Co-operative Bank bucks the trend, raises six-month deposit rate
The Co-operative bank has cut its floating mortgage rate, conforming to expected behaviour, but is perversely raising its six-month deposit rate - with special audio feature.
Click the NBR Radio box for on-demand special feature audio: The Co-operative chief executive Bruce McLachlan explains the marketing opportunity his bank is grabbing.
It’s an expected ritual after the Reserve Bank lowers the cost of borrowing: all the banks start announcing cuts to their mortgage
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Jenny Ruth
Thu, 10 Dec 2015
Thu, 10 Dec 2015
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Co-operative Bank bucks the trend, raises six-month deposit rate
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