Co-op push up fixed term savings rates by up to 0.7%

The Co-operative bank has announced details of increases to the rates it offers on fixed-term deposit savings bonds.

The new rates for its one-year fixed term deposit savings account is up from 2.50 per cent to 3.21 per cent, its two year product increases from three per cent to 3.50 per cent and the interest rate attached to its three-year fixed term deposit deal rises from 3.31 per cent to 3.75 per cent.

The new rates are available from Friday 15th June from all Co-operative and Britannia bank branches or they can be opened online or by phone.

Zack Hocking, Head of Savings at The Co-operative Bank said: "At a time when many savings providers are cutting rates we believe these changes will help savers to find a new home for their money.

"Customers can also bank on market leading levels of customer service and rest assured that their money will be invested in line with the Co-operative Bank's socially responsible principles."

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