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2016 News

17 November 2016 - 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.

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10 November 2016 - The Co-operative Bank's 'My Money, My Life' Campaign Receives Industry Backing For Code Of Practice


  • “My Money, My Life” campaign, launched in partnership with Refuge, national domestic violence charity, called for industry-wide agreement to support people who experience financial abuse in their relationships

  • One in five UK adults is the victim of financial abuse in relationships

  • A third of financial abuse victims suffer in silence, telling no-one

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09 November 2016 - £150 incentive for new and existing customers who use the full Current Account Switching Service

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03 November 2016 - 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.

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02 November 2016 - 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

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25 October 2016 - 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

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13 October 2016 - 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.

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11 October 2016 - 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

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04 October 2016 - Apple Pay Now Available To Co-op Bank Customers

Latest stage in Co-op Bank’s ongoing digital improvement plan

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30 September 2016 - 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

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21 September 2016 - Switch Smartly To Avoid Charges For Dipping Into The Red


  • Two-fifths (40%) of current account switchers have incurred unexpected costs and charges through the use of their overdraft

  • Average switcher dips into their overdraft more than three times a year

  • However only a fifth (20%) of those who have switched account since the introduction of the Current Account Switch Service considered its overdraft when deciding to move

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19 September 2016 - Co-op Bank Launches Campaign On Fun Kids Dab Radio

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

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16 September 2016 - 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

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01 September 2016 - The Co-operative Bank Appoints HR Director

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26 August 2016 - Co-op Bank is proud to support Manchester pride big weekend 2016


  • The Co-operative Bank is amongst those supporting this year’s Pride weekend in Manchester

  • Bank colleagues are volunteering at the Saturday parade to show their support for Manchester Pride

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26 August 2016 - Up to £216 cash reward for switching to a Co-op bank current account


  • £150 incentive for new customers using the full Current Account Switching Service to take out a current account

  • Opt into Co-operative Bank Everyday Rewards to earn up to a £5.50 cash reward into your account each month

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26 August 2016 - 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

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15 August 2016 - Co-op Bank 'It's Good To Be Different' Campaign Returns


  • Ad is back on TV screens: Monday 15th August; with key spot times in ITV1 Coronation Street and E4 Made in Chelsea

  • Re-focused to promote the bank’s £150 current account switching offer

  • New social media content celebrating the work of Hospice UK and volunteers

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09 August 2016 - The Co-operative Bank responds to the CMA enquiry into the retail banking sector

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05 August 2016 - 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

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04 August 2016 - Base Rate Reduction

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11 July 2016 - 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

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09 May 2016 - 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

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29 February 2016 - '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

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29 February 2016 - New Co-operative Bank Campaign Shows Why 'It's Good To Be Different'


  • New TV advert and social media campaign to support the launch of a more modern and distinct brand identity

  • Campaign highlights real people who like to do things differently

  • Advert promotes the Bank’s Everyday Reward current account scheme

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22 January 2016 - 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

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11 January 2016 - The Co-operative Bank launches current account rewards for everyday banking

New and existing current account customers can earn up to £5.50 every month for going about their everyday banking



  • Co-created with customers, there is no monthly or annual fee

  • Customers can receive as cash or opt to donate their reward to one of five leading charities each month

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07 January 2016 - Credit card mistakes cost UK cardholders £1.2 bn in extra annual interest charges


  • One in four Brits with a zero per cent balance transfer card have lost their promotional rate and paid more in interest as a result

  • The Co-operative Bank's Balance Transfer Credit Card does not withdraw zero per cent rate for small mistakes

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