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Instant access savings accounts

With an instant access savings account, you can withdraw your money whenever you need it. Instant access accounts may also be called easy access.

Is instant access right for me?

  • Easy access to your money, whenever and wherever you need it

  • Suitable for saving for a rainy day or short-term goals

Not sure if instant access is right for you?

On this page:

Compare instant access savings accounts

Use our table to compare our instant access accounts at a glance. Find out more about each account to see if it’s the right fit for you.

Read an explanation of what gross, tax-free, AER and variable interest rates mean.

Account Interest rate Deposits and balances
Regular Saver
Current account holders only.
Joint accounts available.
 7% gross / AER variable (annually) Opening Deposit - £1
Max Deposit - £250 per calendar month.
Base Rate Tracker – current account holders
Joint accounts available.		 1.25% to 3.75% gross / AER variable (annually)
Depending on your balance.		 Min Deposit - £1
Max Balance - £1,000,000
Base Rate Tracker – non-current account holders
Joint accounts available.		 1.00% to 3.50% gross / AER variable (annually)
Depending on your balance.		 Min Deposit - £1
Max Balance - £1,000,000
Online Saver
Current account holders only.		 2.12% gross / AER variable (annually) Min Deposit - £1
Max Balance - £1,000,000
Online Cash ISA
Current account holders only.		 2.12% tax-free / AER variable (annually) Min Deposit - £1
Max Deposit - £20,000 per tax year.
Max balance - £1,000,000
Cash ISA 1.53% tax-free / AER variable (annually) Min Deposit - £1
Max Deposit- £20,000 per tax year.
Max Balance - £1,000,000
Smart Saver
Joint accounts available.		 1.53% gross / AER variable (annually) Min Deposit - £1
Max Balance - £1,000,000
Future Fund
Our children's account.		 1.53% gross / AER variable (annually) Min Deposit - £1
Max Balance - £1,000,000

Regular Saver - Issue 1

Exclusive account

  • 7% gross / AER variable (annually) 12 month term

  • Sole and joint accounts available

  • Opening deposit of £1, no minimum monthly deposit. max deposit of £250 per calendar month

  • Access your money online, through our mobile app, by telephone, or in branch – you can also pay in cheques by post or at your local Post Office®

  • You can only have one Regular Saver of the same issue at any one time.

  • You must already have one of our Co-operative Bank current accounts before you apply.

View Regular Saver

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Base Rate Tracker

Exclusive rate available

  • Current account customers benefit from an interest rate of 1.25% to 3.75% gross / AER variable (annually) depending on your balance

  • Non-current account customers benefit from an interest rate of 1.00% to 3.50% gross / AER variable (annually) depending on your balance

  • Sole and joint accounts available

  • Minimum deposit of £1, max balance of £1,000,000

  • Access your money online, through our mobile app, by telephone, or in branch – you can also pay in cheques by post or at your local Post Office®

  • Your interest rate will go up and down with the Bank of England base rate.

View Base Rate Tracker

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Online Saver

Exclusive account

  • 2.12% interest (gross / AER variable) changing to 2.06% on 22/10/2025 (annually)

  • Sole accounts only

  • Minimum deposit of £1, max balance of £1,000,000

  • Access your money using online banking or our mobile app

  • You must already have one of our Co-operative Bank current accounts before you apply.

View Online Saver

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Online Cash ISA

Exclusive account

  • 2.12% interest (tax-free / AER variable) changing to 2.06% on 22/10/2025 (annually)

  • Sole accounts only

  • Minimum deposit of £1, max deposit £20,000 per tax year, max balance of £1,000,000 (you can also transfer your existing cash ISA to us)

  • Access your money using online banking or our mobile app

  • You cannot pay into more than one cash ISA with The Co-operative Bank or smile in the same tax year.

  • You must already have one of our Co-operative Bank current accounts before you apply.

View Online Cash ISA

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Cash ISA

  • 1.53% interest (tax-free / AER variable) changing to 1.46% on 22/10/2025 (annually)

  • Sole accounts only

  • Minimum deposit of £1, max deposit £20,000 per tax year, max balance of £1,000,000 (you can also transfer your existing cash ISA to us)

  • Access your money online, through our mobile app, by telephone, or in branch – you can also pay in cheques by post or at your local Post Office®

  • You cannot pay into more than one cash ISA with The Co-operative Bank or smile in the same tax year.

View Cash ISA

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Smart Saver

  • 1.53% interest (gross / AER variable) changing to 1.46% on 22/10/2025 (annually)

  • Sole and joint accounts available

  • Minimum deposit of £1, max balance of £1,000,000

  • Access your money online, through our mobile app, by telephone, or in branch – you can also pay in cheques by post or at your local Post Office®

View Smart Saver

Back to comparison table

  • Future Fund

Children aged from 7 up to 18 can apply in their own name, or you can apply for them.

  • 1.53% interest (gross / AER variable) changing to 1.46% on 22/10/2025 (annually)

  • Sole accounts only

  • Min deposit of £1, max balance of £1,000,000

  • Access your money online, through our mobile app, by telephone, or in branch – you can also pay in cheques by post or at your local Post Office®

View Future Fund

Grow your savings with an instant access account

Instant access accounts are the perfect fit if you’re trying to develop a good savings habit and save a lump sum. You can save when suits you.

  • Create a standing order on payday – a great way to build a savings habit

  • Save any extra cash that comes your way

  • Benefit from opening a Regular Saver account with a higher interest rate – learn more in our regular savings guide

Our savings guides

We’ve got savings guides for every type of saver:

View all savings guides

Calculate how much you could save

Use our savings interest calculator to work out how much money you could save and how much your savings could be worth.

Savings interest calculator

Instant access or ISA?

Read our guide to learn how ISAs and easy access savings accounts work and how to decide what's right for you.

Instant access or ISA?

Compare all cash ISA products

Savings FAQs

We have a range of savings accounts to meet your needs and depending on the type of account you choose you can apply through various channels including branch, telephone, online and by post. Compare and find out more about the accounts we offer and how to apply. You will need to meet the eligibility criteria and may need to provide identification either digitally or in person.

Will a credit check be carried out if I apply for a savings account?

There is no limit on the number of savings accounts a person can hold. However, there can be limits to the deposits and the balances you can hold in them dependent on the type of savings account and their terms and conditions. Cash ISAs, for example, only permit a maximum of £20,000 deposit per tax year. Whereas other savings accounts can limit how much you deposit or how many times you withdraw.

Before opening any savings account research our best savings account for you based on your personal circumstances and choose the products that will benefit your goals. Use our filters to help you compare our range of savings accounts to find our best savings account for you and your needs.

The Bank of England base rate is one of a number of things we look at when reviewing the interest rates of our savings accounts.

Find general information on Bank of England base rate here.

Find out how the Bank of England base rate affects your savings accounts.

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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