3.85% Variable Gross Interest*/AER†

Interest is calculated on a daily basis, and is paid gross (without deduction of tax) annually on 31st March into your associated Cumberland Plus or Freedom Apprentice current account.

Yes – The rate of interest paid on money in your account is variable and may be changed by us. Where we do so, we will give you reasonable notice in advance of the change.

Examples of when changes may happen include a change in the Bank of England base rate, or market condition changes such as, general interest rates changes on similar accounts offered by other savings account providers.

For further details, please read clause 8.7-8.9 in our Savings & Current Account Terms & Conditions leaflet.

If £1,000 was deposited in the account on opening on 1 April, assuming no further deposits or withdrawals are made, on 31 March the account balance, including interest, would be £1,038.50.

This account is available to open for internet enabled, Cumberland Plus and Freedom Apprentice current account customers. The account can be opened at any Cumberland branch or on internet banking.

• Minimum balance £1
• Maximum balance £50,000

Only one sole account or one joint account per customer.

The minimum balance must be maintained in the account. If the account balance falls below this at any time, the account may be closed.

You can manage your account by using the Cumberland Internet Banking service or the Cumberland Mobile Banking App.

Yes – Instant access withdrawals via online transfer to your Cumberland current account.

Withdrawals are not permitted by direct debit, standing order, regular internal transfer or faster payments.

If you close or de-register your internet banking Cumberland Plus and Freedom Apprentice current account your eSavings account will, in the absence of any alternative instructions, be closed.

No bonus payment applies to this account.

For full details of our Variable Rate products please refer to our separate leaflet. Download leaflet