Co-operative Bank Savings Accounts

Co-operative Bank Savings Accounts

Compare Saving Accounts

Top UK Instant Access Account

Earn 0.71% Gross AER

  • Provider – Investec Bank
  • Account – Online Flexi Saver Account
  • Deposit from £5,000
  • Interest paid monthly, either to a linked current account, or adding it to your Online Flexi Saver account
  • Unlimited payments and withdrawals
  • FSCS Protected
Investec Bank Online Flexi Saver »
Account
Santander Everyday Current Account
Features
Earn up to 15% cashback with Retailer Offers
Account Fee
No fee
Funding Required
No minimum
Account
First Direct 1st Account
Special Offer
£100
For Switching
Funding Required
No monthly minimum
Interest Rate
1.00% AER/Gross on Regular Savings
Account Fee
FREE

SPECIAL OFFER – Get £100  when you switch to a First Direct 1st Account

Account
Starling Bank Mobile App Bank Account
Details
The award-winning current account built to give you more control over your money. Voted Best British Bank 2018-2021*
Spend & Transfer Money Abroad
Account fee
FREE
*Best British Bank and Best Current Account 2018 – 2021 at the British Bank Awards. Awarded 5 stars by Defaqto too
Account
Cashplus Current Account
Adverse Credit
Details
No credit checks - instant online decision. Apply from your mobile and manage your money with the banking app. Add Creditbuilder to your account and it could help build your credit rating at no extra cost
Account
Santander 1|2|3 Current Account
Interest Rate
0.30% AER fixed
on balances up to £20,000
Rewards
Up to 3% cashback on household bills
Funding Required
£500 per month
Account Fee
£4 pm
Account
Investec Online Flexi Saver
Interest Rate
0.71%
Gross/AER
Term
Instant Access
Minimum Deposit
£5,000
Account
Brown Shipley Easy Access Account
Interest Rate
0.61%
Gross/AER
Term
Instant Access
Minimum Deposit
£1,000
Account
Hampshire Trust Bank Online Easy Access Account
Interest Rate
0.50%
Gross/AER
Term
Instant Access
Minimum Deposit
£1
Account
Aldermore Easy Access Account
Interest Rate
0.50%
Gross/AER
Term
Instant Access
Minimum Deposit
£1,000
Account
RCI Bank Freedom Savings Account
Interest Rate
0.40%
Gross/AER
Term
Instant Access
Minimum Deposit
£100
Account
Hampshire Trust Bank 120 Day Notice Account
Interest Rate
0.90%
Gross/AER
Term
120 Day Notice
Minimum Deposit
£1
Account
Hampshire Trust Bank 95 Day Notice Account
Interest Rate
0.85%
Gross/AER
Term
95 Day Notice
Minimum Deposit
£1
Account
Investec Bank 1 Year Fixed Rate Bond
Interest Rate
1.36%
Gross/AER
Term
1 Year
Minimum Deposit
£5,000
Account
Zenith Bank 2 Year Fixed Rate Bond
Interest Rate
1.57%
Gross/AER
Term
2 Years
Minimum Deposit
£1,000
Account
QIB UK Bank 3 Year Fixed Rate Bond
Interest Rate
1.85%
Gross/AER
Term
3 Years
Minimum Deposit
£1,000
Account
IS Bank 4 Year Fixed Rate Bond
Interest Rate
1.50%
Gross/AER
Term
4 Years
Minimum Deposit
£1,000
Account
QIB UK Bank 5 Year Fixed Rate Bond
Interest Rate
2.10%
Gross/AER
Term
5 Years
Minimum Deposit
£1,000
Account
Hampshire Trust Bank 1 Year Cash ISA
Interest Rate
0.85%
Gross/AER
Term
1 Year
Minimum Deposit
£1
Account
Hampshire Trust Bank 2 Year Cash ISA
Interest Rate
1.06%
Gross/AER
Term
2 Years
Minimum Deposit
£1
Account
Hampshire Trust Bank 3 Year Cash ISA
Interest Rate
1.16%
Gross/AER
Term
3 Years
Minimum Deposit
£1
Account
Aldermore Bank 30 Day Notice Cash ISA
Interest Rate
0.55%
Gross/AER
Term
30 Day Notice
Minimum Deposit
£1,000
Account
Aldermore 30 Day Notice Account
Interest Rate
0.55%
Gross/AER
Term
30 Day Notice
Minimum Deposit
£1,000
Account
RCI Bank 95 Day Notice Account
Interest Rate
0.82%
Gross/AER
Term
95 Day Notice
Minimum Deposit
£1,000
Account
Investec Bank 32 Day Notice Account
Interest Rate
0.80%
Gross/AER
Term
32 Day Notice
Minimum Deposit
£1,000
Plan Name

