

Account charges and savings leaflet (PDF)

Pathfinder Fee Information Document (PDF)

Glossary (PDF)

Personal Special Deposit

Balance AER% Gross% Interest credited
£50,000+ 1.81 1.81 Bi-annually
£10,000+ 1.81 1.81 Bi-annually
£5,000+ 1.81 1.81 Bi-annually
£1+ 1.81 1.81 Bi-annually
Effective from 7 September 2023. These interest rates are variable.

Privilege Premier Savings

Balance AER% Gross% Interest credited
£100,000+ 5.25 5.25 Annually
£1+ 5.15 5.15 Annually
Effective from 7 September 2023. These interest rates are variable.

If you convert your Privilege Premier current account to a standard Current 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

Balance AER% Gross% Interest credited
£1+ 4.96 4.96 Annually
Effective from 7 September 2023. These interest rates are variable.

If you convert your Privilege current account to a standard Current 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

Balance AER% Gross% Interest credited
£100,000+ 1.81 1.81 Annually
£50,000+ 1.81 1.81 Annually
£25,000+ 1.81 1.81 Annually
£15,000+ 1.81 1.81 Annually
£5,000+ 1.81 1.81 Annually
£250+ 1.81 1.81 Annually
£1+ 1.81 1.81 Annually
Effective from 7 September 2023. These interest rates are variable.

Savewise

Balance AER% Gross% Interest credited
£50,000+ 1.81 1.81 Bi-annually
£10,000+ 1.81 1.81 Bi-annually
£5,000+ 1.81 1.81 Bi-annually
£1+ 1.81 1.81 Bi-annually
Effective from 7 September 2023. These interest rates are variable.

Savings Plus

Balance AER% Gross% Interest credited
£1+ 4.75 4.75 Annually

Effective from 7 September 2023.

If you convert your Current Account Plus to a standard Current 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)

Balance AER% Gross% Interest credited
£1+ 1.81 1.81 Annually
Effective from 7 September 2023. These interest rates are variable.

ISA

The Co-operative Cash ISA

Balance AER% Gross% Interest credited
£1+ 1.81 1.81 Annually
Effective from 7 September 2023. These interest rates are variable.

Cash ISA 2

Balance AER % Gross % Interest credited
£1+ 4.25 % 4.25 % Annually
Effective from 7 September 2023. These interest rates are variable.

Cash ISA 3

Balance AER % Gross % Interest credited
£1+ 3.00 % 3.00 % Annually
Effective from 7 September 2023. These interest rates are variable.

Online Cash ISA

Balance Tax-Free % AER % Interest credited
£1+ 2.65 2.65 Annually
Effective from 7 September 2023. These interest rates are variable.

Fixed Term

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. Alternatively visit us in branch or contact us.

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.

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 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.

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