What interest rate does the The Co-operative Bank Select Access Saver 5 pay?

The The Co-operative Bank Select Access Saver 5 pays 3.28% AER variable.

How much interest could I earn?

Saving £10,000 for 1 year would earn about £328 at 3.28% AER. This assumes the rate stays the same and interest stays in the account.

How much can I pay in?

You can deposit at least £1 and up to £1,000,000.

Who can open this account?

New and existing The Co-operative Bank customers can open it. You can open it online or in the app.

Is my money protected?

Yes. Eligible deposits are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per person, per banking licence.

How does it compare with other easy access accounts?

At 3.28% AER it ranks 74th of 152 easy access accounts we track. The best pays 5.00% and the average is 2.83%.

The Co-operative Bank Select Access Saver 5 Review: 3.28% AER (Oct 2026)

Protection

FSCS£120,000

Min balance

£1

Max balance

£1,000,000

Access

Limited access

Interest paid

Annually

Rate Tiers

Up to 2 withdrawals/year

3.28%AER

Higher rate applies for the calendar year

3+ withdrawals/year

1.00%AER

Lower rate applies from 3rd withdrawal for remainder of calendar year

How It Stacks Up

Ranks 74th of 152

Easy access accounts we track

Above average

This account 3.28%

UK CPI (Aug 2026): 3.10%; Pays 0.18% more
Average easy access: 2.83%; Pays 0.45% more
Best easy access: 5.00%; Pays 1.72% less

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

A better-paying alternative

Tembo

HomeSaver

4.55%

AER

Pays 1.27% more than this The Co-operative Bank account

Compare Easy Access Accounts

We may earn a commission if you open this account.

Pros and cons

Pro: New and existing savers
Con: The rate is variable, so it can go down

Good to Know

Open to UK residents aged 16 or over; minimum opening deposit of £1 (paid within 30 days); maximum balance £1,000,000. Only one Select Access Saver 5 permitted at a time; cannot reopen in the same calendar year after closing. Existing customers apply via mobile app or online banking.

Please verify all details with the provider – see our Disclaimer

See all The Co-operative Bank accounts

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

What you could earn with The Co-operative Bank's Select Access Saver 5.

Estimated interest

£1,000 saved

£32.80

At 3.28% AER

£5,000 saved

£164

At 3.28% AER

£10,000 saved

£328

At 3.28% AER

£1,000,000 saved

£32,800

At 3.28% 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.

The Co-operative Bank Select Access Saver 5 Review

Rate Tiers

How It Stacks Up

Pros and cons

Good to Know

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

Our Expert Opinion on The Co-operative Bank Select Access Saver 5

2 alternatives to The Co-operative Bank's Select Access Saver 53 alternatives to The Co-operative Bank's Select Access Saver 5

Common questions about the Select Access Saver 5

Easy Access rate just dropped

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The Co-operative Bank Select Access Saver 5 Review

Rate Tiers

How It Stacks Up

Pros and cons

Good to Know

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

Our Expert Opinion on The Co-operative Bank Select Access Saver 5

2 alternatives to The Co-operative Bank's Select Access Saver 53 alternatives to The Co-operative Bank's Select Access Saver 5

Common questions about the Select Access Saver 5

What interest rate does the The Co-operative Bank Select Access Saver 5 pay?

How much interest could I earn?

How much can I pay in?

Can I withdraw my money?

When is interest paid?

Who can open this account?

Is my money protected?

How does it compare with other easy access accounts?

Easy Access rate just dropped

Be the first to know when this The Co-operative Bank rate drops.