MB UK Growth Deposit Plan

Maximum Potential Return
17.1%
at end of term
Term
6 years
ISA Option

Deposit Taker: Barclays Bank plc

Important Information: This is a structured deposit plan and is capital protected. There is a risk that the company backing the plan or any company associated with the plan may be unable to repay your initial investment and any returns stated. In this event you may be entitled to compensation from the  Financial Services Compensation Scheme (FSCS), depending on your individual circumstances. In addition, you may not get back the full amount of your initial investment if the plan is not held for the full term.

Account
Investec Online Flexi Saver
Interest Rate
0.71%
Gross/AER
Term
Instant Access
Minimum Deposit
£5,000
Account
Brown Shipley Easy Access Account
Interest Rate
0.61%
Gross/AER
Term
Instant Access
Minimum Deposit
£1,000
Account
Hampshire Trust Bank Online Easy Access Account
Interest Rate
0.50%
Gross/AER
Term
Instant Access
Minimum Deposit
£1
Account
Aldermore Easy Access Account
Interest Rate
0.50%
Gross/AER
Term
Instant Access
Minimum Deposit
£1,000
Account
RCI Bank Freedom Savings Account
Interest Rate
0.40%
Gross/AER
Term
Instant Access
Minimum Deposit
£100
Account
Hampshire Trust Bank 120 Day Notice Account
Interest Rate
0.90%
Gross/AER
Term
120 Day Notice
Minimum Deposit
£1
Account
Hampshire Trust Bank 95 Day Notice Account
Interest Rate
0.85%
Gross/AER
Term
95 Day Notice
Minimum Deposit
£1
Account
RCI Bank 95 Day Notice Account
Interest Rate
0.82%
Gross/AER
Term
95 Day Notice
Minimum Deposit
£1,000
Account
Investec Bank 32 Day Notice Account
Interest Rate
0.80%
Gross/AER
Term
32 Day Notice
Minimum Deposit
£1,000
Account
Aldermore 30 Day Notice Account
Interest Rate
0.55%
Gross/AER
Term
30 Day Notice
Minimum Deposit
£1,000
Account
Aldermore 120 Day Notice Account
Interest Rate
0.70%
Gross/AER
Term
120 Day Notice
Minimum Deposit
£1,000
Account
Investec Bank 1 Year Fixed Rate Bond
Interest Rate
1.36%
Gross/AER
Term
1 Year
Minimum Deposit
£5,000
Account
Zenith Bank 2 Year Fixed Rate Bond
Interest Rate
1.57%
Gross/AER
Term
2 Years
Minimum Deposit
£1,000
Account
QIB UK Bank 3 Year Fixed Rate Bond
Interest Rate
1.85%
Gross/AER
Term
3 Years
Minimum Deposit
£1,000
Account
IS Bank 4 Year Fixed Rate Bond
Interest Rate
1.50%
Gross/AER
Term
4 Years
Minimum Deposit
£1,000
Account
QIB UK Bank 5 Year Fixed Rate Bond
Interest Rate
2.10%
Gross/AER
Term
5 Years
Minimum Deposit
£1,000
Account
Hampshire Trust Bank 3 Year Cash ISA
Interest Rate
1.16%
Gross/AER
Term
3 Years
Minimum Deposit
£1
Account
Aldermore Bank 3 Year Cash ISA
Interest Rate
1.10%
Gross/AER
Term
3 Years
Minimum Deposit
£1,000
Account
Hampshire Trust Bank 2 Year Cash ISA
Interest Rate
1.06%
Gross/AER
Term
2 Years
Minimum Deposit
£1
Account
Aldermore Bank 2 Year Cash ISA
Interest Rate
1.05%
Gross/AER
Term
2 Years
Minimum Deposit
£1,000
Account
Hampshire Trust Bank 1 Year Cash ISA
Interest Rate
0.85%
Gross/AER
Term
1 Year
Minimum Deposit
£1
Account
Aldermore Bank 1 Year Cash ISA
Interest Rate
0.85%
Gross/AER
Term
1 Year
Minimum Deposit
£1,000
Account
Aldermore Bank 30 Day Notice Cash ISA
Interest Rate
0.55%
Gross/AER
Term
30 Day Notice
Minimum Deposit
£1,000
Account
Hampshire Trust Bank 120 Day Notice Account
Interest Rate
0.90%
Gross/AER
Term
120 Day Notice
Minimum Deposit
£1
Account
Hampshire Trust Bank 95 Day Notice Account
Interest Rate
0.85%
Gross/AER
Term
95 Day Notice
Minimum Deposit
£1
Account
RCI Bank 95 Day Notice Account
Interest Rate
0.82%
Gross/AER
Term
95 Day Notice
Minimum Deposit
£1,000
Account
Investec Bank 32 Day Notice Account
Interest Rate
0.80%
Gross/AER
Term
32 Day Notice
Minimum Deposit
£1,000
Account
Aldermore 120 Day Notice Account
Interest Rate
0.70%
Gross/AER
Term
120 Day Notice
Minimum Deposit
£1,000
Account
Aldermore 30 Day Notice Account
Interest Rate
0.55%
Gross/AER
Term
30 Day Notice
Minimum Deposit
£1,000
Account
Santander Everyday Current Account
Features
Earn up to 15% cashback with Retailer Offers
Account Fee
No fee
Funding Required
No minimum
Account
Starling Bank Mobile App Bank Account
Details
The award-winning current account built to give you more control over your money. Voted Best British Bank 2018-2021*
Spend & Transfer Money Abroad
Account fee
FREE
*Best British Bank and Best Current Account 2018 – 2021 at the British Bank Awards. Awarded 5 stars by Defaqto too
Account
First Direct 1st Account
Special Offer
£100
For Switching
Funding Required
No monthly minimum
Interest Rate
1.00% AER/Gross on Regular Savings
Account Fee
FREE

