Cash ISA: Instant Access and Fixed Rate ISAs

We’re reducing some of our savings interest rates

We have made the difficult decision to reduce interest rates for some of our savings accounts with effect from 5 May 2021. If you’re applying for an account, please see the Summary Box for the current and new interest rates or:

Find out more about how this may affect you

ISAs

We have two kinds of cash ISA. Fixed Rate Cash ISAs give you a fixed interest rate for a set time, but you have restricted access to them. Cash ISAs have a variable rate of interest, but are instant access (and stay open for as long as you like).

You can earn tax-free interest on this savings account.
Take advantage of your ISA allowance.

What’s an ISA allowance?

Compare ISAs

	smile Cash ISA	Fixed Rate Cash ISA fixed until 05/04/2022	Fixed Rate Cash ISA fixed until 05/04/2023
Minimum opening balance	£1	£5,000	£5,000
Type of interest	Variable	Fixed	Fixed
Tax-free / AER for smile current account customers	Current rates up to 04/05/2021 - 0.15% New rates from 05/05/2021 - 0.09%	0.14%	0.18%
Tax-free / AER for non-smile current account customers	Current rates up to 04/05/2021 - 0.09% New rates from 05/05/2021 - 0.03%	0.14%	0.18%
Interest paid	Annually on 5 April	Annually on 5 April	Annually on 5 April
	Learn more	Learn more	Learn more

smile Cash ISA
Minimum opening balance	£1
Type of interest	Variable
Tax-free / AER for smile current account customers	Current rates up to 04/05/2021 - 0.15% New rates from 05/05/2021 - 0.09%
Tax-free / AER for non-smile current account customers	Current rates up to 04/05/2021 - 0.09% New rates from 05/05/2021 - 0.03%
Interest paid	Annually on 5 April
Learn more

Fixed Rate Cash ISA fixed until 05/04/2022
Minimum opening balance	£5,000
Type of interest	Fixed
Tax-free / AER for smile current account customers	0.14%
Tax-free / AER for non-smile current account customers	0.14%
Interest paid	Annually on 5 April
Learn more

Fixed Rate Cash ISA fixed until 05/04/2023
Minimum opening balance	£5,000
Type of interest	Fixed
Tax-free / AER for smile current account customers	0.18%
Tax-free / AER for non-smile current account customers	0.18%
Interest paid	Annually on 31 January
Learn more

We’re part of The Co‑operative Bank, and we share the same ethical values too.

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

The Co‑operative Bank reserves the right to decline any application.

References to tax are based on our understanding of current tax regulations - these may change and depend on the customer’s individual financial circumstances.

You can subscribe to a smile/Co‑operative Bank/Britannia Cash ISA if you have not subscribed to another cash ISA with another provider in the current tax year.