We're reducing some of our savings interest rates
We have made the difficult decision to reduce interest rates for some of our savings accounts with effect from 5 May 2021.
If you’re applying for an account, please see the Summary Box for the current and new interest rates or:
Our instant access savings accounts let you take full control of your money, with the option to make payments whenever you need to.
Approval is based on an assessment of your personal circumstances.
Approval is based on an assessment of your personal circumstances.
The main difference is how you access and manage your account.
Online Saver |
---|
Interest paid annually |
0.15% Gross / AER variable |
Find out more |
Smart Saver |
---|
Interest paid annually |
0.09% Gross / AER variable |
Find out more |
Our savings tools can help you plan a budget and learn more about our ISAs.
Use our ISA Selector to help find the right one for you.
Use our ISA SelectorHelp and information about savings accounts for our existing customers.
Any reference to tax is based on our understanding of current tax regulations which may change in the future and depends on your individual financial circumstances.
The Co-operative Bank reserves the right to decline or accept any application and/or deposit.
smile, The Co-operative Bank and Britannia are trading names of The Co-operative Bank plc, which is a member of the Financial Services Compensation Scheme (FSCS).
The gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax).
This stands for Annual Equivalent Rate and shows you the rate of interest you’d receive if it was compounded and paid once each year.
The contractual rate of interest payable where interest is exempt from income tax.
Stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
This means the rate could go up or down. But we’ll notify you in advance if we plan to lower our interest rates.
The gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax).
This stands for Annual Equivalent Rate and shows you the rate of interest you’d receive if it was compounded and paid once each year.
This means the rate could go up or down. But we’ll notify you in advance if we plan to lower our interest rates.
If you'd like more help & information, you can: