This comparison simply includes all savings accounts.
Cooperative Bank Savings Accounts
Why we like it: No notice period. Deposit from £100. Interest paid monthly or annually. Apply in minutes. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)
Why we like it: Earn 1.00% gross/AER on balances from £1,000 to £1 million. Unlimited withdrawals without restriction or loss of interest.
Why we like it: Unlimited withdrawals subject to 30 days notice.
Why we like it: Minimum deposit £500. Transfer in ISAs held elsewhere - no limit. Eligible deposits covered by UK FSCS.
Why we like it: Interest paid at annually. Minimum deposit £1,000, maximum £2,000,000. No withdrawals permitted. FSCS Protected
Why we like it: Interest paid at annually. Minimum deposit £1,000, maximum £2,000,000. No withdrawals permitted. FSCS Protected
Why we like it: Interest paid at annually. Minimum deposit £1,000, maximum £2,000,000. No withdrawals permitted. FSCS Protected
Why we like it: Minimum deposit £1,000 - No withdrawals permitted - FSCS Protected
Why we like it: Minimum deposit £1,000 - No withdrawals permitted - FSCS Protected
Why we like it: Why we like it: Up to £250 cashback for new investors.1, 3 or 5 year fixed term. Invest from £100 up to £20,000 this tax year (2018/19) and/or transfer in from an existing Cash ISA, Stocks & Shares ISA or IFISA. Secured by UK property. No platform or investment fees. Interest paid annually. Returns are not guaranteed and your actual returns may vary. Capital is at risk
Disclaimer: When making a peer to business loan, your capital lent to a borrower is not covered in the event of loss by the FSCS
Why we like it: Why we like it: Up to £250 cashback for new investors.1, 3 or 5 year fixed term. Invest from £100 up to £20,000 this tax year (2018/19) and/or transfer in from an existing Cash ISA, Stocks & Shares ISA or IFISA. Secured by UK property. No platform or investment fees. Interest paid annually. Returns are not guaranteed and your actual returns may vary. Capital is at risk
Disclaimer: When making a peer to business loan, your capital lent to a borrower is not covered in the event of loss by the FSCS
Why we like it: Why we like it: Up to £250 cashback for new investors.1, 3 or 5 year fixed term. Invest from £100 up to £20,000 this tax year (2018/19) and/or transfer in from an existing Cash ISA, Stocks & Shares ISA or IFISA. Secured by UK property. No platform or investment fees. Interest paid annually. Returns are not guaranteed and your actual returns may vary. Capital is at risk
Disclaimer: When making a peer to business loan, your capital lent to a borrower is not covered in the event of loss by the FSCS
Compare Co-operative Bank savings accounts
The Co-operative Bank markets itself as an “ethical bank”, which can make it an attractive option for savers with a strong social conscience. They have a range of savings options which are worth considering to see if they make a good match for your saving goals. Make sure you are familiar with all of the options the Co-operative Bank offers before making a decision.
Current Accounts
Current accounts often pay very good interest rates, so it is worth keeping as much of your savings in your current account as you can, up to the account limit.
Although you can usually let your account balance go over the limit, you will generally earn no interest on the excess. This means you will be better moving it to an account designed specifically for savings.
Instant Access Savings Accounts
If you are keen to have an account that offers you flexibility, an instant access savings account could be just the thing. You will normally be able to put money in and take it out straightaway, whenever you want to, although there may be a yearly limit on how often you can do this.
Many instant access accounts now offer online and telephone access for making transfers, and you may also be offered a cash card allowing you to take money out at ATMs.
Fixed Rate Bonds
Savers who have a lump sum, which they don't immediately need, could see a good return by investing in one or more fixed rate bonds. These pay guaranteed rates of interest over a set period in exchange for not being able to access your money during that period. The longer you are willing to lock your money away, the better rate of interest you will normally receive.
Cash ISAs
If you are UK taxpayer, putting some of your savings into a cash ISA is likely to be beneficial. This allows you to earn interest without paying tax on it for deposits up to a yearly allowance set by the government. For the 2017/18 tax year that amount is £20,000.
You will usually be offered one of two key types of cash ISA – instant access or fixed term. These work much like instant access savings accounts and fixed rate bonds, respectively, but with the extra bonus of not paying tax on your interest.
Cash ISAs normally offer slightly lower interest rates than some other forms of saving, so make sure to weigh up the savings you will make in tax against the extra interest you could earn with alternative options.
Find the best Co-operative Bank savings account for you
Getting the best deal on your savings means being prepared to shop around. Our savings account comparison tool makes this easy for you by showing you all the best deals we can find from across the industry in one place. Check out the table at the top of the page to see the best deals on savings account available right now.
