Start small, think big
We offer instant access, limited access, fixed rate accounts or ISA options so you can find our best savings account that suits you and your savings plans. All with the original ethical bank.
We are reducing our variable savings interest rates
As a result of the Bank of England base rate reduction on 7 November, the variable rates across our savings accounts will reduce on 22/01/2025.
Select Access Saver 3
Enjoy an interest rate of 4.59% gross / AER variable if you make one withdrawal or less in a calendar year. View our Select Access Saver 3.
Ready to boost your savings for the festive period, but not sure where to start?
We know saving can feel overwhelming in the run up to the festive period. To help make saving easier and more fun, check out our ten money saving challenges that you can use heading into the New Year and beyond.
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.
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.
Over 2 million customers and counting - here’s what they have to say
"I've been banking with the Co-op for over 10yrs now. The staff have always been very helpful, and the app is great. It's also the only bank where you don't have to worry where your money is being invested."
Financial Services Compensation Scheme
Your eligible deposits held by a UK establishment of The Co-operative Bank plc 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.
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