Instant Access

Save what you like, when you like, with instant access to your money when you need it.

Instant access savings features

  • Unlimited withdrawals and deposits
  • Open with £1
  • Earn a variable rate of interest, paid annually
  • Manage your money online and on mobile

Base Rate Tracker

2.25% to 5.00% depending on your account balance

gross / AER variable

Ideal if you want your savings to keep up with the Bank of England base rate

Key features

  • Get a higher rate of return the higher your balance is
  • Manage online, by mobile, over the phone, in branch, or by post
  • Paperless statements available
  • Sole and joint accounts available

Important to know

  • Existing Co-operative Bank current account customers only
  • Interest rates can go down as well as up

Online Saver


gross / AER variable

Ideal if you want different savings pots to save for different things

Key features

  • Open multiple accounts to save for different things
  • Manage online and on mobile only
  • Paperless statements

Important to know

  • Existing Co-operative Bank current account customers only
  • Unable to deposit or withdraw cash or cheques
  • Sole accounts only

Smart Saver


gross / AER variable

Ideal if you want to manage your savings online, by mobile, in branch or by phone

Key features

  • Manage online, by mobile, over the phone or in branch
  • Easily transfer money to other accounts with us or another provider
  • Sole and joint accounts available
  • Paperless statements available

Important to know

  • Cash and cheques can be withdrawn or deposited in branch, you can also pay cheques in at the Post Office®

Instant access cash ISAs

Earn tax-free interest on your savings. Save up to £20,000 this current tax year with one of our instant access ISA accounts.

View instant access cash ISAs

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.

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.

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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