Free Travel Insurance | Breakdown Cover | Mobile Insurance @ The Co-operative Bank - HotUKDeals
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Ethical bank Co-op's Privilege Premier* account normally charges £13/mth for a selection of perks, but is waiving the fee if you switch to it before 15 January 2011. Co-op is also one of the best performing banks in customer service surveys (see below).

You must pay in £800/mth to get this account (equivalent to a salary of £11,200). It doesn't pay any in-credit interest, but does have a 0% overdraft of £300 - above that you'll pay 15.9% EAR. You can operate it any way you wish: online, in branch, or by phone/post.

The usual £156 yearly cost gets you an array of benefits; probably not worth it at full price, but a great deal while it is free - if you need them. Once the year is up, you can downgrade to a free bank account from Co-op, or switch to another bank. The perks are:

*

Travel Insurance. You get a worldwide family policy for the year, including winter sports cover. The cheapest you could normally get this for is £54 (read full Travel Insurance guide).

*

Breakdown cover. This is a Europe-wide policy that covers you if a vehicle breaks down - worth about £60 (read full Roadside Recovery guide).

*

Mobile phone insurance. This covers repair or replacement after theft, loss or damage, and insures four handsets up to value of £600 in total (so iPhones are possible). To buy this separately, the cheapest price would be around £50.

Technically this works by the £13 fee being taken from your account, then refunded back to you, but the overall cost is zero.
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csiman Avatar
banned5y, 10m agoFound 5 years, 10 months ago
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(11) Jump to unreadPost a comment
Comments/page:
banned#1
show me a better deal cold voters as I'm seriously interested in this
#2
Hot from me, worth it for the breakdown cover alone. If I'd not just gone with the AA I'd seriously consider it. Just a shame you've got to close it at the end of the year or get charged the monthly fee.

Edit: Forgot to say, their Customer Service is excellent, so I'm told, and that's worth the fee in my book!

Edited By: FrootCake on Jan 12, 2011 14:40
#3
csiman
show me a better deal cold voters as I'm seriously interested in this

Personally I can't be arsed to change my bank account over for just one year as will have to do the same again later or pay the £13 fee when the offer is over (although didn't vote either way)


Edited By: cdm22 on Jan 12, 2011 14:42
#4
sounds a brilliant deal - people need to be money smart - write on your calender at the beginning of Dec to cancel the co-op bank and that way no accidental charges incurred.
#5
looks like a good deal to me :)
probably worth it if you can just put £800 in every month, then take it out again ;)

That isn't really so much trouble in return for all the free insurance.

If it means changing all your standing orders and direct debits over tho', then that is a pain (_;)

Voted hot anyway, might have a look into this :)
banned#6
MAIA
looks like a good deal to me :)
probably worth it if you can just put £800 in every month, then take it out again ;)

That isn't really so much trouble in return for all the free insurance.

If it means changing all your standing orders and direct debits over tho', then that is a pain (_;)

Voted hot anyway, might have a look into this :)

Great minds! Its not that tricky really to set up an £800 DD for the year then cancel
#7
its the dd's i m worried about?
#8
it says -

2) To qualify for the offer customers must:
Credit a minimum of £800 per month into the account.
Use the dedicated switching service to successfully transfer their Direct Debits and standing orders

Edited By: bulktrans on Jan 12, 2011 23:10
#9
I think you will find you will need to have at least one DD or SO to make use of this offer.
suspended#10
where can i get the mobile insurance ONLY for £50?
#11
expired online but i rang up today and applied over phone so still available

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