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fixed rate bonds

fixed term deposit promotional imagewant to get a better rate by locking your money away for a while?

  • 1, 2 and 3 year terms available
  • save £1,000 to £1,000,000
  • choose annual or monthly interest
  • it is not possible to add to or withdraw from this account during the term of the product
  • offer may be withdrawn at any time

cash ISAs

want to save tax-free?

  • we have a range of accounts for you to choose from
  • save up to £15,000 tax free in a cash ISA in the 2014/2015 tax year
  • you can also transfer any existing cash ISAs to us
  • to open a cash ISA you must be aged 18 or over and resident for tax purposes in the UK

no-notice savings

instant access imagethe easy to use instant access account

  • variable rate of 0.25% gross*/AER* if you're a smile current account holder
  • you can kick off savings with just £1
  • you can withdraw your cash whenever you want - to make it easier we even give you a cash card to use in over 61,000 LINK machines.

10% tax rate on savings incomes

If you are over 65 and still need to pay tax on your income, you may be paying too much. You may be eligible for a special 10% tax rate on your savings income. If you would like further information please go to the HM Revenue & Customs website.

Important: We cannot give advice about tax issues, please contact your local Tax Office with any queries.


AER - AER Stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

Gross - The gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax).

Net - The net rate of interest is the interest payable after any income tax is deducted (if you do pay tax).

Tax free - Tax-free is the contractual rate of interest payable where interest is exempt from income tax.

The tax information provided is based on our current understanding of current law and HM Revenue & Customs practice which can change. Tax treatment depends on an individual’s personal circumstances.

The Co-operative Bank p.l.c., P.O. Box 101, 1 Balloon Street, Manchester, M60 4EP.  Registered in England and Wales No. 990937. smile is a trading name of The  Co-operative Bank  which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (No.121885) and holds an Interim Permission in respect of consumer credit activities and subscribes to the Lending Code and the Financial Ombudsman Service.