Interest rates for our current savings products

1yr Fixed Rate Cash ISA

Annual interest
Minimum Opening Balance AER% Tax-Free% Interest credited
£5,000.00 4.15 4.15 Annually

The above fixed rates apply to the Co-operative Bank Fixed Rate Cash ISA launched on 05/11/2024 and are fixed throughout the 1 year term.

2yr Fixed Rate Cash ISA

Annual interest
Minimum Opening Balance AER% Tax-Free% Interest credited
£5,000.00 3.93 3.93 Annually

The above fixed rates apply to the Co-operative Bank Fixed Rate Cash ISA launched on 05/11/2024 and are fixed throughout the 2 year term.

1yr Fixed Term Deposit

Balance AER% Gross% Interest credited
£1,000.00 4.28 4.28 Annually
£1,000.00 4.33 4.25 Monthly

The above fixed rates apply to the fixed term deposit launched on 14/11/2024 and are fixed throughout the 1 year term.

2yr Fixed Term Deposit

Balance AER% Gross% Interest credited
£1,000.00 3.90 3.90 Annually
£1,000.00 3.94 3.87 Monthly

The above fixed rates apply to the fixed term deposit launched 14/11/2024 and are fixed throughout the 2 year term.

3yr Fixed Term Deposit

Balance AER% Gross% Interest credited
£1,000.00 3.87 3.87 Annually
£1,000.00 3.91 3.84 Monthly

The above fixed rates apply to the fixed term deposit launched on 14/11/2024 and are fixed throughout the 3 year term.

Base Rate Tracker Savings Account

Based on Bank of England base rate of 4.75%. To monitor the Bank of England base rate visit the Bank of England's website.

Balance Gross / AER% Tracking rate Interest credited
£100,000+ 4.50% 0.25% below Bank of England base rate Annually
£75,000+ 3.75% 1.00% below Bank of England base rate Annually
£50,000+ 3.25% 1.50% below Bank of England base rate Annually
£25,000+ 2.75% 2.00% below Bank of England base rate Annually
£10,000+ 2.25% 2.50% below Bank of England base rate Annually
£1+ 1.75% 3.00% below Bank of England base rate Annually
These interest rates are variable and track at a fixed margin below the Bank of England base rate (Tracking rate) dependent on the account balance until 30 June 2025.

Interest is credited annually.

Cash ISA

Below are rates up to 21 January 2025

Balance AER% Tax-Free% Interest credited
£1+ 1.75 1.75 Annually

Effective from 16 October 2024. These interest rates are variable.

Cash ISA

Below are rates from 22 January 2025.

Balance AER% Tax-Free% Interest credited
£1+ 1.68 1.68 Annually

These interest rates are variable.

Future Fund Account

Below are rates up to 21 January 2025.

Balance AER% Gross% Interest calculated
£5,000+ 1.75 1.75 Annually
£1,000+ 1.75 1.75 Annually
£1+ 1.75 1.75 Annually

Effective from 16 October 2024. These interest rates are variable.

Future Fund Account

Below are rates from 22 January 2025.

Balance AER% Gross% Interest calculated
£5,000+ 1.68 1.68 Annually
£1,000+ 1.68 1.68 Annually
£1+ 1.68 1.68 Annually

These interest rates are variable.

Online Cash ISA

Below are rates up to 21 January 2025.

Balance AER% Tax-Free% Interest credited
£1+ 2.53 2.53 Annually

Effective from 16 October 2024. These interest rates are variable.

Online Cash ISA

Below are rates from 22 January 2025.

Balance AER% Tax-Free% Interest credited
£1+ 2.46 2.46 Annually

These interest rates are variable.

Online Saver

Below are rates up to 21 January 2025

Balance AER% Gross% Interest calculated
£1+ 2.53 2.53 Annually

Effective from 16 October 2024. These interest rates are variable.

Online Saver

Below are rates from 22 January 2025.

Balance AER% Gross% Interest calculated
£1+ 2.46 2.46 Annually

These interest rates are variable.

Regular Saver

Balance AER% Gross% Interest credited
£1+ 7.00 7.00 Annually

Effective from 22 February 2024. These interest rates are variable.

Select Access Saver 3

Below are rates up to 21 January 2025

Balance AER% Gross% Interest credited
If you make 1 withdrawal or less per calendar year £1+ 4.59 4.59 Annually
If you make 2 withdrawals or more per calendar year £1+ 1.25 1.25 Annually

Effective from 5 November 2024. These interest rates are variable.

Select Access Saver 3

Below are rates from 22 January 2025.

Balance AER% Gross% Interest credited
If you make 1 withdrawal or less per calendar year £1+ 4.59 4.59 Annually
If you make 2 withdrawals or more per calendar year £1+ 1.18 1.18 Annually

These interest rates are variable.

Smart Saver

Below are rates up to 21 January 2025

Balance AER% Gross% Interest calculated
£1+ 1.75 1.75 Annually

Effective from 16 October 2024. These interest rates are variable.

Smart Saver

Below are rates from 22 January 2025.

Balance AER% Gross% Interest calculated
£1+ 1.68 1.68 Annually

These interest rates are variable.

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.

The Co-operative Bank reserves the right to decline or 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 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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