- minimum balance £2,000
- interest is added yearly on 30th April
- variable tiered interest for higher balances
- withdrawals may be made without penalty at the end of the one year investment term. Alternatively you can withdraw anytime up to £500 in cash or £99,999.99 by crossed cheque without notice, subject to the loss of 90 days interest on the amount withdrawn.
- cheques for larger amounts are normally available the following day
- pay into the account at any time during the investment term (additional investments will ‘mature’ one year from the date the account was opened and not from the date of additional investment)
- shortly before the end of the fixed term we will contact you with the options you have on maturity, one of which will be to extend your investment for a further fixed term
minimum balance |
gross interest (1) / AER (2) |
net interest (3) |
|---|---|---|
£100,000 |
5.35% |
4.28% |
£50,000 |
5.15% |
4.12% |
£25,000 |
5.10% |
4.08% |
£10,000 |
5.05% |
4.04% |
£5,000 |
4.70% |
3.76% |
£2,000 |
4.65% |
3.72% |
...for those looking for monthly income
.
- if requested we will pay interest as a monthly income on this account which must be paid into another Cumberland account or bank account, at a slightly lower rate of interest
- monthly interest is paid on the last day of the month
minimum balance |
gross interest (1) / AER (2) |
net interest (3) |
|---|---|---|
£100,000 |
5.20% |
4.16% |
£50,000 |
5.00% |
4.00% |
£25,000 |
4.95% |
3.96% |
£10,000 |
4.90% |
3.92% |
£5,000 |
4.60% |
3.68% |
£2,000 |
4.55% |
3.64% |
(0845) 602 3462
