Which? uses cookies to improve our sites and by continuing you agree to our cookies policy.

Back to table

Cumberland Building Society 40 Days Notice Account (Issue 1)

Cumberland Building Society  40 Days Notice Account (Issue 1)
Branch access Online account Minimum saving amount Maximum saving amount Interest paid
Whether you can operate the account through a bank branch.
Whether the account can be managed online.
The minimum amount you have to keep in the account.
The maximum amount you can keep in the account.
How often interest is paid.
Yes No £500 £500,000 Yearly

Cumberland Building Society customer satisfaction scorecard:

How do we work this out?
Clarity of statement Interest rate information Regular contact Customer service Overall customer score
n/a n/a n/a n/a

Not rated

n/a = sample size is too small.

We have not been able to rate this provider as our customer satisfaction survey didn't generate a big enough sample of its customers but we aim to rate as many providers as possible

Eligibility

Minimum age N/A
Maximum age N/A
Minimum saving amount £500
Maximum saving amount £500,000
Minimum initial deposit £500
Restricted locations note To apply for this account you must live within branch operating area.
Existing customer note N/A

Account details

Account type Notice
Immediate access No
ISA transfers allowed No
Minimum regular monthly deposit N/A
Maximum regular monthly deposit N/A
Withdrawals note 40 days notice or on demand subject to 40 days loss of interest on the amount withdrawn. Withdrawals not permitted by direct debit, standing order, regular internal transfer or faster payments.
Notice period 40 days
Fixed term N/A
Account fee £0
Account fee charged N/A
Part of FSCS Yes
FSCS note The first £85,000 per person, per UK banking licence, is protected by the Financial Services Compensation Scheme (FSCS). Under the UK Scheme if you have also borrowed from the failed bank or building society, the compensation will not be reduced to repay your debt. Separate arrangements will be made for this. Some banks and building societies share the same banking licence. Where this is the case, your £85,000 protection is across all the companies sharing the licence, not each individual company.
Rate guaranteed N/A

Interest rates

Interest paid Yearly
Interest paid type Paid Away or Compound
Bonus type N/A
Introductory bonus note N/A
Conditional bonus note N/A
From (£) To (£) AER including bonus (%) Bonus rate (%) AER excluding bonus (%) Interest type
£500 £4,999 0.2% 0.0% 0.2% Variable
£5,000 £9,999 0.3% 0.0% 0.3% Variable
£10,000 £500,000 0.5% 0.0% 0.5% Variable