SPECIAL OFFER – Get £100  when you switch to a First Direct 1st Account

Account
Cashplus Current Account
Adverse Credit
Details
No credit checks - instant online decision. Apply from your mobile and manage your money with the banking app. Add Creditbuilder to your account and it could help build your credit rating at no extra cost
Account
Santander 1|2|3 Current Account
Interest Rate
0.30% AER fixed
on balances up to £20,000
Rewards
Up to 3% cashback on household bills
Funding Required
£500 per month
Account Fee
£4 pm
Account
Santander 1|2|3 Lite Current Account
Details
Up to 3% cashback on selected household bills
and up to 15% cashback with Retailer Offers
Funding Required
£500 per month
Account fee
£2 per month
Account
Santander 1|2|3 Mini Current Account
Interest Rate
3% AER
2.96% gross
Interest Earned Between
£1,500 to 2,000
Minimum Deposit
No minimum
Account
Currensea Mobile App Bank Account
Details
Spend in confidence, whilst saving money on your overseas purchases
Spend & Transfer Money Abroad
Account fee
FREE
Account
Monese Multi-Currency Mobile App Bank Account
Details
Multi-currency banking app that provides you with fast and free current accounts in 31 countries
Spend & Transfer Money Abroad for Free
Account fee
£0 to £14.95 per month
Account
Revolut Mobile App Bank Account
Details
Modern banking: set up and manage current account directly from your phone
Spend & Transfer Money Abroad
Account fee
£0 to £12.99 per month
Plan Name

