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The Co-operative Bank

7 products we hold published figures for

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Everything on this page is taken from The Co-operative Bank's own published pages. Nobody there has reviewed or supplied it, and we are not them.

We hold figures for 7 of their products, each with the date it was read. If one is out of date, the page it came from is linked beside it.

Products we track

Everyday accounts

1 product

Electronic

No monthly account fee · None

FeeNo monthly account feeTxnsNo electronic fee, $5 branchSourceInterestNoneOverseas1.90% on Debit MastercardSource

Conditions

Branch cash deposits are free, and staff-assisted or phone transactions may incur a fee.
The bank states outright that no interest is paid on credit balances, which is a published nil rather than an absence.
The $5 branch cash withdrawal and the free cash deposit come from the bank's 14 October 2025 fee-change notice; the 1.90% conversion commission is published on the Debit Mastercard page rather than the account page.

Checked 17 September 2026

Source

Savings accounts

3 products

Online Account

1.10% p.a. on every dollar · Not published

Base rate1.10% p.a. on every dollarBonus rateNone.Bonus conditionsNone.TotalNot publishedNoticeOn call; unlimited accessFeesNo monthly or transaction fees

Conditions

The savings rates are on the Save and invest tab of the rates page, which opens on home loan rates; these figures were read there.
The bank's savings-accounts page names this the Online Saver and states the same rate on every dollar, but does not print the rate; the rate is on the rates page.
Interest is calculated daily and paid monthly.
The same rate is paid on every dollar.

Checked 9 October 2026

Source

Step Saver

0.60% p.a. on every dollar · 2.40% published total with bonus

Base rate0.60% p.a. on every dollarBonus rate1.80% p.a. bonus interestBonus conditionsBalance must rise; one withdrawal maxTotal2.40% published total with bonusNoticeOn call; two withdrawals forfeit bonusFeesNo monthly account fees

Conditions

The savings rates are on the Save and invest tab of the rates page, which opens on home loan rates; these figures were read there.
The bank's savings-accounts page still states a 1.45% bonus rate where the rates page, last updated 4 September 2026, states a 1.80% bonus and a 2.40% total; the rates page figure is carried here.
The balance, excluding interest, must be higher at month end than at the start.
No more than one withdrawal in the month.
The 2.40% published total is the rate with bonus interest.

Checked 9 October 2026

Source

Prize Draw Saver

0.35% p.a. on every balance · Not published

Base rate0.35% p.a. on every balanceBonus rateNone.Bonus conditionsNone.TotalNot publishedNoticeOn call; withdrawals may affect drawFeesNo monthly or transaction fees

Conditions

The savings rates are on the Save and invest tab of the rates page, which opens on home loan rates; these figures were read there.
Interest is paid annually on 31 March.
The monthly prize draw is a feature, not a rate condition.
Withdrawals may affect prize draw eligibility.

Checked 9 October 2026

Source

Term deposits

1 product

Term Deposit

3.60% p.a. · 4.10% p.a.

3 mo3.00% p.a.6 mo3.60% p.a.9 mo3.75% p.a.12 mo4.10% p.a.18 mo4.30% p.a.24 mo4.40% p.a.5 yrnot-published

Conditions

Minimum deposit: $2,000. Maximum $2,000,000.
Interest paid: Monthly interest, or compounded and paid at the end of the term. The product page states interest can be paid monthly if it is not compounded.Source
Early withdrawal: Allowed at the bank's discretion and may result in a reduced return; early withdrawal criteria and fees apply.
The rates page renders one tab at a time and opens on borrowing: the term deposit rates are behind the Save and invest tab, which is how they were read.
The bank publishes no 5-year term. Its longest term is 48 months at 4.70% p.a., so the 5-year cell is not-published.
The rates page states terms run from one month to four years, and that a term not listed usually earns the next shortest listed term's rate.

Checked 9 October 2026

Source

Youth accounts

2 products

Youth account (Dollars and Sense and Dosh)

No account, transaction or service fees. The Co-operative Bank states under-18s are not charged them on any accounts they have with it. · 2.80% p.a. on the first $4,000, then 0.75% p.a. on every $1 above $4,000. Interest is calculated daily and paid monthly.

AgeTwo accounts split by age: Dollars and Sense for 0 to 12 year olds and Dosh for 13 to 17 year olds. A parent or guardian sets it up at a branch. One youth account per customer.Monthly feeNo account, transaction or service fees. The Co-operative Bank states under-18s are not charged them on any accounts they have with it.Interest2.80% p.a. on the first $4,000, then 0.75% p.a. on every $1 above $4,000. Interest is calculated daily and paid monthly.SourceBonus conditionsNone. The rate is stepped by balance rather than conditional on a deposit or a no-withdrawal month.CardAn EFTPOS card or Debit Mastercard. The bank states the parent or guardian can give the young person more access, including a card, as they learn to manage money.At the limitThe bank's fee brochure states a customer starts paying all transaction and service fees from the month after their 18th birthday; the fee brochure also notes the Debit Mastercard annual fee is waived while under 18.

Conditions

The rates page renders one tab at a time: home loan rates open by default and the savings rates, including this account's 2.80% and 0.75%, are on the Save and invest tab. Selecting it is how these figures were read.
The Youth page states the 2.80% rate on the first $4,000; the 0.75% step above $4,000, the monthly payment and the stepped basis are published on the bank's rates page.
The rates page figure sits in the 'Save and invest' tab, which the page loads on selection rather than in its opening text.

Checked 9 October 2026

Source

Tertiary Student Package

No transaction fees on an everyday account for an eligible full-time tertiary student. · The package's savings account is Dosh, at the youth rate: 2.80% p.a. on the first $4,000 and 0.75% p.a. on every $1 above $4,000.

AgeFor people studying full-time at a recognised New Zealand tertiary institution. The bank does not publish an age range.Monthly feeNo transaction fees on an everyday account for an eligible full-time tertiary student.InterestThe package's savings account is Dosh, at the youth rate: 2.80% p.a. on the first $4,000 and 0.75% p.a. on every $1 above $4,000.SourceBonus conditionsNone. The rate is stepped by balance rather than conditional on a deposit or a no-withdrawal month.CardA Debit Mastercard with the annual fee waived.At the limitNot published. The package is gated on full-time study rather than age and the page does not state when the student stops being eligible.

Conditions

The package is a fee waiver on an everyday account plus access to Dosh; the Dosh rate is the same one the Youth account row carries.
The rates page renders one tab at a time: home loan rates open by default, and the Dosh figures this row carries, 2.80%, $4,000 and 0.75%, are on the Save and invest tab. Selecting it is how these figures are read, and the Youth account row says the same thing about the same page.

Checked 9 October 2026

Source

SourceEvery figure on this page was read from The Co-operative Bank's own published pages. We are not The Co-operative Bank and this page is not theirs.

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The facts

Products we hold figures for

Oldest figure here

17 September 2026

Read from

4 pages they publish

How we check these