Current account


balance
variable gross interest (2)/AER (3)
net interest (4)
min £1
1.25%
1.80%
min £5,000
1.70%
1.48%
min £10,000
1.85%
1.36%
min £25,000
2.25%
1.00%
authorised overdraft rate - 9.73% p.a. variable EAR(5)
(1) minimum age 18 and subject to status
(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 accounts will include any VISA processing fees.

minimum age for our current acounts is 16. minimum current account balance £1

You can apply for a current account online or by contacting us to arrange an appointment to see one of our dedicated advisors.


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