Cumberland Building Society: Savings > Notice & 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 1 year
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 The accounts may be withdrawn without notice and may be replaced by similar accounts paying different rates of interest.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 501A (Annual Interest)

Key Product Information Summary Box

Account Name	Fixed Interest Fixed Term Account - Issue 501A (Annual Interest)
Interest rates (AER)	gross interest¹ / AER²	net interest³
	2.35%	1.88%
	Fixed Interest until 26 July 2011, paid on 30 June. 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. Penalty free withdrawal on maturity date.
Access	Local branch

ISSUE 501M (Monthly Interest)

Key Product Information Summary Box

Account Name	Fixed Interest Fixed Term Account - Issue 501M (Monthly Interest)
Interest rates (AER)	gross interest¹ / AER²	net interest³
	2.30%	1.84%
	Fixed Interest until 26 July 2011. 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. Penalty free withdrawal on maturity date.
Access	Local branch

We welcome new applications for these accounts from new and existing customers who live within our branch operating area

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

More info

Contact us

Website Design by Creative Venom and Development by Decode.UK

Disable flash animations