The move comes amid plans to reranded more than 600 Lloyds TSB and Cheltenham Gloucester branches as

The value of points will change each year depending upon the Co-op s financial performance, but will pay out dividends twice a year. The first payments under the redesigned scheme will take place in November 2013.
For instance, if the value of a point next year is decided at 1p, a customer with a current account will be awarded 1,200 points, which will be worth £12. The sum will be paid by the Co-op to the customer in November or June the following year.
The move comes amid plans to reranded more than 600 Lloyds TSB and Cheltenham Gloucester branches as TSB by the middle of 2013. The branches will then come under the ownership of The Co-op Bank in November when the £750m deal to buy the 632 branches is completed.
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