Benefits
With a Privilege current account you’ll enjoy a wide range of discounts and benefits which could save you hundreds of pounds each year…
UK and European motor breakdown cover
Worldwide family travel insurance
Mobile phone insurance
Privilege and Privilege Premier current account Smartsave card
£300 interest and fee-free overdraft
Privilege Savings account
Free legal advice without the jargon
20% discount on home insurance provided by The Co-operative Insurance
UK and European motor breakdown cover
Our comprehensive motor breakdown cover is designed to keep your vehicle on the road both at home and abroad so you don’t have to worry about any technical hitches. And if for some reason your car cannot be fixed the same day, it guarantees full recovery for you and your vehicle to either your intended destination or your home. If appropriate it also provides overnight accommodation for you and your passengers. We think it’s much more reassuring that way.
- Over 2 million drivers in the UK have 24-hiour access to our extensive range of motor assistance services, 365 days a year.
- Average response time of 40 minutes
- We fix 80% of vehicles that can be repaired at the roadside.
UK and European motor breakdown assistance provided by AXA Assistance
Worldwide family travel insurance
You and your family can have complete, peace-of-mind protection wherever and whenever you travel. Your worldwide travel insurance is active immediately and you can use it for as long as you have a Privilege current account. Unlike some policies, our insurance cover also includes personal belongings, scuba diving, golf and winter sports. So whether you’re staying in the UK or planning to go further afield, you can be sure that we’ve got everything covered.
provided by AXA Travel Insurance and underwritten by Inter Partner Assistance Irish Branch.
Mobile phone insurance
Apart from the inconvenience, theft or loss of your mobile phone can prove expensive. That’s why it’s good to know that you won’t lose out should your phone get stolen, lost or damaged.
- Insures up to 4 handsets to the value of £600 including VAT per phone so your family in your household can also benefit.
- Covers the cost of repair or replacement in the event of theft, loss, accidental damage, water and liquid damage, malicious damage and electrical or mechanical breakdown.
- Includes mobile phone accessories up to £250 including VAT, per claim for all your little extras that cam with the phone.
- You are insured against unauthorised calls up to £1,500 including VAT, for monthly contract phones, and up to £100, including VAT, for pay-as-you-go phones per claim.
- Worldwide cover so you don’t have to worry about losing the phone while abroad. Repair or replacement will be arranged upon return to the UK.
- A policy excess of only £25 per claim.
- This fantastic policy also covers personal digital assistant (PDA) handsets.
- Subject to a 14 day registration period, Terms & Conditions apply.
Once your account is open, you can register your mobile phone by visiting
co-operativebank.co.uk/benefits
Mobile phone insurance provided by Lifestyle Services Group and insured by London General Insurance Company.
Privilege and Privilege Premier current account Smartsave card
Your Privilege and Privilege Premier current account Smartsave card entitles you and up to 5 friends or family up to a great 20% discount on entry to over 200 fantastic leisure attractions across the UK. You can also make substantial savings on everything from car hire to online gifts. In addition, your Smartsave card saves you up to a massive 55% off bookings with some of the leading names in travel, including Thomson, Airtours, Thomas Cook and Virgin Holidays – so you can get away from it all for a lot less.
£300 interest and fee-free overdraft
With a Privilege Premier account, you can take advantage of a higher interest and fee-free overdraft. In addition, preferential rates are available if you need a higher limit and wish to apply for a formal overdraft. Please refer to the enclosed Account Charges leaflet for details.
Find out more about overdraft Account Charges (PDF - 0.1Mb).
Privilege Premier Savings account
Earn a higher rate of interest with your Privilege Premier Savings account.
Your Privilege Premier current account is linked to a Privilege Premier savings account, which we open automatically. You can transfer funds easily and you’ll earn even more on the money you save.
On balances up to £100,000 it pays a rate of interest guaranteed to track 0.1% below the Bank Of England Base Rate for the life of your Privilege Premier current account.
Having a Privilege Premier Savings account means that you won’t have to spend time looking for a great place to put your money. All you have to do is sit back and relax knowing it’s earning you a good rate for as long as you keep your Privilege Premier current account.
Find out our current Privilege Premier Savings rates
Free legal advice without the jargon
Whether you need help with employment matters, personal injury, medical negligence or tax and property issues, The Co-operative Legal Services, which is part of The Co-operative group, is just a phone call away. In fact whatever the problem, you can call our helpline on 0845 603 7035, 24 hours a day, 7 days a week. This helpline is provided by Co-operative Legal Services.
20% discount on home insurance provided
by The Co-operative Insurance
With 20% off your first year’s premium we’ve made it easy and affordable for you to ensure your home is well protected. This discount is only available when you call 08457 46 46 46 and quote BNKAC.
- Up to £500,000 rebuilding costs cover as standard (higher limits available on request).
- No Claim Discount of up to 40% for buildings and contents plus the option to protect once the full entitlement has been earned.
- Pay monthly by Direct Debit or annually by debit/credit card.
- Free Legal Expenses Insurance, up to £50,000.
- Free HomeRescue Emergency Helpline.
- You could ear 500 Co-operative membership points with a home insurance policy provided by The Co-operative Insurance. Find out more
With our Privilege Premier current account, you’ll enjoy all the fantastic money-saving benefits you get with our Privilege current account – you’ll also get a host of extra benefits that could save you even more money.
Please read the following documentation before applying for a Privilege Premier current account. (These will open as PDFs in new windows).
- Terms and Conditions (PDF - 0.1Mb)
- Account Charges (PDF - 0.1Mb)
- Linked savings rates (PDF - 0.1Mb)
- Policy summary (PDF - 0.3Mb)
- Full Policy (PDF - 1.3Mb)
- Bundle summary (PDF - 0.2Mb)
