The Co-operative Bank reaches key milestone with Baa3 investment grade rating by Moody's

Credit ratings agency Moody's has today upgraded The Co-operative Bank’s long-term deposit rating to Baa3, moving the Bank to investment grade.

The Co-operative Bank launches new 'Regular Saver' account with 7% interest rate

• Available from today, the account is open to anyone with a qualifying Co-operative Bank current account
• Anyone who is not a customer can sign up for a current account in order to open a Regular Saver account
• Unlike similar savings accounts, this account allows customers to access their funds penalty-free and has no minimum monthly deposit.

UK ethical consumer spending hits £141 billion as second-hand clothing market booms

The second-hand clothes market is enjoying a boom, according to Ethical Consumer and The Co-operative Bank’s 2023 Ethical Markets report.

The Co-operative Bank celebrates 20 years of its Customer Donation Fund by hitting £1.1 million milestone

The Co-operative Bank is celebrating 20 years of its Customer Donation Fund.

The Co-operative Bank one of only three banks labelled a Which? Eco provider

The consumer champion Which? examined the environmental policies of 13 of the UK's leading current account providers, with only three earning the Which? Eco Provider badge.

Platform rebrands to The Co-operative Bank for Intermediaries

From today (25 September), Platform, the intermediary lender of The Co-operative Bank, will rebrand to become The Co-operative Bank for Intermediaries.

Music, sport and TV stars donate exclusive prizes to fund new project aiming to restore nature in towns and cities

• Friends of the Earth launches #BringBackNature competition to help fund an innovative programme to create vibrant green spaces in nature-deprived communities
• The Co-operative Bank has already pledged £25,000 in match-funding to boost donations to the prize draw to kick off a multi-year partnership with Friends of the Earth

Friends of the Earth and The Co-operative Bank join forces to transform over 1,000 nature-deprived spaces across the country

Platform part of The Co-operative Bank re-launches 95% LTV mortgages

Platform is pleased to announce that 95% LTV mortgages will be available from today

The Co-operative Bank joins forces with Shelter to demand a fairer private rented system, now

Today, Shelter and The Co-operative Bank are announcing a new partnership, campaigning together to demand a fairer private rented system which secures the rights of renters. This new bold partnership will give further momentum to Shelter’s campaign for the introduction of a robust Renters’ Reform Bill.

The Co-operative Bank announces ambitious 2030 net zero target

The Co-operative Bank today announces its commitment to reach net zero on Scope 1 and 2 direct emissions by 2030, and to transition its Scope 3 lending portfolios to align to net zero by 2050 at the very latest.

The Co-operative Bank increases interest rates on all variable rate savings products by up to 0.50 percentage points

The Co-operative Bank will increase interest rates on all variable rate savings products by up to 0.50 percentage points. These changes will apply from 2nd March 2023, for both existing customer accounts and on sale products.

Co-operative Bank customers can access legal support through new partnership with Co-op Legal Services

The Co-operative Bank has launched a new partnership with Co-op Legal Services, piloting an initiative that will provide the Bank’s customers with access to specialist legal support.

The Co-operative Bank celebrates 150 years of ethical banking with fundraising evening

Following a year of events and initiatives to mark the 150th anniversary of The Co-operative Bank the celebrations were brought to a close with an evening of fun, fundraising and awards for colleagues who have embodied the bank's core values and displayed standout service when supporting their peers and bank customers.

The Co-operative Bank tackles financial exclusion through its Bridge to Banking initiative

The Co-operative Bank has launched a new initiative in partnership with youth homelessness charity Centrepoint, to help financially excluded, homeless young people in Manchester to access basic banking products.

The Co-operative Bank leads the charge against the climate-nature crisis with market-leading ESG credentials

For the second year running the Bank has been recognised as the UK’s Best ESG-Rated High Street Bank by leading Rating Agency Sustainalytics*, and as of 2022 also received an MSCI ESG rating of AAA**, validating the Bank’s ethical leadership.

New Mortgage additional borrowing product launched to support customers with green home improvements

Green Additional borrowing is supported by The Bank’s ‘Energy Saving Improvement Tool’, developed in partnership with Energy Saving Trust, to help consumers find ways to save money on their energy bills and become more sustainable.

