Save what you like, when you like, with instant access to your money when you need it.
As a result of the Bank of England base rate decrease on 1 August, the variable rates across our savings accounts will reduce on 16/10/2024. View the changes (PDF)
7.00%
gross / AER variable
Ideal if you want to get into a good habit, and be rewarded with a higher interest rate
2.00% to 4.75% depending on your account balance
gross / AER variable
Ideal if you want your savings to keep up with the Bank of England base rate
2.65%interest changing to 2.53% on 16/10/2024
gross / AER variable
Ideal if you want different savings pots to save for different things
1.81% interest changing to 1.75% on 16/10/2024
gross / AER variable
Ideal if you want to manage your savings online, by mobile, in branch or by phone
Earn tax-free interest on your savings. Save up to £20,000 this current tax year with one of our instant access ISA accounts.
Here are some tools and practical guides to help you start saving.
Learn more about savings accounts, and how to earn more interest.
Find out how savings accounts work
Find out about the Personal Savings Allowance and how it could affect you.
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.
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 11.59:59pm 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.
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 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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