Fixed Interest Fixed Term Accounts

Important Information: New customers must live within our operating area to open a Savings account.

Fixed rate savings accounts give you certainty of the rate you will earn over the term of your account.

They generally offer higher interest than more accessible accounts so are good if you know you do not need to access your money soon (you cannot withdraw before maturity date on any of our fixed rate accounts but may transfer earlier to another provider if you have a fixed rate ISA, subject to a loss of some interest). These accounts can allow you to save for longer term goals.

Summary Box

1 Year Fixed

2 Year Fixed

5 Year Fixed

Account Name	One Year Fixed Interest Fixed Term
What is the interest rate?	3.85% Fixed Gross Interest¹/AER²until 28 January 2026 Interest is calculated daily and paid annually on 31 December. If the account is closed at maturity, any additional interest due will be paid at the time of closure. Interest is added to the account. Alternatively, interest can be transferred to another Cumberland account or to an account with another provider.
Can Cumberland Building Society change the interest rate?	No – The rate of interest on this account is fixed and cannot be changed by us during the period of your fixed term. For further details, please read clause 8.7-8.9 in our Savings & Current Account Terms & Conditions leaflet.
What would the estimated balance be after 12 months based on a £1000 deposit?	Assuming no further deposits or withdrawals are made, if £1000 was deposited into the account upon opening, the account balance (including interest) would be £1,038.50 after 12 months.
This figure is for illustrative purposes only.
How do I open and manage my account?	This account is available to open for new and existing Cumberland customers at any Cumberland branch. New customers must live within our operating area. For details of our operating area, please visit cumberland.co.uk/savings/faqs The minimum opening balance for this account is £1000. Additional deposits can be made into the account until such a point that the specific issue is no longer on sale. At any point, and without notice, we may close a specific Fixed Interest Fixed Term issue to further deposits, after which no new or additional deposits will be accepted into the account. The maximum balance for this account is £500,000 (£1,000,000 for joint accounts). Your Fixed Interest Fixed Term Account will mature at the end of the agreed investment term. Shortly before the end of the fixed term we'll contact you with details of the options available to you for your maturing account. One of these options may be to extend your investment for a further fixed term. No bonus payment applies to this account. You can manage this account by: Using the Cumberland Internet Banking service or Mobile Banking App (providing you have an internet enabled current account) or by visiting any Cumberland Branch.
Can I withdraw money?	No - it's not possible to withdraw from, transfer or close the account before the maturity date of the Fixed Interest Fixed Term Account. Penalty free withdrawals are permitted on the specified maturity date. You'll be able to withdraw your investment or transfer to an alternative account without penalty on the maturity date, providing you inform us before your maturity date. If we receive no instruction on or before the maturity date, and a further Fixed Interest Fixed Term Account is available, your investment will be automatically rolled over onto the available Fixed Interest Fixed Term, which will subject to the Terms and Conditions applicable to the new account. Terms and Conditions for the new account will be supplied before the maturity of your existing account. It is therefore important for you to provide your instructions on or before your maturity date if you wish to make alternative arrangements.
Additional Information	For full details of our Fixed Rate products please refer to our separate leaflet. Download leaflet

1. Gross interest is the contractual rate of interest payable (without deduction of tax) and you will be responsible for paying any tax you owe on interest as per your individual personal savings allowance.

2. Annual equivalent rate (AER) illustrates what the interest rate would be if interest was paid and added each year

3. Tax Free rate of interest is the rate payable, under current legislation, where interest is exempt from income tax. (Your tax benefits will be lost if your ISA ceases to be tax exempt).