The Co-operative Bank leads the banking industry with its ambitious sustainability agenda

Today, The Co-operative Bank has launched its externally-assured Sustainability Report alongside its 2021 financial results, providing an insight into The Bank’s market-leading ethical position in the banking industry.

The Co-operative Bank hosts free webinar on supporting SME business to thrive post pandemic

The Co-operative Bank and its partners, Greater Manchester Chamber of Commerce, AXA Insurance and Assurant, are hosting a free webinar on 22 September 2021 from 11.00am-12.00pm

The Co-operative Bank launches its Values & Ethics Poll - As 20 million call for a say in how banks operate

More than 20 million people in the UK want a say in how their bank approaches key social and environmental issues, according to new research from The Co-operative Bank.

New Co-operative Bank Campaign 'We won't stop' promotes recognition as the best ESG rated UK high street bank

Today, the UKs leading ethical bank launches its ‘We won’t stop’ print and social media campaign to announce it has been rated as the UK’s best Environmental, Social and Governance (ESG) high street bank by Sustainalytics

The Co-operative Bank receives the best ESG rating of any UK high street bank

The Co-operative Bank has been rated as the UK’s best Environmental, Social and Governance (ESG) high street bank by Sustainalytics, a leading ESG and corporate governance research, ratings and analytics firm.

The Co-operative Bank achieves customer growth targets and launches value add services for SME customers

Two years on from its successful £15m award of funding from the Capability and Innovation Fund, The Co-operative Bank has delivered on its commitments to launch value added services such as a preferred Business Insurance provider and a mobile banking app for its SME customers.

Free financial support webinar available for small businesses

The Bank will be partnering with key North West business experts to host a free financial support webinar that will cover a wide range of issues

Stamp Duty Moratorium extension and announcement of Guaranteed Mortgage scheme

Co-operative Bank customers come together to donate more than £1m to key charity partners

The Co-operative Bank is celebrating the milestone of more than £1million being donated across five charity partners through its Everyday Reward scheme.

The Co-operative Bank donates £10,000 to Greater Manchester Hospice Group to keep families connected throughout lockdown

The Co-operative Bank provides Greater Manchester Hospices’ with vital funds to keep families connected throughout the coronavirus pandemic.

Campaign calls for reform to tackle long-term financial impact of economic abuse on survivors

A large proportion of personal debt in the UK could be the direct result of economic abuse, according to a recent report by The Co-operative Bank and Refuge, the UK’s largest national domestic abuse charity.

8.7 million people report experiencing economic abuse and 1.6 million saw this begin as a result of the Covid-19 pandemic

Nearly two out of five UK adults (39%) – approximately 20m people1 – have experienced economically abusive behaviour in a current or former relationship, according to a new report launched today by The Co-operative Bank and Refuge.

The Co-operative Bank announces plans to reduce 350 roles

The Co-operative Bank has today announced proposals to reduce around 350 roles, including the closure of 18 branches. Aside from the specific branches affected, the reduction is expected to focus on middle management positions and head office roles.

Supporting local communities and highlighting the work of good causes in our latest brand campaign

The Co-operative Bank is launching its new brand campaign today (Monday 15 June) featuring customers of The Bank who continue to make a difference to their local communities and who have had support from The Bank through its Customer Donation Fund.

The Co-operative Bank celebrates being named Moneyfacts' Best Current Account Provider in the 2020 awards

The Co-operative Bank announces additional support measures for personal banking customers following FCA guidelines

The Co-operative Bank is committed to providing support to customers through this challenging time and is introducing additional measures to help customers.

The Co-operative Bank becomes signatory of UN Principles for Responsible Banking

Today (2 March 2020) The Co-operative Bank has become an official signatory of the UN Principles for Responsible Banking – a single framework for a sustainable banking industry, developed through an innovative partnership between banks worldwide and United Nations Environment’s Finance Initiative.

