Instant access

Save what you like, when you like, with instant access to your money when you need it.

Instant access savings features

Unlimited withdrawals and deposits
Open with £1
Earn a variable rate of interest, paid annually
Manage your money online and on mobile

Regular Saver – Issue 1

7.00%

gross / AER variable

Ideal if you want to get into a good habit, and be rewarded with a higher interest rate

Key features

Save up to £250 each calendar month for 12 months, and receive a higher interest rate
Transfer money out of the account whenever you want
Sole and joint accounts available

Important to know

Existing Co-operative Bank current account customers only
You cannot deposit more than £250 in a single calendar month
You can only have one Regular Saver of the same issue at any one time

View Regular Saver

Base Rate Tracker

Ideal if you want your savings to keep up with the Bank of England base rate

Current account customers get an interest rate of 1.25% to 4.00% (gross / AER variable)

Non-current account customers get an interest rate of 1.00% to 3.75% (gross / AER variable)

Key features

Higher rates of interest available for eligible Co-operative Bank current account holders
Offers tiered interest rates meaning the more you save the more you earn
Manage online, by mobile, over the phone, in branch, or by post
Paperless statements available
Sole and joint accounts available

Important to know

Interest rates can go down as well as up

View Base Rate Tracker

Online Saver

2.12%

gross / AER variable

Ideal if you want different savings pots to save for different things

Key features

Open multiple accounts to save for different things
Manage online and on mobile only
Paperless statements

Important to know

Existing Co-operative Bank current account customers only
Unable to deposit or withdraw cash or cheques
Sole accounts only

View Online Saver

Smart Saver

1.53%

gross / AER variable

Ideal if you want to manage your savings online, by mobile, in branch or by phone

Key features

Manage online, by mobile, over the phone or in branch
Easily transfer money to other accounts with us or another provider
Sole and joint accounts available
Paperless statements available

Important to know

Cash and cheques can be withdrawn or deposited in branch, you can also pay cheques in at the Post Office®

View Smart Saver

Instant access cash ISAs

Earn tax-free interest on your savings. Save up to £20,000 this current tax year with one of our instant access ISA accounts.

View instant access cash ISAs

Understanding savings accounts

Here are some tools and practical guides to help you start saving.

Have a lump sum you want to save?

Explore what a lump sum is and how it can support your financial safety net or grow your wealth.

Read our lump sum guide

Savings accounts explained

Learn more about savings accounts, and how to earn more interest.

Find out how savings accounts work

Personal Savings Allowance

Find out about the Personal Savings Allowance and how it could affect you.

Learn about the Personal Savings Allowance

Why choose The Co-operative Bank

Born from the co-operative movement in 1872, we’re proud to be the only UK high street bank with a customer-led Ethical Policy.

Our customers know their money will be kept safe and not be used in a way that conflicts with their values and ethics.

Learn more about what makes us ethical

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.

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.