19 February 2019
3 min read
The Co-operative Bank is kicking off 2019 with a new improved rate on its Select Access Savings product. From today, the Select Access Saver 10 (SAS 10) account is available offering an interest rate of 1.40% gross / AER applied to accounts when four or less withdrawals are made in a calendar year and is available to both new and existing customers.
The SAS 10 account is a great option for customers who want to save regularly throughout the year but who may need to use that money for a purchase or to pay for an unexpected expense. If the savings are for a holiday or a rainy day, the SAS 10 account gives flexibility to save over the year and make up to four withdrawals without seeing a drop in the interest rate applied to the funds.
With this latest version of the SAS product, the reversion interest rate offered to customers who do make more than four withdrawals in a year is improved. SAS 10 and all other versions of the Select Access Saver account will, from today, revert to 0.30% gross / AER, up from the previous rate that was 0.10% gross / AER.
A summary of SAS 10 features:
For full details of SAS 10 please visit Select Access Saver 10
Ethically minded savers looking for a competitive and flexible saving product can be assured their savings will be held by the only UK high street bank with a customer led Ethical Policy. The Ethical Policy is part of the Articles of Association of the bank; meaning it is committed to operating in line with the values and ethics it shares with its customers.
The Bank provides a wide range of bespoke banking services for charities, community groups, voluntary organisations and social enterprises, who share our co-operative values and the bank lent £40 million to this sector last year.
Maria Cearns, Managing Director of Current Accounts and Savings at The Co-operative Bank, said:
“We’re delighted to be able to offer a competitive rate on our newly launched SAS10 account which also gives customers the benefit of being able to access their money if they need it. The SAS 10 account is a good place to save regularly as up to four withdrawals can be made in a calendar year without a reduction in the interest rate offered. This is a fairer option for those that want to save at a competitive rate but need some flexibility.”
“Values and ethics are important to our bank and we ensure that we offer good service and competitive savings returns for our customers as well as supporting good causes; such as those that protect the environment and those that promote social and economic growth in Britain. Our customer-led ethical policy has been shaped by more than 320,000 customer and colleague viewpoints over more than 25 years.”
For more information on The Co-operative Bank’s Ethical Policy, visit:
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
Head of External Communications & Sustainability
Mobile: 07724 701319
The Co-operative Bank Press Office
Landline: 0151 271 1985
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