Sarah Barker joins The Co-operative Bank's SME Banking operation

The Co-operative Bank is delighted to announce that Sarah Barker joins its SME Banking operation from today and will lead the growing relationship management team looking after the needs of our SME customers.

The Co-operative Bank signs up to voluntary CRM Code to help protect customers from fraud

The Co-operative Bank has signed up to the Contingent Reimbursement Model (CRM) Code and has been approved as a signatory by the Lending Standards Board (LSB). The CRM Code sets standards to detect and prevent Authorised Push Payment (APP) Scams and provides a commitment to reimburse customers who lose money through no fault of their own.

The Co-operative Bank launches new 'Loans Marketplace' proposition

• Introducing customers to a tailored lending platform from Freedom Finance for lending options is a UK high street bank first.
• Consumers can access real time decisions and if successful see loan offers with applicable interest rates from a panel of lenders that offer unsecured personal loan options through a single ‘soft search’ that won’t negatively impact their credit profile.
• The Co-operative Bank is promoting access to affordable credit to its customers by providing them with the opportunity to compare quotes from a range of regulated lenders depending on the customer’s personal circumstances.

Amnesty and The Co-operative Bank launch 'Rise Up' youth activism training programme

This weekend (14-15 September) will see the first cohort of young activists take part in Amnesty International UK’s "Rise Up" youth activism training programme, supported by The Co-operative Bank.

The Co-operative Bank launches longest free banking introductory offer for SMEs as it steps up competition

• The Co-operative Bank nearly doubles its free introductory period from 18 months to 30 months for new SME banking customers – as official data indicates businesses are most likely to struggle in their second year
• Existing Business Directplus customers currently in their introductory period will see it extended by 12 months, in line with the new offer

THE Co-operative Bank Awarded £15m In Funding To Grow Its Presence In The Business Banking Market

Funding will support the Bank’s goal to double its share of the market over the next five years, through the development of products and services for SME customers.

The Co-operative Bank boosts its North West workforce creating more than 100 new roles for IT and digital specialists

Manchester-based employer The Co-operative Bank has announced more than 100 new jobs for IT and digital specialists as it moves forward with plans to develop its online and digital propositions for customers, from its base in the North West of England.

The Co-operative Bank announces sponsorship with charity giving platform Wonderful.org

• The Co-operative Bank is proud to support a Manchester based fundraising platform that gives 100 per cent of charity donations to good causes.

The Co-operative Bank Confirms Bid For Pool B Funding From RBS Fund

The Co-operative Bank today confirms that it will apply for funding from Pool B of the RBS alternative remedies package as part of its strategy to significantly grow its presence in the business banking market and drive greater competition for small business (SME) customers.

The Co-operative Bank launches new higher interest rate Select Access Saver 10 account

• Start 2019 with a savings habit by taking out a Select Access Saver 10 account with The Co-operative Bank.
• Savers can be assured that by choosing an account with The Co-operative Bank they are putting their money in a bank that is committed to its customer-led Ethical Policy.

New Campaign Promotes Ethical Business Banking From The Co-operative Bank

The voices of real customers talk about why they chose The Co-operative Bank.

Research of UK SMEs show they ‘believe that doing good is as important as doing well’.

UK's 3.9 million Purpose-Driven Small Businesses Committed To Making A Difference To Customers And Communities

• 70 per cent of UK SMEs are driven by a desire to support customers and communities
• Nine out of 10 SMEs recognise the importance of a clear purpose in business success

The Co-operative Bank Comments On Today's Confirmation That It Will Be Part Of The Incentivised Switching Scheme

The Co-operative Bank is delighted to have been confirmed as part of the Incentivised Switching Scheme by the Board of Banking Competition Remedies Ltd (BCR) Further details of the announcement are available here.

The Co-operative Bank to bid for funding from RBS fund

The Co-operative Bank today confirms that it will apply for funding from the RBS alternative remedies package in
a bid to significantly grow its presence in the business banking market and drive greater competition for small
business (SME) customers.

The Co-operative Bank appoints Donald Kerr as Managing Director, SME Banking

The Co-operative Bank today announces the appointment of Donald Kerr to the new role of Managing Director, SME Banking, as part of its bid to significantly grow its presence in the business banking market. The appointment is subject to regulatory approval.

