Our savings accounts
We’re reducing some of our savings interest rates
Following the recent Bank of England base rate change, there will be a reduction to some of our interest rates with effect from 24th June 2020.
If you’re applying for an account please see the Summary Box for current and new interest rates. If you are an existing savings customer you can see the current and new interest rates here:
Help and support for savings customers
Interest rates for our current savings products
Interest rates for our savings products no longer available
Bank of England base rate change
On 11th March 2020, the Bank of England base rate decreased from 0.75% to 0.25%.
On 19th March 2020, the Bank of England base rate decreased from 0.25% to 0.10%.
On this page, you can see the range of savings we provide as an ethical bank. Whatever you need, you can choose the best account for your savings.
Limited access accounts
Our Select Access Saver lets you access your money if you need to. We give you a higher interest rate if you only make up to 4 withdrawals per calendar year.
Britannia Select Access Saver 13
0.55%
gross / AER variable
0.05%
gross / AER variable
if you make 5 or more withdrawals per calendar year
- We give you a higher interest rate if you only make up to 4 withdrawals per calendar year.
- Open with £500 or more.
- Manage your account in‑branch, over the phone or by post.
Ideal if: You want to save regularly, but need access to your money in an emergency.
Instant access accounts
Make payments and withdrawals whenever you like, and get instant access to your money for those unexpected costs.
Smart Saver
0.25%
gross / AER variable
- Make unlimited withdrawals and deposits in‑branch, online, on your mobile, over the phone or at the Post Office®.
- Open with just £1.
- Manage your account online, through our mobile app, over the phone or in‑branch.
Ideal if: You want to regularly access your money with a cash card, usable at any UK ATM.
Online Saver
Only available to Co‑operative Bank customers who have a current account with us.
0.50%
gross / AER variable
- Make unlimited withdrawals and deposits online and through our mobile app.
- Open with just £1.
- Make electronic transfers to other accounts, with us or another provider.
Ideal if: You want to manage your savings on the go.
Fixed rate bonds
Save £1,000 or more into a Fixed Rate Bond for 1, 2 or 3 years. Get a guaranteed rate of interest back, no matter what happens.
Britannia Fixed Rate Bond
Monthly interest options available.
0.35%
1 year, gross / AER
0.40%
2 year, gross / AER
0.50%
3 year, gross / AER
- On maturity, access your money in‑branch or by post.
- Open with £1,000 or more.
- Withdrawals are not permitted during the fixed term.
Ideal if: You have a lump sum of money to lock away.
ISAs
Earn tax-free interest on your savings. Save up to £20,000 in the current tax year, or transfer in your previous years' subscription starting from just £1. Whether you're looking for instant access or fixed term, choose an ISA that's right for you.
Britannia Fixed Rate Cash ISA
0.45%
tax free / AER
fixed until 30/06/2021
0.50%
tax free / AER
fixed until 30/06/2022
- Open an account online, over the phone or in-branch.
- Open with £5,000 or more for the current tax year.
- Withdraw during the fixed term, subject to 180 days' loss of interest on the amount withdrawn.
Ideal if: You don't need access to your savings until a fixed date.
Online Cash ISA
Only available to Co‑operative Bank customers who have a current account with us.
0.50%
tax free / AER variable
- Manage your savings online, and in our mobile app.
- Open with just £1 .
- Withdraw your money as often as you need to.
Ideal if: You want to open and manage your ISA online.
Cash ISA
0.25%
tax free / AER variable
- Manage your savings online, in‑branch, over the phone or at your local Post Office®.
- Open with just £1.
- Withdraw your money as often as you need to.
Ideal if: You want more choice on how to manage your ISA.
Additional Allowance ISA
0.25%
tax free / AER variable
- Deposit to the value of your deceased spouse or civil partner's Co‑operative Bank ISA.
- Withdraw your money as often as you need to.
- Manage your account by post, over the phone or in‑branch.
Children's savings
Open a Future Fund account with just £1, and watch your child's savings grow. All with a bank who cares about the future.
Future Fund
0.25%
gross / AER variable
- Open on a child's behalf, in‑branch or by post, and keep it open until they turn 18.
- Open with just £1.
- Manage online, in‑branch, over the phone or at any Post Office®.
Ideal if: You want to help a child to start saving.
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Savings products -
Select Access Saver
Instant access to your money, and get a higher interest rate if you make no more than 4 withdrawals per calendar year.
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Instant Access
Add to your savings whenever you want and access to your money whenever you need it.
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Fixed Rate Bonds
Invest your savings for a fixed period, and get a rate of interest that won't change until maturity.
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ISAs
We offer fixed-rate and instant access cash ISAs, so you can earn tax-free interest as you save.
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Children's savings
Start to learn how to save your money and watch it grow. While your parents can start preparing for your future.
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Re-investing savings products -
Cash ISAs for maturing customers
Choose between our Fixed Rate Cash ISA, which allows you to again lock away your savings for a better tax-free return or our Cash ISA which offers instant access.
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Britannia Maturity Fixed Rate Bonds
Reinvest into a Britannia Maturity Fixed Rate Bond for 1, 2 or 3 years.
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The Co-operative Bank Fixed Term Deposits
If you have a maturing Co-operative Bank Fixed Term Deposit, you can reinvest your money for another 1, 2 or 3 years.
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Tax free - The contractual rate of interest payable where interest is exempt from income 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 year - A tax year runs from 6 April to 5 April the following year.
Gross - The gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax).
Variable - When a rate is advertised as variable, it means that it could go up or down.
Open a tax-free ISA
Save with a tax-free savings account. Choose between a fixed-rate or instant access ISA, and open your account with as little as £1.
Stay in control
Our instant access accounts give you the option to make withdrawals whenever you need to.See our instant access options
Children's savings
Start saving for their futures today. Available to open with just £1.Open a children's account
Tools
Our savings tools can help you plan a budget and learn more about our ISAs.
Still undecided about which ISA?
Use our ISA Selector to help find the right one for you.
Use our ISA SelectorGuides
Learn more about our savings products, including how ISA allowances work and general information about Britannia savings accounts.
How to pay money into a savings account
Find out how savings accounts work, how to open a savings account, and how to pay in money here.
Personal Savings Allowance
Find out more about the Personal Savings Allowance and what it means for you.Learn more
Managing your Britannia Savings Account
Find out more about operating your Britannia Savings Account.Learn more
Interest rates for our current savings products
Here you’ll find the interest rates for all our current products, including Britannia products.
View all our current savings products
Interest rates for our closed savings products
Here you can find interest rates for savings accounts that you can no longer apply for.
View all our closed savings products
Help for existing customers
Help 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).
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