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Business savings accounts

A business savings accounts can help you with:

  • Putting money aside for business expenses and to pay taxes

  • Earning interest on your balance to put towards whatever you need

  • Separating your savings from day-to-day funds

  • All our savings accounts are protected by the FSCS up to £85,000

View business savings accounts
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Our business savings accounts

Please note: You must have a Co-operative Bank business bank account before applying for a savings account.

  • All our savings accounts are protected by the FSCS up to £85,000

Business Select Instant Access

For those wanting easy, fast access to their savings

  • Interest rate 1.34% gross / 1.34% AER variable calculated daily and paid twice a year

  • Instant access online, by phone or in branch

View Instant Access account

95 Day Notice Account

For those that do not need to withdraw often

  • Interest rate 2.21% gross / 2.23% AER variable calculated daily and paid twice a year

  • Withdrawals made via telephone banking to your current account

View 95 Day Notice account

35 day notice account

For those who can give 35 days notice to withdraw money

  • Interest rate 1.84% gross / 1.85% AER variable calculated daily and paid twice a year

  • Withdrawals made via telephone banking to your current account

View 35 Day Notice account

Savings terms explained

AER stands for Annual Equivalent Rate. It 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.

Gross is the rate of interest payable before any tax is taken off.

Variable interest means that it could go up or down.

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.

The Co-operative Bank and smile are trading names of The Co-operative Bank plc, which is a member of the Financial Services Compensation Scheme (FSCS).

Find out more about Financial Services Compensation Scheme | This will open in a new tab

Financial Services Compensation Scheme

Your eligible deposits held by a UK establishment of The Co-operative Bank p.l.c. 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.