moneysupermarket.com: Co-op's new Current Account Plus

Commenting on the launch of the Co-op's new Current Account Plus, Kevin Mountford, head of current accounts at moneysupermarket.com, said: "The current account market hasn't seen many new products of late, so it's a refreshing change to see this offering from the Co-op bank.

"It offers a sweeping facility into a linked savings account with a base rate tracker guarantee. Customers should be slightly wary of this though - while it could be a useful home for surplus current account monies, it should really only be used as a temporary measure. At 0.5 per cent below the base rate there are better savings options you could use to move funds into at the end of each month.

"If service is your highest consideration when opening a current account, then the Co-op certainly hits the mark with a high reputation for quality customer service via its UK call centres. The Co-op also takes an ethical stance as a business, which may appeal to the more socially aware consumer."