This comparison simply includes all savings accounts.
Cooperative Bank Savings Accounts
Why we like it: Interest paid annually. Unlimited deposits and withdrawals. Open and manage online. FSCS Protected. Must be UK resident and be aged 18 or older
Why we like it: Easy access savings account that tracks the Bank of England base rate. Wave goodbye to the constant cycle of account hopping and forget waiting for banks to pass on higher interest rates. Interest rate moves with the Bank of England base rate, guaranteeing a fixed margin of up to 0.5% below, and adjusts the very next day. Easy access to your money with once a month withdrawals, without notice and without fees. Earn daily interest on your money, and experience the power of compounding to make your savings work harder. Maximum deposit £250,000. Wombat has partnered with GB Bank to bring you the Base Rate Tracker. GB Bank is an award-winning, fully authorised and regulated UK bank. FSCS eligible on your deposits. Must be UK resident. Must be aged 18 or older
Why we like it: A new savings account from Chip built to move with the Bank of England and reward you faster than the banks. Interest paid monthly. Deposit and withdraw almost instantly. No fees or charges for holding account. FSCS eligible on your deposits. Must be UK resident. Must be aged 18 or older.
Why we like it: Tiered interest: £1 to £10,000 – 4.80% Gross/AER, £10,001 to £50,000 – 4.80% Gross/AER, £50,001 to £500,000 – 4.80% Gross/AER. Unlimited payments and withdrawals. Interest paid annually. Open in a single or a joint name. Maximum deposit £500,000. Open and manage account online. FSCS Protected. Must be UK resident. Must be aged 16 or older
Why we like it: Which? Recommended Savings Provider. 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: Choose monthly or annual interest payments. Unlimited deposits and withdrawals. 24/7 access to your savings. Open and manage online. After 12 months the rate will revert to the underlying rate, currently 1.55% gross/AER variable. Post Office Online Saver is provided by Bank of Ireland UK. Must be UK resident. Must be aged 18 or older. FSCS protected
Why we like it: Instant access to your savings. Unlimited deposits and withdrawals. Interest paid monthly, either to a linked current account, or adding it to your Online Flexi Saver account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Must be aged 18 or older and have a UK address. Must have a linked UK current account. Your eligible deposits with Investec Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)
Why we like it: All funds deposited into the RCI Bank E-Volve Savings 14 Day Notice Account will be used to fund pure electric vehicles and charging facilities. Interest paid monthly or annually. Manage account online. UK-based support, seven days a week. Which? Recommended Savings Provider. Unlimited withdrawals subject to 14 days notice. Must be UK resident. Must be aged 18 or older. 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: Interest paid on maturity. Automatic repayment to your linked account. Maximum deposit £250,000. FSCS Protected. Must have a UK residential address and be aged 18 or older. No withdrawals permitted
Why we like it: Minimum deposit £1,000 - No withdrawals permitted - FSCS Protected
Why we like it: Which? Recommended Savings Provider. Save from £1,000 to £250,000. No withdrawals before the end of the term. 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: Minimum deposit £1,000 - No withdrawals permitted - FSCS Protected
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.
