Important Information: New customers must live within our operating area to open a Savings account.
Save with us and support local clubs and charities including Eden Valley Hospice and Hospice At Home.
Instant access account
Variable interest rate up to 3.65% Gross interest(1)/AER(2)
Carlisle United benefit from an annual donation from The Cumberland equivalent to 1% of the total average balance of all Cumberland Blues savings accounts during the year.
Instant access account
Variable interest rate up to 3.65% Gross interest(1)/AER(2)
Eden Valley Hospice and local Hospice At Home services benefit from an annual donation from The Cumberland equivalent to 1% of the total average balance of all Cumberland Hospices accounts during the year.
The Cumberland Building Society has reaffirmed its commitment to local hospices by making a generous donation of £43,000 on behalf of its Affinity Account savers.
| Account Name | Cumberland Blues (Issue 5) |
| What is the interest rate? | 3.65% Variable Gross Interest*/AER† Interest is calculated daily, and is paid gross (without deduction of tax) annually on 31st March. |
| Can Cumberland Building Society change the interest rate? | 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. |
| What would the estimated balance be after 12 months based on a £1,000 deposit? | 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 £1,036.50. This figure is for illustrative purposes only. |
| How do I open and manage my account? | This account is available to open at any Cumberland branch, or on internet banking for customers that hold an internet enabled current account. New customers must live within our operating area.
A minimum balance of £1 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:
|
| Can I withdraw money? | Yes – Up to 6 instant access penalty free withdrawals each calendar year. If more than 6 withdrawals are made in a calendar year the account balance will be transferred to either an existing or new Instant Savings account. Withdrawals not permitted by direct debit, standing order, faster payments, or regular internal transfer. |
| Additional Information? | The account is restricted to one per person. No bonus payment applies to this account. This account can only be opened as a share account to individuals who are investing their money on their own behalf or on behalf of another person (i.e. a parent or guardian or behalf of a child). We will make an annual donation to Carlisle United Football Club, equivalent to 1% of the total balances held in the account. To obtain entry to Carlisle United’s regular free prize draw for Cumberland Blues Savers you should tick the appropriate box on the application form. For full details of our Variable 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
| Account Name | Cumberland Hospices (Issue 5) |
| What is the interest rate? | 3.65% Variable Gross Interest*/AER† Interest is calculated on a daily basis, and is paid gross (without deduction of tax) annually on 31st March. |
| Can Cumberland Building Society change the interest rate? | 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. |
| What would the estimated balance be after 12 months based on a £1,000 deposit? | 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 £1,036.50. This figure is for illustrative purposes only. |
| How do I open and manage my account? | This account is available to open at any Cumberland branch, or on internet banking for customers that hold an internet enabled current account. New customers must live within our operating area.
A minimum balance of £1 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:
|
| Can I withdraw money? | Yes – Up to 6 instant access penalty free withdrawals each calendar year. If more than 6 withdrawals are made in a calendar year your account will be closed and the account balance will be transferred to either an existing or new Instant Savings account. You will not be eligible to open another hospice account for 12 months after the closure date. Withdrawals not permitted by direct debit, standing order, faster payments, or regular internal transfer. |
| Additional Information? | The account is restricted to one per person. No bonus payment applies to this account. This account can only be opened as a share account to individuals who are investing their money on their own behalf or on behalf of another person (i.e. a parent or guardian or behalf of a child). We will make an annual donation to specified hospices, equivalent to 1% of the total balances held in the account.
For full details of our Variable 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
We’ve packed plenty of hints and tips, explanations and motivational advice all into one convenient space. From explaining the different types of accounts to helping you form good saving habits, we’re here to support you every step of the way.
Rising costs impact everyone in a different way. From increases in your energy bills to dipping into your savings more often, we are here to help. Our Money Worries Hub contains lots of useful information on savings, mortgages, debts and much more.
View your balances and transfer money between your accounts, safely and securely. Current account required.
Use our mobile banking app to manage your money wherever you are. Current account required.
If you have any questions about your Cumberland Savings account, we hope to answer them all below.