Fixed Rate Bonds

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

Choose whether to receive your interest payments monthly or annually.

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

Fixed rate bonds features

  • Start saving with £1,000 or more
  • Know how much you’ll earn with a fixed interest rate
  • Choose monthly or annual interest payments
  • Sole and joint accounts available
  • Open on behalf of someone else, such as a child

Britannia Fixed Rate Bond

Annual interest rates

0.34% AER for a 1 year fixed rate bond - issue 280
0.40% AER for a 2 year fixed rate bond - issue 143
0.43% AER for a 3 year fixed rate bond - issue 101

Monthly interest rates

0.31% AER for a 1 year fixed rate bond - issue 280
0.37% AER for a 2 year fixed rate bond - issue 143
0.40% AER for a 3 year fixed rate bond issue 101

Ideal if you have £1,000 or more to lock away and want a fixed interest rate.

Important to know

  • Need a minimum £1,000 deposit
  • Withdrawals not allowed
  • At the end of your term, access your money in branch or by post
  • No further deposits are allowed after the 14 days from account opening

Fixed rate cash ISAs

Earn tax-free interest on your savings. Save up to £20,000 this current tax year with our fixed rate cash ISA.

Understanding savings accounts

Here are some tools and practical guides to help you start saving.

Savings accounts explained

learn more about savings accounts, and how to earn more interest.

Find out how savings accounts work

Personal Savings Allowance

Find out about the Personal Savings Allowance and how it could affect you.

Learn about the Personal Savings Allowance

Why choose The Co-operative Bank

Born from the co-operative movement in 1872, 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

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.

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