The Co-operative Bank boosts cash ISA range

Wednesday, 22 February 2012 11:08

The Co-operative Bank has launched two ISAs aimed at rewarding existing customers with preferential rates.

The Select Access Cash ISA offers a fixed return of 2.25 per cent and allows savers to make two withdrawals a year with no impact on the interest rate.

Customers do not need to notify the bank in advance of making a withdrawal and the minimum amount required to open the account is £500.

For those who want a higher rate of interest, the 18 Month Fixed Rate Cash ISA pays 2.9 per cent for existing ISA savers and current account holders, and 2.7 per cent for new customers.

The Co-operative said that 87 per cent of customers have yet to invest their full 2011-12 ISA allowance.

Zack Hocking, head of savings, said: “With the end of the tax year looming we want to reward our customers by offering them our best savings rates and a range of new products to suit their requirements.

“Many banks reserve their best deals for new customers only but our cash ISA range has been designed with those who already bank with us in mind.”


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