The Co-operative Bank
News and Updates
We’ve made some formatting changes to the Terms and Conditions – Products and Services brochure.
Although we’ve been operating as The Co-operative Bank for almost three years, we’re still working under the constitution adopted by PSIS. It’s been 10 years since the last update, and a lot has changed since then.
Our smartphone app is a great way to bank on the go, and now it’s even better thanks to a major update.
Our last Worth Knowing e-newsletter for 2014 centres on our investment in bricks and mortar and electronic banking to ensure that you have options as customers of The Co-operative Bank. Click here to read more about what we have been doing in 2014 and check out some of the special offers that we are promoting to our customers.
This year the Christmas and New Year holidays fall on a Thursday and Friday so we thought we’d better remind you that if you have any payments due on a weekend or on one of the public holidays your payments will be deducted from your account on that day. This affects all Automatic Payments, Loan Repayments, Future Payments and Immediate Payments.
- Brand awareness lifts
- Investing in products and services
- The environment
- Second quarter financial highlights
- Protecting our brand
- Updating our constitution
Our Chief Executive Bruce McLachlan talks to NZ Herald Journalist Christopher Adams about being a co-operative and what we’ve been up to lately.
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 2 years.
12 month term deposit. Minimum investment $5000. Interest is paid monthly or at maturity only
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.