MB UK Growth Deposit Plan

Maximum Potential Return
17.1%
at end of term
Term
6 years
ISA Option

Deposit Taker: Barclays Bank plc

Important Information: This is a structured deposit plan and is capital protected. There is a risk that the company backing the plan or any company associated with the plan may be unable to repay your initial investment and any returns stated. In this event you may be entitled to compensation from the  Financial Services Compensation Scheme (FSCS), depending on your individual circumstances. In addition, you may not get back the full amount of your initial investment if the plan is not held for the full term.

Plan Name

MB UK Kick Out Deposit Plan

Maximum Potential Return
2%
per annum
Term
Up to 6 years
ISA Option

Deposit Taker: Barclays Bank plc

Important Information: This is a structured deposit plan and is capital protected. There is a risk that the company backing the plan or any company associated with the plan may be unable to repay your initial investment and any returns stated. In this event you may be entitled to compensation from the  Financial Services Compensation Scheme (FSCS), depending on your individual circumstances. In addition, you may not get back the full amount of your initial investment if the plan is not held for the full term.

Account
Hampshire Trust Bank 2 Year Business Fixed Rate Bond
Interest Rate
1.20%
Gross/AER
Term
2 Years
Minimum Deposit
£5,000
Account
Shawbrook Bank 2 Year Fixed Rate Business Savings Bond
Interest Rate
1.10%
Gross/AER
Term
2 Years
Minimum Deposit
£5,000
Account
Hampshire Trust Bank 1 Year Business Fixed Rate Bond
Interest Rate
1.11%
Gross/AER
Term
1 Year
Minimum Deposit
£5,000
Account
Shawbrook Bank 1 Year Fixed Rate Business Savings Bond
Interest Rate
1.00%
Gross/AER
Term
1 Year
Minimum Deposit
£5,000
Account
Aldermore Bank 1 Year Business Fixed Rate Bond
Interest Rate
1.00%
Gross/AER
Term
1 Year
Minimum Deposit
£1,000
Account
Hampshire Trust Bank 120 Day Business Notice Account
Interest Rate
0.85%
Gross/AER
Term
120 Day Notice
Minimum Deposit
£5,000
Account
Hampshire Trust Bank 95 Day Business Notice Account
Interest Rate
0.75%
Gross/AER
Term
95 Day Notice
Minimum Deposit
£5,000
Account
Investec Online Business Savings Account – 32 Day Notice
Interest Rate
0.75%
Gross/AER
Term
32 Day Notice
Minimum Deposit
£40,000
Account
Shawbrook Bank Easy Access Business Account
Interest Rate
0.50%
Gross/AER
Term
Easy Access
Minimum Deposit
£1,000
Account
Aldermore Bank 6 Month Business Fixed Rate Bond
Interest Rate
0.60%
Gross/AER
Term
6 Months
Minimum Deposit
£1,000
Account
Starling Bank Business Current Account
Details
Zero monthly fees with a fast and straightforward setup, the digital bank account built for contractors, freelancers and small businesses
Debit Card
Monthly Account Fee
FREE

Add the Business Toolkit to your free account and automate bookkeeping alongside your banking to save precious time on financial admin – Get the first month free (£7 per month after that)

Account
Go Solo Business Bank Account
Details
Open a business bank account with a debit card and start trading. Additional option to register a new UK limited company
Debit Card
Monthly Account Fee
FREE to Start

Account
Tide Business Current Account
Details
Powerful and simple business account - built to make your life easier. For companies of all shapes and sizes. Trusted by 130,000+ UK businesses
Debit Card
Monthly Account Fee
FREE

