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

10 August 2018

1 min read

The Co-operative Bank has reviewed savings rates in response to The Bank of England increasing Base Rate by 0.25% (from 0.50% to 0.75 %) and as a result; select Co-operative Bank and Britannia branded savings accounts' interest rates will be automatically increased from August 30 2018 by up to 0.19%. The High Interest Tracker savings account will increase by 0.25%

Some smile accounts will also benefit from increased rates of up to 0.28%. These changes will also take place from August 30 2018.

While rates on some savings accounts will rise, others will remain unchanged. A list of the accounts that will benefit from increased rates and the level of the rate rise can be found here.

ENDS

Notes to Editors:

About the Co-operative Bank

the Co-operative Bank plc provide a full range of banking products and services to almost 5 million retail and SME (Small and Medium Sizes Enterprises) customers. The Bank is fully committed to values and ethics in line with the principles of the co-operative movement.

For further information please contact

Nicki Parry, Head of Media Relations

The Co-operative Bank Press Office

Tel: 07734 002 983

Email: nicki.parry@co-operativebank.co.uk

Twitter: @CooperativeBank

Contact

Corporate

Lesley McPherson, Director of Communications

Mobile:+44 (0) 7725 903 270

Email Lesley McPherson

Head of Media Relations

Nicki Parry

Mobile: 07734 002 983

Email Nicki Parry

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