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

Back to table

Cumberland Building Society Regular Saver Account (Issue 3)

Cumberland Building Society  Regular Saver Account (Issue 3)
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 £25 £15,000 On anniversary

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


Minimum age N/A
Maximum age N/A
Minimum saving amount £25
Maximum saving amount £15,000
Minimum initial deposit £25
Restricted locations note N/A
Existing customer note Available to those with a personal Cumberland Plus current account

Account details

Account type Regular
Immediate access No
ISA transfers allowed No
Minimum regular monthly deposit £25
Maximum regular monthly deposit £250
Withdrawals note 1 withdrawal during each subscription year without penalty. 11 out of 12 monthly payments must be made each subscription year. If these conditions are not met the interest rate over the year will be reduced by 2.20%.
Notice period N/A
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 On anniversary
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
£25 £15,000 2.3% 0.0% 2.3% Variable