The Co-operative Bank Base Rate Tracker – current account holders Review

An easy access account from The Co-operative Bank. It ranks 129th of 152 easy access accounts we track.

Rate checked Oct 2026Got this account? Leave a review

Variable rate

1.25%AER

Up to 3.50% on some tiers

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£1

Max balance

£1,000,000

Access

Instant

Interest paid

Annually (5 April)

Rate Tiers

£1+

1.25%AER

gross/AER, tracks Bank of England base rate

£10,000+

1.50%AER

gross/AER, tracks Bank of England base rate

£25,000+

1.75%AER

gross/AER, tracks Bank of England base rate

£50,000+

2.25%AER

gross/AER, tracks Bank of England base rate

£75,000+

2.75%AER

gross/AER, tracks Bank of England base rate

£100,000+

3.50%AER

gross/AER, tracks Bank of England base rate

How It Stacks Up

Ranks 129th of 152

Easy access accounts we track

Well below average

This account 1.25%

UK CPI (Aug 2026): 3.10%; Pays 1.85% less
Average easy access: 2.83%; Pays 1.58% less
Best easy access: 5.00%; Pays 3.75% less

Inflation: ONS. Averages and best rates: accounts on DepositScout.

A better-paying alternative

Tembo

HomeSaver

4.55%

AER

Pays 3.30% more than this The Co-operative Bank account
Instant access, open with £10

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Pros and cons

Pro: Savers who want instant access
Con: The rate is variable, so it can go down

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Estimated returns with The Co-operative Bank's Easy Access

What you could earn with The Co-operative Bank's Base Rate Tracker – current account holders.

Estimated interest

£1,000 saved

£12.50

At 1.25% AER

£5,000 saved

£62.50

At 1.25% AER

£10,000 saved

£125

At 1.25% AER

£1,000,000 saved

£12,500

At 1.25% AER

Estimated over one year, if the rate stays the same and interest is left in. Amounts outside the account's minimum or maximum aren't shown.

Work out the tax on your interestSee how much of this interest could be taxed.

Our Expert Opinion on The Co-operative Bank Base Rate Tracker – current account holders

Jan WatermannCo-Founder, DepositScout

This account is for existing Co-operative Bank current account holders who want a tracker savings rate that moves with the Bank of England base rate, which has some appeal if you expect rates to rise. The headline rate of 1.25% is well below the easy access market average, sitting 3.75% behind the category leader at 5.00%, and at 1.85% below CPI inflation of 3.1% your money is losing real value. The tiered structure does help larger balances, reaching 3.50% at £100,000 or more, but most savers would be better served looking at something like the Tandem Bank Instant Access Saver at 3.40%.

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2 alternatives to The Co-operative Bank's Base Rate Tracker – current account holders3 alternatives to The Co-operative Bank's Base Rate Tracker – current account holders

Same type of account, closest on rate.

Common questions about the Base Rate Tracker – current account holders

D

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Easy Access rate just dropped

A top provider just cut their rate. Here's what you need to know about the latest market shift.

Nationwide FlexSaver Rate Down

4.20% AER

4.75%

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