Co-operative Bank and Refuge welcome the launch of a financial abuse code of practice

The Co-operative Bank and Refuge welcome the launch of a new Financial Abuse Code of Practice for the UK financial services industry

The Co-operative Bank increases select savings rates as a result of an increase to Bank of England Base Rate

The Co-operative Bank has reviewed savings rates in response to The Bank of England increasing Base Rate

The Bank of England Base Rate Announcement

We are updating our website with new interest rate information for some of our business, mortgages and savings customers. This is following the change to Bank of England Base Rate announced on Thursday 2 August 2018.

The Co-operative Bank details ISA account deadline dates for the 2017/2018 tax year

The 2017/18 tax year closes on Thursday, April 5, 2018 and savers looking to make the most of their Tax-free ISA allowance with The Co-op Bank should bear in mind the deadline dates for opening a new account and making a deposit to ensure they don’t miss out.

The Co-operative Bank Launches New Current Account Switching Incentive That Rewards Customers And Helps Give Homeless Young People A Future

• Eligible customers can receive a £125 cash incentive for switching their bank account to The Co-operative Bank
• An additional donation of £25 will be made to homeless young peoples’ charity Centrepoint in celebration of the 25th anniversary of the Bank’s customer-led Ethical Policy

Co-operative Bank Lowers Interest Rates On Select Mortgages Across All Fixed Rate Terms

• Five year fixed rates reduced by up to 0.25 percentage points
• Three year fixed rates reduced by up to 0.30 percentage points
• Two year fixed rates reduced by up to 0.20 percentage points

Our Advertising Policy

As a Bank that is guided by our values & ethics, we take into consideration our customers’ feedback when making decisions on where to advertise when we run campaigns to promote our products and services. The views of our customers are important to us and we will regularly review our approach to advertising bearing in mind feedback we have received.

New Look Co-operative Bank Branch Officially Opens In Sheffield City Centre

New location as the branch moves to new address on Pinstone Street and is open to customers.

The Co-operative Bank Crowned 'best Charity Banking Provider' And 'Best Service From A Business Bank' In The Business Moneyfacts Awards

Platform mortgage business ‘Commended’ in ‘Best Buy-to-Let Mortgage Provider’

Also nominated in five other award categories

The Co-operative Bank Details ISA Account Deadline Dates For The 2016/17 Tax Year

The 2016/17 tax year closes on Wednesday, April 5th, 2017 and savers looking to make the most of their tax free savings allowance with The Co-operative Bank should bear in mind the deadline dates for opening a new account and making a deposit to ensure they don’t miss out.

The Co-operative Bank Increases Interest Rate On One And Two Year Fixed Rate Isas

Available from Thursday 2 March, 2017 to new and existing customers

The Co-operative Bank's Charity Fundraiser Raises £52,000 For Good Causes

Forty charities benefit from donations due to bank staff fundraising efforts.

Manchester’s Wood Street Mission will benefit from a £2,400 donation.

The Co-operative Bank Launches Select Access Saver Account

Select Access Saver 7 is a new account offering a competitive savings rate and up to four withdrawals each calendar year without penalty

The Co-operative Bank's Two Year Fixed Rate Mortgage At 90 Per Cent LTV Is The Lowest Rate In The Market

Two year fixed rate deal at 1.94 per cent at 90 per cent LTV with a £1,499 fee

The Bank announces proposals to reduce staff numbers as it seeks to reduce costs further in prolonged low interest rate environment

The Co-operative Bank has today announced proposals to make approximately 200 roles redundant by the end of March 2017, as it seeks to reduce its operating costs given the impact of a prolonged lower for longer interest rate environment.

£150 incentive for new and existing customers who use the full Current Account Switching Service

The Co-operative Bank Responds To FCA's Plans To Improve Competition In The Current Account Market

The Financial Conduct Authority (FCA) has today announced that it will take action to improve competition in the current account market – including plans to provide consumers with greater transparency of overdraft costs and charges.

