Interest Rates for our current savings products

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

 

Britannia

1yr Fixed Rate Bond
Balance AER% Gross% Interest credited
£1,000.00 0.85 0.85 Annually
£1,000.00 0.84 0.84 Monthly
The above fixed rates apply to the bond launched on 12/12/2019 and are fixed throughout the 1 year term.
2yr Fixed Rate Bond
Balance AER% Gross% Interest credited
£1,000.00 1.00 1.00 Annually
£1,000.00 0.99 0.99 Monthly
The above fixed rates apply to the bond launched on 25/02/2020 and are fixed throughout the 2 year term.
3yr Fixed Rate Bond
Balance AER% Gross% Interest credited
£1,000.00 1.10 1.10 Annually
£1,000.00 1.09 1.09 Monthly
The above fixed rates apply to the bond launched on 25/02/2020 and are fixed throughout the 3 year term.
Fixed Rate Cash ISA - fixed until 05/04/2021
Annual interest
Minimum Opening Balance Tax-Free% AER% Interest credited
£5,000.00 0.75 0.75 5 April each year
The above fixed rates apply to the Fixed Rate Cash ISA launched on 10/03/2020 and are fixed until 05/04/2021.
Fixed Rate Cash ISA - fixed until 05/04/2022
Annual interest
Minimum Opening Balance Tax-Free% AER% Interest credited
£5,000.00 0.80 0.80 5 April each year
The above fixed rates apply to the Fixed Rate Cash ISA launched on 10/03/2020 and are fixed until 05/04/2022.
Additional Allowance ISA

Current rates up to 21st April 2020

Annual interest
Minimum Opening Balance Tax-Free% AER% Interest credited
N/A 0.56 0.56 Annually
Effective from 30th August 2018. These interest rates are variable.

New rates from 22nd April 2020

Annual interest
Minimum Opening Balance Tax-Free% AER% Interest credited
N/A 0.25 0.25 Annually
Effective from 22nd April 2020. These interest rates are variable.
Select Access Saver 12
Annual interest
Balance AER% Gross% Interest credited
If you make four withdrawals or fewer per calendar year £1+ 0.80% 0.80% Annually
If you make five withdrawals or more per calendar year £1+ 0.30% 0.30% Annually
Effective from 13th March 2020. These interest rates are variable.

The Co-operative Bank

Cash ISA

Current rates up to 21st April 2020

Balance Tax-free% AER% Interest credited
£1+ 0.56 0.56 Annually
Effective from 30th August 2018. These Interest rates are variable.

New rates from 22nd April 2020

Balance Tax-free% AER% Interest credited
£1+ 0.25 0.25 Annually
Effective from 22nd April 2020. These Interest rates are variable.
The Co-operative Membership Savings

Current rates up to 21st April 2020

Balance AER% Gross% Interest credited
£1+ 0.25 0.25 Annually
Effective from 11th March 2009. These interest rates are variable.

New rates from 22nd April 2020

Balance AER% Gross% Interest credited
£1+ 0.09 0.09 Annually
Effective from 22nd April 2020. These interest rates are variable.
Future Fund Account

Current rates up to 21st April 2020

Balance AER% Gross% Interest credited
£5,000+ 0.46 0.46 Annually
£1,000+ 0.46 0.46 Annually
£1+ 0.46 0.46 Annually
Effective from 30th August 2018. These Interest rates are variable

New rates up to 22nd April 2020

Balance AER% Gross% Interest credited
£5,000+ 0.25 0.25 Annually
£1,000+ 0.25 0.25 Annually
£1+ 0.25 0.25 Annually
Effective from 22nd April 2020. These Interest rates are variable
Online Cash ISA

Current rates up to 21st April 2020

Balance Tax-free% AER% Interest credited
£1+ 0.75 0.75 Annually
Effective from 30th August 2018. These Interest rates are variable.

New rates from 22nd April 2020

Balance Tax-free% AER% Interest credited
£1+ 0.50 0.50 Annually
Effective from 22nd April 2020. These Interest rates are variable.
Online Saver

Current rates up to 21st April 2020

Balance AER% Gross% Interest credited
£1+ 0.75 0.75 Annually
Effective from 30th August 2018. These interest rates are variable.

New rates from 22nd April 2020

Balance AER% Gross% Interest credited
£1+ 0.50 0.50 Annually
Effective from 22nd April 2020. These interest rates are variable.
Smart Saver

Current rates up to 21st April 2020

Balance AER% Gross% Interest credited
£1+ 0.46 0.46 Annually
Effective from 30th August 2018. These interest rates are variable.

New rates from 22nd April 2020

Balance AER% Gross% Interest credited
£1+ 0.25 0.25 Annually
Effective from 22nd April 2020. These interest rates are variable.

Definitions

Gross - The gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax).

AER - Stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

Tax-free - The contractual rate of interest payable where interest is exempt from income tax.

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.

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). Find out more