The Co-operative Bank launches new current account offers

The Co-operative Bank is launching a trio of new offers for new and existing current account customers, including a new highly competitive lifetime tracker mortgage at 2.49% (tracks at 1.99% above Bank of England base rate) with no application fees.

Rod Bulmer, Managing Director, Retail at The Co-operative Financial Services comments: "Many customers have told us that they are disillusioned with their current provider and in the past customers have often been reluctant to change banks due to a perceived difficulty with switching and a lack of alternative providers. However at The Co-operative Bank we have bucked the market trend by doubling our market share for new current accounts in the last year, and experiencing a flight to trust, with a 38% increase in current account openings. These new offers now provide customers with even more reasons to bank with us."

The new deals include the following:

A highly competitive lifetime tracker mortgage deal at 2.49% for up to 75% LTV (tracks at 1.99% above Bank of England base rate). This mortgage also has no application fees or early repayment charges and is available from Friday 14th May.

0.5% discount off the standard rate on a personal loan from The Co-operative Bank.

20% discount on home insurance with The Co-operative Insurance for the first year.

These new offers are available to both existing and new current account customers, who use the dedicated switching service from The Co-operative Bank, with the following accounts: Current Account, Current Account Plus, Privilege, Privilege Premier, Smile Current Account and Smile More*.

Rod Bulmer adds: "In order to help customers who want to switch their current account and try a new provider, we have a dedicated switching service, which removes the hassle for customers, and to gain even more customer confidence, we promise to guarantee satisfaction with our switching service or we'll offer unhappy customers £50.''