The Co-operative Bank has today announced the launch of its new switching offer, where customers could receive up to £175 for switching their current account to The Co-operative Bank; £100 upon completing a switch to The Co-operative Bank, and £25 per month for three months thereafter.
Co-operative Bank current account customers can also benefit from exclusive access to savings accounts, including the current best buy Regular Saver product which encourages customers to save through 7.00% interest (gross/AER) on up to £250 per month.
The offer, which includes a significant £25 increase on its previous incentive, is available for a limited time to new and existing customers who switch to an eligible Co-operative Bank current account*.
Customers who successfully apply to switch will have the switching payments paid into their Co-operative Bank current account.
The offer comes amid the announcement of Santander’s branch closure in Croydon this summer, making The Co-operative Bank one of the fewer high street banks with a presence in the town centre.
Irum Chaudry, Croydon branch manager, said:
“For the community in Croydon, this is a timely opportunity to join The Co-operative Bank – with another bank’s branch closing their doors on the town. Supporting the community of Croydon is incredibly important to us, and we’re pleased to be able to offer customers the chance to benefit from £175 in cash through this incentive.”
As an added bonus, by changing their bank, switchers can change a lot more; by withdrawing their money from other banks, current account switchers could reduce the carbon impact of their money by up to 86%**. As customers of the UK’s original ethical bank, their funds will not be invested in businesses or organisations that conflict with their ethics, meaning that their money will not be used to fund the extraction or production of fossil fuels, animal cruelty, or the manufacture or transfer of arms to oppressive regimes.
