EXPIRED
Free Travel Insurance | Breakdown Cover | Mobile Insurance @ The Co-operative Bank
Free Travel Insurance | Breakdown Cover | Mobile Insurance @ The Co-operative Bank

Free Travel Insurance | Breakdown Cover | Mobile Insurance @ The Co-operative Bank

Banned
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.

11 Comments

Original Poster Banned

show me a better deal cold voters as I'm seriously interested in this

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" 12th Jan 2011

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" 12th Jan 2011

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.

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

Original Poster Banned

MAIA

looks like a good deal to me :)probably worth it if you can just put … 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

its the dd's i m worried about?

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" 12th Jan 2011

I think you will find you will need to have at least one DD or SO to make use of this offer.

where can i get the mobile insurance ONLY for £50?

expired online but i rang up today and applied over phone so still available
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