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US citizens in the UK · Institutions

Which The Co-operative Bank accounts accept US citizens

Last checked

The Co-operative Bank has been checked for US citizens across 4 account types. All 4 are open to a US person (1 with strings).

If you already have an account with The Co-operative Bank, a second one there is usually the easier application, because The Co-operative Bank has already checked who you are. Each account below carries its verdict, the evidence behind it and the date it was checked.

At a glance

Account Verdict Last checked
Current accounts Opens
Savings accounts Opens
Cash ISAs Opens
Mortgages With strings

Current accounts

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Opens

The Co-operative Bank asks about age, UK residency and credit history, with no tax-residency test and no US exclusion. It runs a separate tax-residence self-certification form that defines US-citizen status, which is a reporting process rather than an account bar.

FSCS £120,000 · app, online, phone or Post Office

Account Terms The catch
Current Account
Monthly fee
Free
Interest
None
Abroad
No conversion fee on debit card payments made in the local currency
 —
Everyday Extra
Monthly fee
£12 a month
Interest
None
Abroad
No conversion fee on debit card payments made in the local currency
 You must be 18 to 79 to open it, and the insurance benefits carry their own conditions.

Source: The Co-operative Bank accounts, 2026-08-17 Last checked The Co-operative Bank's own page

Savings accounts

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Opens

The Co-operative Bank asks only that you are 16 or over and a UK resident for most savings accounts, with no tax-residency condition attached; a few accounts are exclusive to its current account holders. The US taxes the interest as ordinary income.

FSCS £120,000 · online, app or branch

Account Terms The catch
Regular Saver Issue 1
Access
Regular saver
Rate
7.00% AER, variable
Term
1 year
Min
£1
Max
£3,000 over 12 months
Rate as of
 Needs a Co-operative Bank current account, and deposits stop at £250 a month.
1 Year Fixed Term Deposit
Access
Fixed term
Rate
4.00% AER, fixed
Term
1 year
Min
£1,000
Max
£1,000,000
Rate as of
 No withdrawals until maturity and no deposits after the first 14 days. Interest can instead be paid monthly to another account, at 3.96% gross.
Base Rate Tracker
Access
Easy access
Rate
3.50% AER, tracker
Min
£1
Max
£1,000,000
Rate as of
 Top rate needs £100,000 or more plus an eligible Co-operative Bank current account.
Select Access Saver 5
Access
Easy access
Rate
3.28% AER, variable
Min
£1
Max
£1,000,000
Rate as of
 Drops to 1.00% from the third withdrawal in a calendar year.
2 Year Fixed Term Deposit
Access
Fixed term
Rate
4.09% AER, fixed
Term
2 years
Min
£1,000
Max
£1,000,000
Rate as of
 No withdrawals until maturity and no deposits after the first 14 days. Interest can instead be paid monthly to another account, at 4.06% gross.
3 Year Fixed Term Deposit
Access
Fixed term
Rate
4.18% AER, fixed
Term
3 years
Min
£1,000
Max
£1,000,000
Rate as of
 No withdrawals until maturity and no deposits after the first 14 days. Interest can instead be paid monthly to another account, at 4.15% gross.
Online Saver
Access
Easy access
Rate
2.00% AER, variable
Rate as of
 For existing Co-operative Bank customers only, and managed online or in the app.
Smart Saver
Access
Easy access
Rate
1.40% AER, variable
Rate as of
 Open to new and existing customers, managed online, in the app, in branch or by phone.

Source: The Co-operative Bank savings pages, 2026-08-17 Last checked The Co-operative Bank's own page

Cash ISAs

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Opens

The cash ISA key features set the test at UK resident aged 18 or over, in a sole name only, and note that past bankruptcy is no barrier. Neither the key features nor the ISA declaration mentions US persons or tax residency elsewhere. The IRS still taxes the interest as US income, as the wrapper gives no US relief.

FSCS £120,000 · online or branch

Account Terms The catch
1 Year Fixed Rate Cash ISA
Access
Fixed term
Rate
4.00% AER, fixed
Term
1 year
Min
£5,000
Max
£1,000,000
Rate as of
 From £5,000, or £1 if only transferring in previous years' ISAs. Withdrawals during the term cost 90 days of interest.
Online Cash ISA
Access
Easy access
Rate
2.00% AER, variable
Min
£1
Max
£1,000,000
Rate as of
 Open only to Co-operative Bank current account holders.
2 Year Fixed Rate Cash ISA
Access
Fixed term
Rate
4.09% AER, fixed
Term
2 years
Min
£5,000
Max
£1,000,000
Rate as of
 From £5,000, or £1 if only transferring in previous years' ISAs. Withdrawals during the term cost 120 days of interest.
Cash ISA
Access
Easy access
Rate
1.40% AER, variable
Rate as of
 Instant access cash ISA, managed online, in the app, by phone or in branch.

Source: The Co-operative Bank cash ISA key features, 2026-08-17 Last checked The Co-operative Bank's own page

Mortgages

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With strings

US persons: three years here plus indefinite leave, and sterling income if you are new to the bank

The Platform brand has been folded into the Co-operative Bank for intermediaries, so they are one lender rather than two. It asks a non-UK national for three years lived in the UK and proof of indefinite leave to remain, and requires all income to be in sterling where you are new to the bank.

Direct or through a broker · three years here and indefinite leave to remain

Account Terms The catch
2 year fixed
Rate
4.67%, fixed
Then
6.62% reversionary rate
Term
2 years
Max LTV
60%
Product fee
£999
Rate as of
 Includes £250 cashback. The fee free version at the same tier is 5.01%. The range runs to 90% loan to value, but a non-UK national needs indefinite leave at every tier.

Source: Co-operative Bank intermediary lending criteria, version 4.15, 2026-08-17 Last checked The Co-operative Bank's own page

Account names link to the provider's own site. momo has no active affiliate partnerships; if that changes it will be disclosed and will never change a verdict. Every institution, A to Z.

Confirm your own position with a cross-border specialist. Acceptance policies and tax rules change, and your facts may differ from the general case. Rates and terms here are the provider's published figures rather than an offer, and the provider decides each application on its own criteria. Use this as a map, not a ruling. Last checked .
Tax

FATCA

FATCA makes UK banks report accounts held by US persons to the IRS. It is not a tax; it is a reporting trail. Where it bites is access.

 Tax

FBAR

If your foreign accounts top $10,000 combined at any point in the year, you file an FBAR. What counts, when it is due, and what happens if you miss it.

 Tax

ISA US tax

The IRS does not recognise the ISA wrapper. Cash ISA interest and stocks ISA gains are taxable on your US return, and fund holdings drag in PFIC rules.