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.
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|
|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|
|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 1.95%.|
|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.|
|Interest paid type||Paid Away or Compound|
|Introductory bonus note||N/A|
|Conditional bonus note||N/A|
|From (£)||To (£)||AER including bonus (%)||Bonus rate (%)||AER excluding bonus (%)||Interest type|