Terms and Conditions for Savings Plan competition

Definitions

Eligible Person means any person who is sent an Offer Letter by The Co-operative Bank and:

1. has an existing Savings Account; or
2. opens a new Savings Account between 1 April and 13 May 2011.

Grand Prize means a credit to match the amount deposited into the winner’s Savings Account (which made him or her eligible for the Grand Prize Draw) between 1 May and 30 November 2011, up to a maximum of $1,000, credited into the winner’s nominated Savings Account.

Grand Prize Draw means the prize draw for the Grand Prize.

Monthly Prize means $100 credited into the winner's nominated Savings Account.

Monthly Prize Draw means the prize draw for the relevant Monthly Prize.

Offer Letter means the letter entitled "We’d like to help you make this Christmas easier financially" sent by The Co-operative Bank between 1 and 30 April 2011 to selected members of The Co-operative Bank.

Prize means a Monthly Prize or the Grand Prize.

Savings Account means any of the following accounts at The Co-operative Bank:

1. Basic Saver; or
2. Step Saver; or
3. Online Account; or
4. Christmas Saver.

Terms

1. The competition, each Monthly Prize Draw and the Grand Prize Draw are governed by these terms and conditions. The Co-operative Bank reserves the right to change the terms and conditions from time to time without prior notice.
2. Each Eligible Person who, between 1 May and 30 November 2011:
   1. deposits a minimum of $40 in a calendar month into a Savings Account; and
   2. makes no withdrawals from that Savings Account during the same calendar month,
   will be entered into the Monthly Prize Draw that occurs in the month following the month that he or she complied with paragraphs a and b of this clause.
3. Each Eligible Person who complies with clause 2 for every calendar month in the period between 1 May and 30 November 2011 will be entered into the Grand Prize Draw.
4. If an Eligible Person fails at any point to comply with clause 2 in relation to a Savings Account, he or she will not receive an entry into the Grand Prize Draw for that Savings Account.
5. If an Eligible Person has complied with clause 2 in relation to more than one Savings Account, that Eligible Person will be entered once into each Monthly Prize Draw and the Grand Prize Draw for each of those Savings Accounts.
6. There will be seven Monthly Prize Draws and one Grand Prize Draw, drawn as follows:
   1. The first Monthly Prize Draw will be drawn on 10 June 2011, and the winner contacted by 24 June 2011.
   2. The second Monthly Prize Draw will be drawn on 8 July 2011, and the winner contacted by 22 July 2011.
   3. The third Monthly Prize Draw will be drawn on 12 August 2011, and the winner contacted by 26 August 2011.
   4. The fourth Monthly Prize Draw will be drawn on 9 September 2011, and the winner contacted by 23 September 2011.
   5. The fifth Monthly Prize Draw will be drawn on 14 October 2011, and the winner contacted by 28 October 2011.
   6. The sixth Monthly Prize Draw will be drawn on 11 November 2011, and the winner contacted by 25 November 2011.
   7. The Grand Prize Draw and the seventh Monthly Prize Draw will be drawn on 9 December 2011, and the winner contacted by 23 December 2011.
7. Each Prize will be deposited into the winner’s nominated savings account.
8. Where a Savings Account is held jointly by two or more persons, only the holders of that Savings Account that were sent an Offer Letter will be an Eligible Person in relation to that Savings Account.
9. Prizes are not transferable and The Co-operative Bank reserves the right to substitute any Prize for another Prize of equal or similar value.
10. The Co-operative Bank's decision on all matters relating to each Monthly Prize Draw and the Grand Prize Draw is final, and no correspondence will be entered into.
11. Employees of The Co-operative Bank, members of The Co-operative Bank employee’s household and the immediate family of each employee at The Co-operative Bank are excluded from each Monthly Prize Draw and the Grand Prize Draw.
12. Each Eligible Person authorises The Co-operative Bank to publish his or her name if he or she is a winner of a Monthly Prize Draw or the Grand Prize Draw for marketing and promotional purposes.

The Co-operative Bank's normal terms and conditions apply to the opening and operation of accounts and services, and can be found at www.co-operativebank.co.nz.

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