All of these hospices are charitably funded and situated in Cumbria, their main aim is to provide free medical care and support for the terminally ill in our area
You benefit
- minimum initial deposit £1
- competitive interest rates
- up to 6 instant access penalty free withdrawals each calendar year
Hospices benefit
- an annual donation from the Cumberland Building Society
- the donation will be equivalent to 1% of the total average balance of all Cumberland Hospices accounts during the year
- the 1% donation will be split equally between the hospices
Key Product Information Summary Box
| Account Name | Hospices Account | ||
|---|---|---|---|
| Interest rates (AER) | minimum balance | variable gross interest1 / AER2 | net interest3 |
| £50,000 | 1.25% | 1.00% | |
| £25,000 | 1.00% | 0.80% | |
| £10,000 | 0.70% | 0.56% | |
| £5,000 | 0.45% | 0.36% | |
| £1 | 0.20% | 0.16% | |
| Interest paid yearly on 31st March | |||
| 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 | Up to 6 instant access penalty free withdrawals each calendar year. If more than 6 withdrawals are made in a calendar year, your account will be closed and the account balance will be transferred to either an existing or new Instant Savings account | ||
| Access | Local branch Telephone: 0845 601 8396 (transfer between own Cumberland accounts) |
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To arrange an appointment to discuss opening the right account for you, simply contact us using any of the methods set out on the left of this page
- 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
GuideContact us
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(0845) 601 8396
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