Get £50! Open a business current account with Tide & Fair Investment*

*£50 and a year of free transfers when you open a business account. T&Cs apply. Use the code: FAIRINVESTMENT
Account
Cashplus Business Account
Details
The Current Account of Today. No credit checks to apply. Instant approval once we verify your details. Real time banking services at a click or tap
Debit Card
Monthly Account Fee
No Monthly Fee
Account
Card One Business Account
Details
Account designed specifically for small businesses. No credit checks to apply. Free mobile app. Earn cash back up to 3.5%
Debit Card
Monthly Account Fee
£12.50
Account
Anna Business Current Account
Details
ANNA Money is the business current account for startups, small businesses and sole traders
Debit Card
Monthly Account Fee
FREE for 6 months*
Account
Currensea Business Current Account
Details
Currensea is a new way to globalise existing business bank accounts. Pay in every currency without the fees
Debit Card
Monthly Account Fee
FREE
Type of Card
FairFX Pre-Paid Business MasterCard
No Credit Check to Open
Details

Issue FairFX MasterCards to staff, and use the online platform to instantly load cards, monitor spending, and upload transaction data in accounting software at any time

Available to
Any registered business in the EU including Sole traders, SMEs, Charities, Trusts, PLCs, & Multinationals

FairFX Pre-Paid Business MasterCard

Account
Shawbrook Bank 100 Day Business Notice Account
Interest Rate
0.75%
Gross/AER
Term
100 Day Notice
Minimum Deposit
£5,000
Account
Shawbrook Bank 45 Day Business Notice Account
Interest Rate
0.55%
Gross/AER
Term
45 Day Notice
Minimum Deposit
£5,000

Compare Co-op Savings Accounts

With Co-operative Bank savings accounts, you know you are investing your money ethically because the Co-op is an ethical bank. We don’t currently have any Co-operative savings accounts, but see below for leading savings deals from other providers and apply online:

Like the Co-operative Bank savings accounts, our range of savings accounts come in all shapes and sizes to suit a variety of savings needs, including fixed rate bonds.



So, whatever you are saving for there will be something in our savings accounts table to suit you. The choice includes:

  • Instant access savings accounts – For those who may need cash quickly
  • Fixed rate savings accounts – For peace of mind and security
  • Online savings accounts – Makes managing your money more convenient

Before making a decision about Co-operative Bank savings accounts, make sure you compare interest rates on a number of other deals. Our best buy savings tables show our top savings rates, just click on the links to apply online.

Santander 123 Current Account

Earn 0.30% AER Fixed Interest for up to £20,000

  • 0.30% AER (variable) payable on your entire balance up to £20,000
  • Up to 3% cashback on household bills
  • Must pay a minimum of £500 into the account each month
  • Monthly fee of £4
  • Mobile app
Our view: With this current account you get 0.30% AER on the first £20,000 of your cash. To qualify you will need to pay in £500 pm (Equates to a £6,000 pa salary) . Additionally you can gain up to 3% cashback on household bills – 1% on water, council tax bills and Santander mortgage payments, 2% on gas and electricity bills, and 3% on mobile phone, home phone, broadband and paid-for TV packages.  The account has full savings FSCS protection. Santander 123 Account »
MB UK Growth Deposit Plan

17.1% - Maximum Potential Return

  • 6 Year Term
  • Capital Protected
  • Alternative To Medium/Long Term Fixed Rate Bonds
More Details »
When trying to save money for the future, there are several options open to cash savers. Options include instant access savings accounts, easy access savings accounts, notice savings accounts, fixed rate bonds and structured deposit plans.

With interest rates at the time of writing at all time lows many savers are looking for a range of best saving plans. For savers who are prepared to tie up capital for a year or more typically higher rates of interest are available from savings providers.

A fixed rate bond is a way of gaining a fixed rate of higher interest on your savings for a fixed period of time, typically between one and five years. Generally speaking the longer your savings can be locked away, the higher the interest rate you can get on your money. Some providers offer fixed rate bonds within a Cash ISA so you benefit from tax free interest returns.

Providers normally have a minimum subscription age of 18 but some providers offer options to younger savers.

Normally there is a minimum commitment for depositing money into a fixed rate bond – usually around £1,000, but this can be more. This makes bonds unsuitable for those who wish to top up a savings account in small increments, as this is not usually possible beyond the first lump sum, therefore could look into alternative savings and investments plans.

