Co op Smart Saver

Published on 30 September 2010 by Raffick Marday

The Co-operative bank of UK is perhaps the only high street bank which bestows an Ethical Policy for all the customers. Hence, apart from money there are lots of added features that you are going to save with the Co op Smart Saver.

What benefits can you expect from the Co op Smart Saver?

Now, an individual is entitled to open a Smart Saver by depositing a minimal amount of ₤1. You are also liable to deposit a maximum amount of £1,000,000 into your instant savings account.

In addition, it actively pays the same rate of interest on each and every pound deposited in your account. Resembling with the attributes of the other savings accounts of the co operative bank, here also the interests are enhanced daily and are being paid on an annual basis.

Again, a minimal amount of 0.25% of Gross and AER will be applicable.

With the recent technological innovations, the internet and phone banking has attained huge popularity amongst the masses. The Co-operative bank is also not an exception in this regard. Now a person can enjoy the benefits of electronic transfers by telephone and can always administer the surveillance on his/her account from any corners of the globe.

Apart from this, by accessing the Automated Depository machine an individual can now pay the necessary amount of funds at ease. However, you must sincerely follow the instructions on the machine while depositing the money. You will be further benefited with the opportunity of accessing the cash which has been deposited in any of the local Co operative branches. You are also liable to withdraw and deposit the appropriate amount of funds from all the post offices spread throughout the nation. The cut off time for depositing and withdrawing the cash in a post office is 5.15 pm.

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