show us your latest bank statement and we can show you how much you could save

accounts

 First 12 months then either
FREE banking
Option A
Option B
Credits to your account
Automated credits*
(eg. BACS)
free
25p
free
Cheque credits1
free
75p
£1.00
Cash and transfer credits
free
55p
55p
Cash paid in
free
£5000 per quarter free then 25p per £100
£2500 per quarter free then 50p per £100
Payments from your account
Cash debits
free
55p
55p
Cheques issued from book
free
55p
55p
Online payments*
free
35p
free
Direct Debits*
free
35p
free
Standing orders*
free
35p
free
Debit card*
free
35p
free
ATM withdrawals*
free
35p
free
Debit card and ATM use abroad*6
free
free7
free
Cheques issued in branch
free
£1.50
£1.50
Transfers at branch counters
free
55p
55p
Internal transfers*
free
55p
free
Cash withdrawn
free
£1500 per quarter free then 25p per £100
£750 per quarter free then 50p per £100
Monthly fee*
free
£2 per month
free
Credit interest
Variable gross interest2/AER3
2.50%
2.50%
0.50%
Net interest4
2.00%
2.00%
0.40%
Debit interest
Standard authorised overdraft interest rate
3.04% per quarter (12.73% p.a. variable EAR)5
Unauthorised overdraft interest rate
4.659% per quarter (19.98% p.a variable EAR)5
eSavings account
Variable gross interest2/AER3
3.75%
3.75%
3.75%
Net interest4
3.00%
3.00%
3.00%


...to arrange an appointment to discuss opening a business current account with us, or to simply arrange a comparison with your present bank charges, contact us using any of the methods on the left side of this page

(1) Maximum 5 cheques allowed per credit
(2) gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law
(3) annual equivalent rate (AER) illustrates what the interest rate would be if interest was paid and added each year
(4) net interest is the rate of interest which would be payable after allowing for the deduction of income tax at 20%, i.e. the rate specified by law (net interest rates have been rounded and are for illustrative purposes only)
(5) EAR - effective annual rate.
(6) The Cumberland does not charge you to use ATMs abroad but the provider of an ATM may apply a charge. The sterling conversion amount debited to your account will include any VISA processing fees.
(7) Normal ATM withdrawal fee still applies.

* Automated transactions. All other chargeable transactions above are manua.

Charges are calculated quarterly at the end of of March, June, September and December and are deducted from accounts on or around the 26th day of the following month. The Socictey reserves the right to vary the above charges for high volume accounts (over £250,000 credit turnover).

Minimum current account balance £1

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