The Co-operative Bank
News and Updates
We’ll soon upgrade the security certificates for our internet banking site. If you're using an older smartphone or internet browser it may be time to update.
- Brand awareness lifts
- Investing in products and services
- The environment
- Second quarter financial highlights
- Protecting our brand
- Updating our constitution
Today we’re happy to announce that The Co-operative Bank is opening its newest branch at 109 Queen Street. We’re having an opening event at 11am, and activities around the Auckland CBD to get people excited. Auckland commuters will be entertained throughout the day by musical “reverse buskers”, who will play music and give away $50 vouchers. When someone joins the bank and sets up a new transaction or savings account at the 109 Queen Street branch, we’ll deposit the money into that account.
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.
This year, the Bank is helping The Neonatal Trust with its annual campaign, Small Change Big Difference, which runs from 1-17 November 2014.
The Auckland Central branch will be in a temporary location until Friday 14 November.
The location is Level 3, DLA Phillips Fox Tower (Tower 2), 205 Queen Street.
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.
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.
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.
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.
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.