The Co-operative Bank
News and Updates
We're improving our website and need your help please! Your answers to this short survey will help us make our website better. Thank you!
Our mobile app now has even more great features. You can check out our latest interest rates or use our helpful home and personal loan calculators. The calculators will help you find out how much interest you’ll pay on your loan and how long it might take to pay off! We’ve also made the "Lock" button easier to access on the home screen.
Downloading the application is subject to our Digital Services and General Terms and Conditions which are available at www.co‑operativebank.co.nz.
Some of our customers have recently received hoax emails. The email states it is sent from The Co-operative Bank.
If you receive one of these emails, please don't click on the link as the email suggests. Delete the email immediately (if you can, please forward a copy of it to firstname.lastname@example.org first, so that we can take the appropriate action).
Get a financial health check from the Co-operative Bank team. We’re offering free financial health checks to everyone who’s interested (you don’t have to be a customer) from 13 October to 14 November (a Money Month!).
Our Timaru branch will be closed on Monday 22 September for South Canterbury Anniversary Day (if you need help urgently you can call 0800 554 554). We hope everyone in the area has a great day off.
Here's an interesting article about our AGM from a customer's point of view. Thanks to Mathew Underwood and Script, the newsletter of the New Zealand Shareholders' Association for this article.
- Product and service news
- The environment
- First quarter financial highlights
- Farewell to John Isles
Our great new mobile banking app (for iPhone and Android phones) is here and ready to download from the Apple Store or Google Play.
On Thursday 24 July 2014 we held our Annual General Meeting (AGM) at the City Gallery in Wellington.
We had an excellent turn out with 85 people attending in person and 3527 shareholders appointing a proxy.
The only New Zealand bank that shares its profits with its customers is giving back even more money this year.
For the second year in a row The Co-operative Bank will pay a share of its profits directly to its customers.
As a result, on 1 July 2014, the majority of customers will receive a portion of a total $1.3 million rebate payment, Chief Executive Bruce McLachlan announced. This is an increase from the $1 million in rebates paid out last year.
The Co-operative Bank has experienced a sound year of growth in its second full year as a registered bank.
With the OCR increasing to 3.25% yesterday we are making changes to both Term Deposit and Home Loan interest rates which came into effect today (13 June).
It was announced in the Government’s Budget on 15 May 2014 that from 1 July 2014 the requirement to pay cheque duty on cheques will be removed. Cheque duty is 5c per cheque or $2.50 per cheque book.
The Co-operative Bank leads the way in Canstar’s 2014 banking customer satisfaction ratings - 8 May 2014
We’re pleased to say that we’ve won the 2014 Canstar Blue Award for “Most Satisfied Customers” in the banking industry, scoring the maximum five stars across seven of the eight categories. Thanks to all our amazing customers and staff for this great achievement!
Check out our interest rates
Fixed for 18 Months.
6 month term deposit. Minimum investment $5000. Interest compounded quarterly.
Unsecured loan with full banking discount (1.00% pa). Read more about Personal Loans
To qualify for the full banking discount, one of the borrowers of the loan must credit their main income to a transaction account at The Co-operative Bank. On our Personal Loans we also offer an interest rate discount to members who take out, or hold, insurance with us – ask us about which insurance options qualify for this discount.
Unarranged Overdraft interest rate 22.00%pa.
An Investment Statement and the current Disclosure Statement are available from any branch of The Co-operative Bank or can be downloaded here.
Interest rates and fees are subject to change. For all lending products, The Co-operative Bank lending and insurance criteria, and fees, apply.
If a home loan is greater than 80% of the property's value, a low equity interest rate premium will apply and the revolving credit home loan will not be available.
The Co-operative Bank is registered as a bank by the Reserve Bank of New Zealand and is an entity trading (for the purposes of the Fair Trading Act 1986) under and pursuant to the Co-operative Companies Act 1996.