Account Name	Two Year Fixed Interest Fixed Term
What is the interest rate?	3.95% Fixed Gross Interest¹/AER²until 28 January 2027. Interest is calculated daily and paid annually on 31 December. If the account is closed at maturity, any additional interest due will be paid at the time of closure. Interest is added to the account. Alternatively, interest can be transferred to another Cumberland account or to an account with another provider.
Can Cumberland Building Society change the interest rate?	No – The rate of interest on this account is fixed and cannot be changed by us during the period of your fixed term. For further details, please read clause 8.7-8.9 in our Savings & Current Account Terms & Conditions leaflet.
What would the estimated balance be after 24 months based on a £1000 deposit?	Assuming no further deposits or withdrawals are made, if £1000 was deposited into the account upon opening, the account balance (including interest) would be £1,080.56 after 24 months.
This figure is for illustrative purposes only.
How do I open and manage my account?	This account is available to open for new and existing Cumberland customers at any Cumberland branch. New customers must live within our operating area. For details of our operating area, please visit cumberland.co.uk/savings/faqs The minimum opening balance for this account is £1000. Additional deposits can be made into the account until such a point that the specific issue is no longer on sale. At any point, and without notice, we may close a specific Fixed Interest Fixed Term issue to further deposits, after which no new or additional deposits will be accepted into the account. The maximum balance for this account is £500,000 (£1,000,000 for joint accounts). Your Fixed Interest Fixed Term Account will mature at the end of the agreed investment term. Shortly before the end of the fixed term we'll contact you with details of the options available to you for your maturing account. One of these options may be to extend your investment for a further fixed term. No bonus payment applies to this account. You can manage this account by: Using the Cumberland Internet Banking service or Mobile Banking App (providing you have an internet enabled current account) or by visiting any Cumberland Branch.
Can I withdraw money?	No - it's not possible to withdraw from, transfer or close the account before the maturity date of the Fixed Interest Fixed Term Account. Penalty free withdrawals are permitted on the specified maturity date. You'll be able to withdraw your investment or transfer to an alternative account without penalty on the maturity date, providing you inform us before your maturity date. If we receive no instruction on or before the maturity date, and a further Fixed Interest Fixed Term Account is available, your investment will be automatically rolled over onto the available Fixed Interest Fixed Term, which will subject to the Terms and Conditions applicable to the new account. Terms and Conditions for the new account will be supplied before the maturity of your existing account. It is therefore important for you to provide your instructions on or before your maturity date if you wish to make alternative arrangements.
Additional Information	For full details of our Fixed Rate products please refer to our separate leaflet. Download leaflet

1. Gross interest is the contractual rate of interest payable (without deduction of tax) and you will be responsible for paying any tax you owe on interest as per your individual personal savings allowance.

2. Annual equivalent rate (AER) illustrates what the interest rate would be if interest was paid and added each year

3. Tax Free rate of interest is the rate payable, under current legislation, where interest is exempt from income tax. (Your tax benefits will be lost if your ISA ceases to be tax exempt).

Account Name	Five Year Fixed Interest Fixed Term
What is the interest rate?	3.40% Fixed Gross Interest¹/AER²until 28 January 2030. Interest is calculated daily and paid annually on 31 December. If the account is closed at maturity, any additional interest due will be paid at the time of closure. Interest is added to the account. Alternatively, interest can be transferred to another Cumberland account or to an account with another provider.
Can Cumberland Building Society change the interest rate?	No – The rate of interest on this account is fixed and cannot be changed by us during the period of your fixed term. For further details, please read clause 8.7-8.9 in our Savings & Current Account Terms & Conditions leaflet.
What would the estimated balance be after 60 months based on a £1000 deposit?	Assuming no further deposits or withdrawals are made, if £1000 was deposited into the ccount upon opening, the account balance (including interest) would be £1,181.96 after 60 months.
This figure is for illustrative purposes only.
How do I open and manage my account?	This account is available to open for new and existing Cumberland customers at any Cumberland branch. New customers must live within our operating area. For details of our operating area, please visit cumberland.co.uk/savings/faqs The minimum opening balance for this account is £1000. Additional deposits can be made into the account until such a point that the specific issue is no longer on sale. At any point, and without notice, we may close a specific Fixed Interest Fixed Term issue to further deposits, after which no new or additional deposits will be accepted into the account. The maximum balance for this account is £500,000 (£1,000,000 for joint accounts). Your Fixed Interest Fixed Term Account will mature at the end of the agreed investment term. Shortly before the end of the fixed term we'll contact you with details of the options available to you for your maturing account. One of these options may be to extend your investment for a further fixed term. No bonus payment applies to this account. You can manage this account by: Using the Cumberland Internet Banking service or Mobile Banking App (providing you have an internet enabled current account) or by visiting any Cumberland Branch.
Can I withdraw money?	No - it's not possible to withdraw from, transfer or close the account before the maturity date of the Fixed Interest Fixed Term Account. Penalty free withdrawals are permitted on the specified maturity date. You'll be able to withdraw your investment or transfer to an alternative account without penalty on the maturity date, providing you inform us before your maturity date. If we receive no instruction on or before the maturity date, and a further Fixed Interest Fixed Term Account is available, your investment will be automatically rolled over onto the available Fixed Interest Fixed Term, which will subject to the Terms and Conditions applicable to the new account. Terms and Conditions for the new account will be supplied before the maturity of your existing account. It is therefore important for you to provide your instructions on or before your maturity date if you wish to make alternative arrangements.
Additional Information	For full details of our Fixed Rate products please refer to our separate leaflet. Download leaflet

1. Gross interest is the contractual rate of interest payable (without deduction of tax) and you will be responsible for paying any tax you owe on interest as per your individual personal savings allowance.

2. Annual equivalent rate (AER) illustrates what the interest rate would be if interest was paid and added each year

3. Tax Free rate of interest is the rate payable, under current legislation, where interest is exempt from income tax. (Your tax benefits will be lost if your ISA ceases to be tax exempt).

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