Cash ISA: Instant Access and Fixed Rate ISAs

We’re reducing some of our savings interest rates

Following the recent Bank of England base rate change, there will be a reduction to some of our interest rates with effect from 24th June 2020.

If you’re applying for an account please see the Summary Box for current and new interest rates. If you are an existing savings customer you can see the current and new interest rates here:

Interest rates for our current savings products

Bank of England Base Rate change

On 11th March 2020, the Bank of England Base Rate decreased from 0.75% to 0.25%.

On 19th March 2020, the Bank of England Base Rate decreased from 0.25% to 0.10%.

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 30/06/2021	Fixed Rate Cash ISA fixed until 30/06/2022
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 23/06/2020 - 0.50% New rates from 24/06/2020 - 0.15%	0.45%	0.50%
Tax-free / AER for non-smile current account customers	Current rates up to 23/06/2020 - 0.25% New rates from 24/06/2020 - 0.09%	0.45%	0.50%
Interest paid	Annually on 5 April	Annually on 30 June	Annually on 30 June
	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 23/06/2020 - 0.50% New rates from 24/06/2020 - 0.15%
Tax-free / AER for non-smile current account customers	Current rates up to 23/06/2020 - 0.25% New rates from 24/06/2020 - 0.09%
Interest paid	Annually on 5 April
Learn more

Fixed Rate Cash ISA fixed until 30/06/2021
Minimum opening balance	£5,000
Type of interest	Fixed
Tax-free / AER for smile current account customers	0.45%
Tax-free / AER for non-smile current account customers	0.45%
Interest paid	Annually on 30 June
Learn more

Fixed Rate Cash ISA fixed until 30/06/2022
Minimum opening balance	£5,000
Type of interest	Fixed
Tax-free / AER for smile current account customers	0.50%
Tax-free / AER for non-smile current account customers	0.50%
Interest paid	Annually on 30 June
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.