Having a fixed term means that bonds have a maturity date at which time you will be contacted by your savings provider and provided with options on how you wish your money to be returned to you – you may be given options of putting the money into a new account in which case you should always shop around before accepting a savings deal offered by an existing provider as the rate of interest may or may not be competitive.

Product providers do not normally allow you to access your money during the term and if they do there are normally conditions which may involve a loss of interest so ensure you read the small print before you sign up. Some fixed interest providers will allow one withdrawal a year without penalties.

Interest paid on your savings is treated as income and you may have to pay tax on it depending on your circumstances. If you don’t pay tax you can receive interest gross if you complete HMRC tax form R85. Some accounts will pay interest gross and it is up to you to declare any tax owed to the Inland Revenue.

Fixed rate bonds are cash deposit based and you will get back your original deposit plus any interest owed unless the bank or building society gets into serious financial difficulty. In the unlikely event that this happens the Financial Services Compensation Scheme would pay compensation of up to £85,000 per account holder per authorised institution.

The length of time that savers choose to deposit their money depends on personal financial time frames and other budget and savings considerations. If you need rapid access to your cash, bonds are possibly not the best savings option – it might be preferable to look at an alternative savings options or just an instant access savings accounts.

Minimum deposits can vary from £500 to over £2000. Make sure that you are happy to part with that amount of money for a longer period of time! It is worthwhile having a five-year plan of projected expenses – such as mortgages, car purchases, or planning for a family or retirement – to ensure that you will not need access to your fixed rate bonds account.

Withdrawals are either not permitted or restrictions will apply. Read the provider terms and conditions so that you know what you are getting into. Some providers for example will allow one withdrawal during the term without penalties.

The payment of interest can also vary- some offer monthly interest, others quarterly or annually, and some only pay at the end of the agreed term. Choose a product that fits in with your requirements for the best rates of high interest.

Tax is payable on interest accrued unless you are a non tax payer in which case you can receive interest gross if you complete HMRC tax form R85. Alternatively it is often possible to take a Cash ISA fixed rate bond (current cash ISA allowance for 2018/19 is £20,000 per individual) from which interest can be taken tax free.

If you have cash ISAs from previous tax years you may be able to transfer to a new Cash ISA provider offering a fixed rate bond cash ISA deal.

Please note that this information is based on current law and practice which may change at any time.

1. Consider all options – from instant access to fixed rate bonds to instant access options – All have advantages and disadvantages when trying to build a nest egg for the future.

2. Check the market – shop around to find the right savings plan for you. Interest rates are changing all the time and deals come and go on a regular basis.

3. Make sure you find a product that works for you –  The choice of bond is dependent on the amount of money you intend to deposit, the fixed rate, and the length of the fixed rate period. Whether you want the account to be operated on an online account basis, postal basis or telephone basis. These should all be taken into consideration before making your choice. Read the savings provider terms and conditions carefully.

4. Read the fine print – determine when the provider is likely to let you access your money, how much notice is required, and if there are any penalties for requesting access before the bond matures.

5. Some deals require you to have the interest paid into a current account – check the small print.

6. Check the small print on how interest is paid –  If monthly or annually this will be need to be declared if you submit a tax return. If interest is paid on maturity this may be useful for tax planning purposes.

7. Many deals require you to have internet access –  Some are offered on a postal or branch basis – check the small print.

8. Check that your money is covered by the Financial Services Compensation Scheme – they will guarantee £75,000 of savings against institutional failure. Most UK banks should have this cover, but Irish banks that do not have a UK arm may not be covered by the FSCS.

9. Check what happens when your savings product matures – Providers will write to you when your account matures; if you do not respond the provider will often put your savings into a low or no interest holding account until you provide instructions on what you want to do with the money. It is therefore important to diarise the maturity of your bond and have in mind what you want to do with the money.

10. What is the tax treatment if you are a non taxpayer – If you are not a tax payer many providers will pay interest gross on submission of the relevant HMRC tax form.