fixed interest for a fixed term

For those who can commit some of their savings for a fixed period of time to earn an interest rate guaranteed to remain fixed for the term of the investment
  • an investment term of approximately 5 years
  • minimum balance £5,000
  • interest fixed for the term of the investment
  • no withdrawals from, transfers from or early closure of the account prior to the maturity of the Fixed Interest Fixed Term period
  • shortly before the end of the fixed investment term we will contact you with details of the options you can take on maturity, one of which may be to extend your investment for a further fixed term

These accounts are available for a short period of time, after which no further additions may be made or new accounts opened. The accounts may be withdrawn without notice and may be replaced by similar accounts paying different rates of interest.

ISSUE 590A (Annual Interest)

Key Product Information Summary Box
Account Name Fixed Interest Fixed Term Account - Issue 590A (Annual Interest)
Interest rates (AER) gross interest1 / AER2 net interest3
3.80% 3.04%
Fixed Interest until 23 May 2017, paid on 30 April. Interest added to the account annually or paid to another Cumberland account or bank account
Tax Status Interest is paid net of basic rate tax. If you are eligible you may register to receive interest paid gross
Conditions for bonus payment No bonus payment applies to this account
Withdrawal arrangements It is not possible to withdraw from, transfer from or close the account prior to the maturity date of the Fixed Interest Fixed Term period (23 May 2017). Penalty free withdrawal on maturity date.
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ISSUE 590M (Monthly Interest)

Key Product Information Summary Box
Account Name Fixed Interest Fixed Term Account - Issue 590M (Monthly Interest)
Interest rates (AER) gross interest1 / AER2 net interest3
3.70% 2.96%
Fixed Interest until 23 May 2017. Interest paid monthly to another Cumberland account or bank account.
Tax Status Interest is paid net of basic rate tax. If you are eligible you may register to receive interest paid gross
Conditions for bonus payment No bonus payment applies to this account
Withdrawal arrangements It is not possible to withdraw from, transfer from or close the account prior to the maturity date of the Fixed Interest Fixed Term period (23 May 2017). Penalty free withdrawal on maturity date.
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We welcome new applications for these accounts from new and existing customers who live within our branch operating area

  1. gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law
  2. annual equivalent rate (AER) illustrates what the interest rate would be if interest was paid and added each year
  3. 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)

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Cumberland Business Cumberland Estate Agents

Local customer services: 0845 601 8396 - 01228 403 141

Cumberland Building Society and Cumberland Financial Services Limited are authorised and regulated by the Financial Services Authority and are entered in the Financial Services Authority’s Register under Register Numbers 106074 and 200391. This site is intended for residents of the United Kingdom only. © Cumberland Building Society 2012. All Rights Reserved.

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