Here you'll find all the interest rates for current products.
Annual interest |
Minimum Opening Balance | AER% | Tax-Free% | Interest credited |
£5,000.00 | 4.15 | 4.15 | Annually |
Annual interest |
Minimum Opening Balance | AER% | Tax-Free% | Interest credited |
£5,000.00 | 3.93 | 3.93 | Annually |
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. |
Balance | AER% | Tax-Free% | Interest credited |
£1+ | 1.75 | 1.75 | Annually |
Effective from 16 October 2024. These interest rates are variable.
Below are rates from 22 January 2025.
Balance | AER% | Tax-Free% | Interest credited |
£1+ | 1.68 | 1.68 | Annually |
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.
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 |
Balance | AER% | Tax-Free% | Interest credited |
£1+ | 2.53 | 2.53 | Annually |
Effective from 16 October 2024. These interest rates are variable.
Below are rates from 22 January 2025.
Balance | AER% | Tax-Free% | Interest credited |
£1+ | 2.46 | 2.46 | Annually |
Balance | AER% | Gross% | Interest calculated |
£1+ | 2.53 | 2.53 | Annually |
Effective from 16 October 2024. These interest rates are variable.
Below are rates from 22 January 2025.
Balance | AER% | Gross% | Interest calculated |
£1+ | 2.46 | 2.46 | Annually |
Balance | AER% | Gross% | Interest credited |
---|
£1+ | 7.00 | 7.00 | Annually |
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.
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 |
Balance | AER% | Gross% | Interest calculated |
£1+ | 1.75 | 1.75 | Annually |
Effective from 16 October 2024. These interest rates are variable.
Below are rates from 22 January 2025.
Balance | AER% | Gross% | Interest calculated |
£1+ | 1.68 | 1.68 | Annually |
Please see here for interest rate for savings accounts no longer available to new savers
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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