Juno's on the scent…

Base Rate Tracker

Easy access · Checked by hand 3 November 2026

1.25%

AER

Not above inflation: CPI 3.5%, September 2026

What you'd earn

If you put in (£)

You'd earn about £250.00 in 1 year, before any tax.

Worked out from the AER. Variable rates can change.

The conditions in plain English

Access: Instant access.
Minimum: £1
Maximum: £1,000,000
Interest paid: Once a year
Manage by: Online, Mobile app, Phone, Branch
Who can apply: Variable rate that tracks Bank of England base rate; tiered on your whole balance: 1.00% from £1, 1.25% from £10,000, 1.50% from £25,000, 2.00% from £50,000, 2.50% from £75,000, 3.25% from £100,000. The Co-operative Bank plans to transfer its business to Coventry Building Society on 1 January 2027, subject to court approval; money with the Co-op, smile and Coventry would then share one £120,000 FSCS limit. UK resident aged 16 or over.
Where we read it: The Co-operative Bank's own page, 3 November 2026. We read this rate from the bank's own page by hand and recheck it at least weekly

Full details

Juno hasn't read a Summary Box for this account yet. The Co-operative Bank's own page has the full terms and conditions.

Who holds your money

Deposit-taker: The Co-operative Bank, a trading name of The Co-operative Bank p.l.c.
Incorporated in: United Kingdom
Regulated: Yes, by the Prudential Regulation Authority and Financial Conduct Authority (FRN 121885)
Protection and disputes: Financial Services Compensation Scheme and Financial Ombudsman Service
Capital: Paid-up capital and reserves of £1,270m at 31 December 2024 (latest published accounts).

FSCS protection

Up to £120,000 per person is protected across everything you hold with The Co-operative Bank p.l.c..

Shared licence: smile also uses this licence, so money there counts towards the same £120,000.

Check your total protection

Rate history

Juno started tracking this rate on 2026-11-03. A history builds up from here.

Go to The Co-operative Bank to apply

You'll apply on The Co-operative Bank's own website. The Co-operative Bank may pay us if you open this account; that doesn't affect its position in our results.