Login to Personal Banking Skip to content
  1. Home
  2. Our products
  3. Savings
  4. Select Access Saver

Select Access Saver provided by:

britannia logo

Select Access Saver

Earn an interest rate of 0.60% gross/AER if you make no more than 4 withdrawals per calendar year, and have access to your money if you need it.


  • Earn a variable rate of 0.60% gross AER, paid annually on 1 January.
    • If you make more than 4 withdrawals in a calendar year, your variable rate will change to 0.10% gross AER. The rate will remain 0.10% gross AER between the date of your fifth withdrawal and 1 January the following year. Can you explain that a bit more?
    • Interest is calculated daily and will be paid into your account annually on the first working day after 1 January.
  • Open your account with a minimum of £500, and keep it active with as little as £1 deposited in it.
  • Make as many withdrawals as you like, over the phone or by visiting us in branch.
    • This account can’t be managed through online banking.
    • Please note, if you make more than 4 withdrawals in a calendar year, you will receive a lower interest rate until 1 January the following year.
  • Available as a sole or joint account.

Summary Box for Britannia Select Access Saver 7

  • The information provided below is a summary of the key features of our Select Access Saver and is not intended to be a substitute for reading its terms and conditions.

Account name


Britannia Select Access Saver 7

What is the interest rate?


Interest paid annually
Gross / AER 0.60%

if you make four withdrawals or fewer per calendar year

Gross / AER 0.10%

if you make five withdrawals or more per calendar year

  • If you make more than four withdrawals during the same calendar year, the lower rate of interest will apply from your fifth withdrawal until 31 December in the same calendar year. The interest rate on your Account will revert to the higher rate on 1 January of the following calendar year.
  • Interest is calculated daily and will be paid into your account annually on the first working day after 1 January.

Can Britannia change the interest rate?


Yes, the interest rate is variable which means it can go up or down.

We may change your interest rate for the following reasons:

  • to respond to any change, or reasonably expected change in the Bank of England base rate or other rate which impacts on the costs we incur.
  • to reflect any change, or reasonably expected change in our costs, regulation, law or in how we do business.
  • to reflect any change, or reasonably expected change that affects us, if it is reasonable for us to pass the impact of the change on to you.

We can also vary the interest rate without a particular reason but we will always notify you and allow you to close the account without any extra charges.

When we increase our interest rates we’ll tell you about the change within 30 days after it’s happened. This includes notifying you through branch notices, national press advertisements, statement messages or statement inserts. We may also send you a letter in the post, or email you.

When we decrease our interest rates we’ll inform you by personal notice at least two months before we make the change.

For full details, please see the changes to interest rates section of the terms and conditions.

What would the estimated balance be after 12 months, based on a £1,000 deposit?


Where you have made no withdrawals and so your interest rate is the higher rate paid on the account.

Account balance £1000
Balance after 12 months £1,006.00
Interest earned £6.00

We have worked this out assuming:

  • You haven’t made any additional deposits or withdrawals.
  • We haven’t changed the interest rate in the 12 month period.

Where you have made 5 or more withdrawals so your interest rate is the lower rate paid on the account.

Account balance after your 5th withdrawal £1000
Balance after 12 months £1,001.00
Interest earned £1.00

We have worked this out assuming:

  • The 12 months starts on the day you make your 5th withdrawal.
  • You haven’t made any additional deposits or withdrawals during the 12 months.
  • We haven’t changed the interest rate in the 12 month period.
  • Please note: while you’ll never experience a full 12 months at the lower rate (because the interest rate on your account will revert to the higher rate on 1 January), we have used this to illustrate the impact of making more than 4 withdrawals. The balance shown does not take account of the fact that you would have earned interest at the higher rate until 5th withdrawal is made.
  • Please note: both examples above are intended to illustrate the interest that would be earned after 12 months. The balance shown does not take account of the fact that interest is paid annually on the first working day after 1 January, rather than 12 months after account opening.

How do I open and manage my account?


Can I apply for this account?

To apply, you must:

  • Be aged 16 or over.
  • Be a UK resident (for tax purposes).
  • Only one Select Access Saver 7 account can be held per person at any one time. A new account cannot be opened within the same calendar year of closing one. If you hold a closed issue Select Access Saver Account which is no longer available to new customers, you may also open this Select Access Saver 7 account whilst it is available to apply for.
  • This account can be opened as a sole or joint account.

How do I apply for this account?

You can apply for this account:

  • Online - through our website.
  • Over the phone.
  • In branch - by speaking to one of our advisers.

Is there a minimum and a maximum balance?

  • The minimum opening balance is £500.
  • The minimum balance is £1.
  • The maximum balance is £1,000,000.

How do I make deposits into this account?

You can pay into this account with either cash, cheque, or by transfer from another account held with us or another provider.

How do I contact you to discuss this account?

You can contact us by telephone or in branch to discuss this account.

Can I withdraw money?


Yes, you can withdraw your money whenever you want as this account offers instant access.

However, if you make more than four withdrawals during the same calendar year, the lower rate of interest will apply from your fifth withdrawal until 31 December in the same calendar year. The interest rate on your Account will revert to the higher rate on 1 January of the following calendar year.

You can make withdrawals through the following ways:

  • Telephone Banking - through electronic transfers to one ‘linked current account’ of your choice.
  • In branch - withdraw cash/cheques over the counter.
  • Post - you can request cheque withdrawals. Withdrawal forms for you to complete are available on request.

Additional information


Interest earned from this account will count towards any of your available personal savings allowance.

We will pay interest without deducting income tax. If you earn more interest than the amount permitted as tax free income, you will have to pay tax on the interest earned directly to HM Revenue & Customs. If you are not sure whether you will have to pay income tax, we recommend that you contact your local tax office or HM Revenue and Customs or visit www.gov.uk/hmrc/savingsallowance

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.

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.

Working day - any day other than Saturday, Sunday or a bank holiday or public holiday in England and Wales.

To apply, you need to be:

  • 16 or over.
  • A UK resident (for tax purposes).
  • You can only have one Select Access Saver 7 account at any one time. If you close your account, then you can’t open another within the same calendar year.

    If you have a Select Access Saver account, between issues 1-6, you can also open this Select Access Saver 7 account whilst it’s available.

Approval is based on an assessment of your personal circumstances.

Ready to apply?

Please read our terms and conditions and other important documents before applying
  • All the information you’ve read so far (e.g. features, eligibility) can be found in the important documents below. We recommend that you save a copy of these important documents for future reference.
Start application

Important documents

Product Specific Terms and Conditions & Summary Box (which contains interest rates)

Download Product Specific Terms and Conditions & Summary Box (which contains interest rates) PDF (618KB)

Britannia General terms & conditions

Download Britannia General terms & conditions PDF (979KB)

How we use your personal information

Download How we use your personal information PDF (290KB)

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).

Contact us

If you'd like more help & information, you can:

Chat to us via live chat