Major bank offers Brits £200 boost but there is just one catch

Customers of the major banks cansave £200 with a new offer from Co-op Bank. The bank is offering thefirst three months free on its Everyday Extra packaged account - a current account that comes with additional benefits. This account usually carries a £18 per month charge but includes various extras such as travel insurance and phone insurance. Co-op suggests that customers could save around £200 a year compared to purchasing these types of insurance separately.

And if you open a joint account, both individuals can access the benefits. The new offer introduced by Co-op allows new customers to utilise the account, and receive the benefits, free of charge for the first three months.

READ MORE: Lloyds Bank offering £190 boosts but only to some customers

But once the period is up - they will need to start paying the £18 charge, reports Birmingham Live. John Ward, Chief Commercial Officer, said: "This is a great choice of bank account for couples or for anyone travelling several times a year.

"So whether you're planning a romantic city break in Paris or a week by the pool in Spain, with Everyday Extra you can be sure that you're covered."

"With the price of everyday insurance climbing, we're giving our customers the first three months of perks on us to help make the summer holidays that little bit more affordable."