Latest Savings Commentary

Income is king

Oliver Roylance-Smith / 15 May 2012

Investing for income is always a popular investment theme, never more so than in recent months with income solutions ruling the roost over the ISA season for both the cash ISAs and investment ISAs. ... Read more

7% potential annual income, capital protected

Oliver Roylance-Smith / 10 May 2012

"The latest Fair Investment Income Deposit Plan offers capital protection plus the potential to earn 7% for each year the FTSE 100 remains between 4,500 and 7,000 points (yesterday’s clos... Read more

The savings dilemma and the rise of alternatives

Oliver Roylance-Smith / 01 May 2012

The economic landscape continues to create a real dilemma for savings and put a spotlight on the fixed rate bond. With yields on these lowering amid continued pressures on getting the most out of yo... Read more

Co-op Current Accounts

Founded in 1872, the Co-operative bank operates as an ethical financial services provider and refuses to make any investments that may be deemed morally questionable. As well as Co-op Current accounts, the company also offers customers a range of other products and services, such as mortgages, loans credit cards and offshore banking.


The standard Co-op current account comes with all of the features that may commonly be required who are searching for a suitable current account. This account includes: 

  • Free and secure online banking
  • Access to 24 hour support from UK call centres
  • A cheque book and debit card
  • Standing order and direct debit facilities
  • No monthly subscription charges (although customers may be subject to charges for going overdrawn)
  • Access to exclusive mortgage offers from the Co-operative


The two other main types of current account offered by the Co-op are examined below our comparisons table, which you can consult for a list of similar current account deals from different providers.

Latest Current Account Deals
 AccountInterest (AER)Overdraft RateFunding Required*Fee pmFeaturesApply
Up to 3%0.0%£500 pm£2Earn cashback on household bills. 3% AER on balances over £3000 More Info >

Representative Example: If you use an overdraft limit of £1,200 a 0% EAR (variable) charge will apply for first 4 months, £1 per day capped at 20 days each monthly statement period applies thereafter.

0.00%Daily fees on agreed overdrafts£0.00Nil£5 cashback every month you deposit £1,000. More Info >
0.0%19.30%£0.00 NilTelephone and Online Banking - Simply, free and easy to useMore Info >
Representative Example: Up to £5,000, 19.3% interest p.a. (variable). Subject to status and application.
0.0%18.30%£300.00£5pmBenefits include mobile phone insurance, cardholder protection and much more for £6.50 per month.More Info >
Representative Example: Up to £300, 0% interest p.a. (variable). £301-£5,000, 18.3% interest p.a. (variable). Subject to status and application.
0.0%18.30%£300.00£15Benefits include Travel Insurance, mobile phone insurance, breakdown cover and much more for £15 per month.More Info >
Representative Example: Up to £300, 0% interest p.a. (variable). £301-£5,000, 18.3% interest p.a. (variable). Subject to status and application.
0.0%19.90 %£500NilOverdraft, award-winning online banking, access to 4% savings accountMore Info >
Representative example: If you use an overdraft limit of £1,200 the interest rate charged will be 19.9% EAR (variable).
0%19.89%£0.00NilA flexible current account for day-to-day banking. Overdraft (subject to eligibility) - extra breathing space for your finances. Over 18s only. More Info >
Representative example: If you use an overdraft limit of £1,200 the interest rate charged will be 19.89% EAR (variable).
0.0%19.49%£100.00 £12.95For the third year running, the independent financial research company Defaqto gave Advantage Gold their 5 Star rating for product features, benefits and charges (February 2011).More Info >
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 19.49% EAR (variable).
£0.0019.24%£100.00£12.95Mobile phone insurance - includes iPhones; Green Flag car breakdown cover - even on your driveway; Annual world wide travel insurance - includes winter sports.More Info >
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 19.24% EAR (variable).
0%19.89%£0.00NilA flexible current account for day-to-day banking. Overdraft (subject to eligibility) - extra breathing space for your finances. Over 18s only. More Info >
Representative example: If you use an overdraft limit of £1,200 the interest rate charged will be 19.89% EAR (variable).
0%18.9%£700 per monthNilPreferential rates on savings and loans. Free European travel insurance, discounts on home insurance. No monthly fee. (Pay in a minimum of £750 per month to get the benefits.)More Info >
Representative Example: 18.9% EAR variable is charged on all overdrawn balances.

*Some current accounts require customers to pay in a minimum amount each month.

**See Terms and Conditions

There are also several other types of Co-op current account that are available to customers, here are some examples: 

Current Account Plus

Through the use of a current account plus, customers can make use of a number of extra benefits, although certain eligibility criteria must first be met (Minimum monthly deposit of at least £800). Extra benefits include: 

  • Access to a linked savings account
  • Overdraft facilities of up to £200 without any charges or fees
  • No subscription charges

Privilege Current Accounts

With a privilege current account from the Co-op, customers receive all of the benefits of the standard current account deal, and will also receive: 

  • Worldwide family travel insurance
  • Mobile phone insurance for loss, damage or theft
  • Access to a privilege savings account
  • Free legal advice from the Co-op legal services helpline
  • 20% off Co-operative home insurance

Current Accounts

Popular Current Account Searches