New guides to help you look after your money
12 November 2019
Over the last few months, we’ve taken time to understand what our Co-operative Bank customers and people in general would find helpful when doing their everyday banking, money management and finances. We’re using our findings to create plain speaking guides and articles that should help answer all of these questions.
We'd like to introduce you to our first set of guides:
- What is a current account and what do I need to know?
- Can I get a bank account with poor credit history?
- How do I estimate the value of my home contents?
- How to pay money into a savings account
- What types of bank accounts are there?
- What is a Fixed Rate Bond and how does it work?
- How does a credit card work?
- What is a Joint Bank Account?
- How to get a loan
What is a current account?
To take a look at our current account guide, visit What is a current account and what do I need to know?.
Can I get a bank account with poor credit history?
If you have poor or no credit history you may think opening a bank account could be challenging, but this is not always the case.
This guide will give you tips on opening and managing a bank account as well as how opening a bank account can help improve your credit history.
Want to know more? Take a look at Can I get a bank account with poor credit history?.
How do I estimate the value of my home contents?
When you have contents home insurance it can be difficult to know what items to include and how much they may potentially be worth. This is why we have put together a useful guide on what you could include in your inventory list for your contents home insurance application.
To learn more about content insurance and what it covers, visit How do I estimate the value of my home contents? .
How to pay money into a savings account
Do you have some money saved and not sure where to put it? Have you heard of savings accounts but not sure how to open one? We have created a specific guide on savings accounts to help you, step by step.
Whether you’re saving for a special occasion like a family holiday or putting away money for a new house, savings accounts are a great way to save (store?) your money. There is also the added benefit of earning interest on your savings, which with some of our savings account can mean your money is working harder for you to help you reach your goal.
Find out more by clicking How to pay money into a savings account.
What is a Fixed Rate Bond?
A Fixed Rate Bond, also known as a Fixed Term Deposit, is a savings account that you can put money in for a set period of time, usually 1, 2 or 3 years, but can also be as long as 5 years. In exchange for agreeing to not withdraw your money during this term, you get a fixed rate of interest that is generally higher than what you would get from a savings account that allows regular withdrawals.
To find out more, take a look at our dedicated Fixed Rate Bond guide.
Our work here has only just started, as we continue to add to these over the coming months.
How does a credit card work?
A credit card can allow you to spend money and pay it back at a later date. For letting you do this, credit card providers usually charge you interest.
There are many advantages of using a credit card, but there are potentially costly things to consider.
To find out more, read our useful guide to learn more about how credit cards work.
What is a Joint Bank Account?
A joint account is a type of bank account where more than one person is responsible for the account and its management. They are designed to help people manage their money together. This makes paying for joint bills much easier and can save you the task of transferring money between accounts.
To find out more, read our useful guide to learn more about joint accounts.
How to get a loan
As long as it’s planned and budgeted for, a personal loan can be useful when cash is needed up front, for example to pay for a new or used car, home improvements or any other big purchase.
To find out how likely you are to get a loan, and what you can do to improve your chances of getting a loan without impacting your credit file, read our guide on how to get a loan.