Interest Rate Reduction

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0.25% pa Interest Rate Reduction*


On Business Loans, Home Loans and Personal Loans Effective 1st July 2020


In this time of extreme uncertainty, the Bank of the Cook Island's purpose remains intact, and our Team remain focused on preserving the financial and personal wellbeing of our Customers and People

BCI applauds the Cook Islands Government for establishing the pillars of the Phase II Covid-19 Economic Response Plan in support of both individuals and businesses as announced by the Minister of Finance Hon. Mark Brown. BCI remains committed to working in collaboration with Government and our regulator the Financial Supervisory Commission to finalise the details of the initiatives.


BCI's Board of Directors Management and Staff want to reassure our valued customers that we are working diligently to implement our BCI specific measures of support and services for our




             *Conditions apply 


Media Release

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           Continuing to serve and support the Cook Islands Economy and Your Financial Wellbeing.


The Board of Directors, Management & Staff of the Bank of the Cook Islands wish to convey to our Customers and our People of the Cook Islands our sentiments of gratitude and astounding respect with which we have all come together respectfully in this phenomenally extraordinary time.  In addition, to our Health professionals and the teams mobilised under the National Health Emergency Taskforce please accept our deepest appreciation for your tireless effort to keep our People safe. 

In this time of extreme uncertainty the Bank of the Cook Islands purpose remains intact, the financial and personal wellbeing of our Customers and People.  With this in focus we provide our rapid response to assist our Economy and Households through this immediate term impact of COVID-19.


Loan Customers

BCI extends an offerto all our Loan Accounts (i.e. Borrowers) for a three (3) months Grace  Period on scheduled Loan Repayments, no matter whether a personal loan, home loan, or business loan.

All Borrowers must contact our loans team by the 30thApril 2020, to accept this offer.  If Borrowers do not make contact, this offer cannot apply as there are    specific discussions and arrangements we will need to put in place with You or your Employer.

Where accepted the Grace Period shall come into effect end of day 31stMarch 2020, for the first loan repayment due from 1stApril 2020 to 30thJune 2020 inclusive.


Deposit Customers

There will be no immediate changes to any Term     Deposit interest rates, or our Savings Accounts fees or charges. 

You can continue to access your accounts 24 hours a day through BCIs My Internet Banking service and continue doing things like paying someone with a BCI account, even if they are in our Pa Enua, seeing your account balance and transactions and transferring money between your  BCI accounts.

Most importantly our Branches will remain open.  BCI has the largest branch network in the Cook Islands and we are keeping our people safe to ensure they are available to serve you.


BCI is Doing our Part

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Kia Orana,

At BCI, our priority is serving diligently our Customers and the Communities we operate in. We seek to provide a safe environment for our customers and our Team and in times such as these, it is our role and responsibility to do our best to ensure we can provide access to the products and services you need, while doing everything we can to keep our Customers and our Team safe and healthy.

We want to share some of the things we're doing to ensure everyone who comes into our branches, or who works with us are safe, as well as to do our bit to prevent the spread of Coronavirus COVID-19.

Firstly we are following the advice of the Cook Islands Ministry of Health and their recommendations for minimizing the spread of this virus.

Over the past few weeks we have taken a range of precautionary measures firstly here in Rarotonga, and soon across our branches,

  • Increased cleaning and sanitization of our offices
  • Preparing our teams to ensure the health and safety of everyone.
  • Asking any team members displaying flu like symptoms to refrain from coming to work and ensure none of our team members are disadvantaged through this process.

We will continue to actively monitor the situation and act quickly and decisively on the advice of our health authorities. This may mean that things look a little different in our branch next time you visit, as we take additional precautions. We appreciate your patience and your support as our Customer.

We urge our Customers to take advantage of our electronic banking services especially if you’re feeling unwell or concerned about contracting the Coronavirus. Minimize the risk on your health and access your accounts 24 hours a day via

  • Online through My Internet Banking (MyIB);
  • Everyday Card; and
  • Vaka Debit Mastercard.

Our team are available to help Customers who are unfamiliar with our electronic banking services. If you haven’t already we encourage you to sign up TODAY!

As circumstances continue to develop, one thing will remain the same: we will make our decisions with the health, safety and wellbeing of our Customers, Team and Communities as our highest priority. So please keep in touch with us via our Facebook page (search Bank of the Cook Islands) or email: call us on 29341.

Meitaki Ma’ata,

Board of Directors, Management & Staff of the Bank of the Cook Islands


Balance for Better Campaign

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Campaign theme is #BalanceforBetter

A balanced world is a better world. How can you help forge a more gender-balanced world?
Celebrate women's achievement. Raise awareness against bias.

Read more: Balance for Better Campaign


Balance for Better Campaign

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Campaign theme is #BalanceforBetter


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Local people, local bank... some things just go better together