New ISAs on offer to Co-op Bank customers

Co-operative Bank customers are now able to access fixed rate savings for the first time.

A new range of saving accounts are now available to Co-operative Bank customers following its merger with Britannia.

Customers will now be able to take out one of two Britannia ISAs at any branch of the Co-operative Bank.

Consequently, people now have the choice to take out a two-year fixed rate ISA paying three per cent interest on a minimum balance of £3,600.

In addition, a one-year fixed rate ISA is on offer, which provides one of the best isa rates for this term, at 2.6 per cent rate of return.

It is the first time that fixed rate savings products have been made available through the Co-operative Bank.

John Hughes, business leader of retail products for the bank, states: "It's great that so soon after the merger our savers are already able to see the benefits with these two new products."

Earlier this year, Co-op Current Accounts revealed the number of people switching their current accounts to those provided by the bank rose 123 per cent during the 12 months leading up to March 2009.

Alliance & Leicester have recently launched an account offering customers £100 cashback for switching from another provider and banking with them.