Interest Rates for our current savings products

Here you'll find all the interest rates for current products, including Britannia products.

Britannia

The Co-operative Bank

Britannia

1yr Fixed Rate Bond

Balance AER% Gross Interest credited
£1,000.00 0.34 0.34 Annually
£1,000.00 0.31 0.31 Monthly

The above fixed rates apply to the bond launched on 19/05/2022 and are fixed throughout the 1 year term.

2yr Fixed Rate Bond

Balance AER% Gross% Interest credited
£1,000.00 0.40 0.40 Annually
£1,000.00 0.37 0.37 Monthly

The above fixed rates apply to the bond launched 19/05/2022 and are fixed throughout the 2 year term.

3yr Fixed Rate Bond

Balance AER% Gross% Interest calculated
£1,000.00 0.43 0.43 Annually
£1,000.00 0.40 0.40 Monthly

The above fixed rates apply to the bond launched on 19/05/2022 and are fixed throughout the 3 year term.

Fixed Rate Cash ISA - fixed until 30/06/2023

Annual interest
Minimum Opening Balance Tax-Free% AER% Interest credited
£5,000.00 0.43 0.43 30 June each year

The above fixed rates apply to the Fixed Rate Cash ISA launched on 01/06/2022 and are fixed until 30/06/2023.

Fixed Rate Cash ISA - fixed until 30/06/2024

Annual interest
Minimum Opening Balance Tax-Free% AER% Interest credited
£5,000.00 0.50 0.50 30 June each year

The above fixed rates apply to the Fixed Rate Cash ISA launched on 01/06/2022 and are fixed until 30/06/2024.

The Co-operative Bank

Cash ISA

Balance Tax-Free% AER% Interest credited
£1+ 0.21 0.21 Annually

Effective from 7th June 2022. These Interest rates are variable.

Future Fund Account

Balance AER% Gross% Interest calculated
£5,000+ 0.21 0.21 Annually
£1,000+ 0.21 0.21 Annually
£1+ 0.21 0.21 Annually

Effective from 7th June 2022. These Interest rates are variable

Online Cash ISA

Balance Tax-Free % AER % Interest credited
£1+ 0.34 0.34 Annually

Effective from 7th June 2022. These Interest rates are variable.

Online Saver

Balance AER% Gross% Interest calculated
£1+ 0.34 0.34 Annually

Effective from 7th June 2022. These interest rates are variable.

Smart Saver

Balance AER% Gross% Interest credited
£1+ 0.21 0.21 Annually

Effective from 7th June 2022. These interest rates are variable.

Select Access Saver

Balance AER% Gross% Interest credited
If you make 4 withdrawals or less per calendar year £1 0.34 0.34 Annually
If you make 5 withdrawals or more per calendar year £1+ 0.06 0.06 Annually

Effective from 25th May 2022. These interest rates are variable.

Savings terms explained

AER stands for Annual Equivalent Rate and shows what the interest rate would be if it 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 depends on the customer's individual financial circumstances.

The Co-operative Bank reserves the right to decline to accept any application and/or deposit.

FSCS logo

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 click here for further information or visit www.fscs.org.uk

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