Co-operative Everyday Rewards

kuepper

Rates going down again from max £5 pcm, currently £2 pcm plus 5p / transaction up to 60 transactions

We are making some changes to Everyday Rewards from 1st July 2021. You’ll be able to be rewarded up to £2.20 each month (£1 for qualifying plus an additional 2p for each debit card transaction, up to the maximum of £1.20).

colsten

Race to the bottom.

ZeroSum

Barely worth having. I'll be lucky to get £1.20 back on that now that the spending threshold to what I spend on everyday rewards & credit card is going to shift in favour of spending more on cashback credit card

GTR_King

So there basically no Reward Current Accounts out there at the moment, Might have to close Co-Op account or move is else where 

ZeroSum

GTR_King said:

So there basically no Reward Current Accounts out there at the moment, Might have to close Co-Op account or move is else where 

Co op is still paying rewards just a reduced value. 

Also halifax has a reward account 

General_Grant

TSB Spend and Save current account - free one has reward for first six months.

GTR_King

I have Halifax Reward/Club Lloyds 

Will probably keep it for now maybe once things pick up again there rate will go back up

gsmh

colsten said:

Race to the bottom.

How so? I have no problems with banks not offering rewards. I pay £3 a month for my current account. 

colsten

GTR_King said:

So there basically no Reward Current Accounts out there at the moment, Might have to close Co-Op account or move is else where 

Apart from Halifax and TSB, there are also RBS and Natwest.

GTR_King

yep there sure is