Step Saver Account: you don’t need a big balance to get a great rate
Great interest adds up
With a Step Saver you don't have to have a big balance to get a big rate. Interest is calculated daily and paid at the end of every month. You'll be surprised how quick it'll all add up.
Earn more as you go
As your balance gets bigger you’ll get an even better interest rate. There are three levels to help you save faster. You can keep track of how you're doing with regular statements that show how close you're getting to achieving your goal.
Bonus interest for regular savers
For every calendar month* that your balance increases (excluding interest) and no more than one withdrawal is made, you'll earn bonus interest on top of the standard Step Saver interest rate.
Save on fees
There are no monthly account keeping fees for active accounts. Any transaction fees that you may have incurred in a particular month**, for your Step Saver Account or any other The Co-operative Bank accounts with the same customer number, are waived if you maintain a balance of $5,000 in your Step Saver Account for that month.**
Open a Step Saver Account today
To open a Step Saver Account, drop into your local branch, or call us today on 0800 554 554.
*A month in this context runs from 8:00pm on the last day of the calendar month to 7:59pm on the last day of the next calendar month.
**For this purpose, a month runs from the 26th day of a calendar month to the 25th day of the following calendar month. Customers will need a transaction account with The Co-operative Bank for withdrawals or transfers to external bank accounts accounts.
Service fees may apply
Interest rates and fees are subject to change. An Investment Statement and the current Disclosure Statement are available from any branch of The Co-operative Bank or can be downloaded here. For all lending products, The Co-operative Bank lending and insurance criteria, and fees apply. If a home loan is greater than 80% of the property's value, a low equity interest rate premium, will apply.