The Co-op Bank Launches Pioneering Customer Debt Support Programme With Citizens Advice Manchester

Dedicated resource at Citizens Advice Manchester to support customers experiencing financial difficulty

1 In 3 Overdraft Switchers Wave Goodbye To 'Golden Hellos' As Fees And Charges Erode It Away

• Current account switchers receive £243m in ‘golden hellos’
• Average monthly cost for using an authorised overdraft is £6.93 – or £53 for using an unauthorised one

The Co-operative Bank Sponsors University Of Manchester Prometheus Third Sector Programme

The Co-operative Bank has worked with Alliance Manchester Business School in supporting its Prometheus programme, designed for third sector leaders, which was attended by nearly 100 delegates from the charity sector.

The Co-operative Bank Publishes Its Targets For HM Treasury's Women In Finance Charter

The bank is one of the first financial institutions to sign up to improve gender diversity within the business

Co-op Bank Lowers Rates On Mortgages

• Five year fixed rates reduced by up to 0.40 per cent
• Three year fixed rates reduced by up to 0.25 per cent
• Two year fixed rates reduced by up to 0.15 per cent

Co-op Bank Launches Campaign On Fun Kids Dab Radio

Campaign to help children and their parents be more engaged in money matters

Three Quarters (77 Per Cent) Of Current Account Switchers Would Consider Switching Again

• Switch and switch again: three-quarters (77 per cent) of current account switchers would consider moving to a new provider in the future
• UK’s flagship switching facility, the Current Account Switch Service reaches its third anniversary today
• Since its launch more than 3.2 million successful switches have taken place

The Co-operative Bank Appoints HR Director

The Co-operative bank reduces savings rates following Bank of England base rate cut

• Sixty per cent of Co-operative Bank & Britannia customers will receive no change to the rate on their savings accounts
• Rate changes effective from 14th November 2016

The Co-operative Bank responds to the CMA enquiry into the retail banking sector

The Co-operative Bank reduces Standard Variable Rate (SVR) for mortgages

Co-operative Bank Standard Variable Rate will reduce by 0.25 per cent to 4.49 per cent

The Co-operative Bank Signs Up To HM Treasury's Women In Finance Charter

• Aims for 40 per cent female representation in senior management roles by 2020 - an 8 per cent increase on 2016
• The Co-op Bank was among the first banks to sign up and commit to improve gender diversity in the summer

The Co-op Bank is proud to support the Great CityGames Manchester 2016

• Co-op Bank is the headline sponsor of the Great CityGames taking place in Manchester city centre on Friday 20th May 2016
• Event will include athletes such as Greg Rutherford, Richard Kilty and Dafne Schippers

'The Hive' £1M business support programme launches to help growth in the UK's £37BN Co-operative economy

• New report highlights demand for the co-operative option among business owners, employees and customers
• First programme of its kind will help new and existing co-operatives, social enterprises and community businesses

The Co-operative Bank launches market-leading two year fixed rate mortgage at 90 per cent LTV

• Two year fixed rate deals from 2.14 per cent with 90 per cent LTV
• 90 per cent LTV mortgages reduced by up to 0.20 per cent

The Co-operative Bank scoops three customer service awards

The Co-operative Bank's contact centres have won three prestigious awards in the 2015 ICMI Top 50 Companies for Customer Service Awards:

• Best large call centre for customer service
• Most improved call centre for customer service
• Third overall for call centre service.

The Co-operative Bank relaunches market leading rates on two 90% LTV mortgages

• Highly competitive two year and five year fixed rate mortgages with only 10 per cent deposit
• Other mortgage rates reduced by up to 0.45 per cent

Supporting economic and social development with The Co-operative Bank

The Co-operative Bank and Co-operatives UK announce £1million partnership to grow the co-operative sector in the UK

The Co-operative Bank and Co-operatives UK today announce an agreement to launch a £1million three-year partnership to support the development and growth of the UK's dynamic co-operative and social enterprise sector.

The Co-operative Bank reduces mortgage rates by up to 0.20 percent

The Co-operative Bank has reduced rates across a range of fixed rate mortgages, with its five year fixed rate reducing by up to 0.20 percent.