Business Savings Accounts

3.85% Fixed Gross Interest¹/AER² until 28 April 2026

Interest is calculated daily and paid annually on 31 March.

If the account is closed at maturity, any additional interest due will be paid at the time of closure.

Interest is added to the account. Alternatively, interest can be transferred to another Cumberland account or to an account with another provider.

No - The rate of interest paid on money in your account is fixed and cannot be changed by us during the term of the products.

For further details, please read clause 8.7-8.9 in our Savings & Current Account Terms & Conditions leaflet.

Assuming no further deposits or withdrawals are made, if £10,000 was deposited into the account upon opening, the account balance (including interest) would be £10,410.00 after 12 months.

These figures are for illustrative purposes only.

This account is available to open for existing Cumberland Business customers by contacting our team on 01228 403320 (9am to 5pm) or 01128 403141 (out of business hours).

New customers must live within our operating area. For details of our operating area, please visit cumberland.co.uk/savings/faqs

The minimum opening balance for this account is £10,000.

Additional deposits can be made into the account until such a point that the specific issue is no longer on sale. At any point, and without notice, we may close a specific Fixed Interest Fixed Term issue to further deposits, after which no new or additional deposits will be accepted into the account.

The maximum balance for this account is £1,000,000.

Your Fixed Interest Fixed Term Account will mature at the end of the agreed investment term. Shortly before the end of the fixed term we'll contact you with details of the options available to you for your maturing account. One of these options may be to extend your investment for a further fixed term.

No bonus payment applies to this account

You can manage your account by:

Using the Cumberland Internet Banking service or Mobile Banking App (providing you have an internet enabled current account) or by visiting any Cumberland Branch.

No - it's not possible to withdraw from, transfer or close the account before the maturity date of the Fixed Interest Fixed Term Account. Penalty free withdrawals are permitted the day after the maturity date.

You'll be able to withdraw your investment or transfer to an alternative account without penalty the day after the maturity date, providing you inform us prior to this date. If we receive no instruction on or before the maturity date, and a further Fixed Interest Fixed Term Account is available, your investment will be automatically rolled over onto the available Fixed Interest Fixed Term, which will subject to the Terms and Conditions applicable to the new account. Terms and Conditions for the new account will be supplied before the maturity of your existing account. It is therefore important for you to provide your instructions on or before your maturity date if you wish to make alternative arrangements.

For full details of our Fixed Rate products please refer to our separate leaflet. Download leaflet

3.10% Variable Gross Interest*/AER†

Interest is calculated on a daily basis, and is paid gross (without deduction of tax) annually on 31st March to your Cumberland business current account.

Yes – The rate of interest paid on money in your account is variable and may be changed by us. Where we do so, we will give you reasonable notice in advance of the change.

Examples of when changes may happen include a change in the Bank of England base rate, or market condition changes such as, general interest rates changes on similar accounts offered by other savings account providers.

For further details, please read clause 8.7-8.9 in our Savings & Current Account Terms & Conditions leaflet (available in our branches or on our website).

If £1,000 was deposited in the account on opening on 1 April, assuming no further deposits or withdrawals are made, on 31 March the account balance, including interest, would be £1,031.00.

This figure is for illustrative purposes only.

This account is available to open for internet enabled, Cumberland business current account customers only. The account can be opened by calling our business team on 01228 403320 (9am to 5pm).

• Minimum balance £1
• Maximum balance £1,000,000

A minimum balance of £1 must be maintained in the account. If the account balance falls below this at any time, the account may be closed. You can manage your account online.

Yes – Instant access withdrawals via online transfer to your Cumberland business current account. Withdrawals not permitted by direct debit, standing order, faster payments, or regular internal transfer to 3rd parties.

If you close or de-register your internet banking Cumberland business current account your Cumberland Business eSaver account will, in the absence of any alternative instructions, be closed.

This account is not available to schools.

No bonus payment applies to this account.

3.30% Variable Gross Interest*/AER†

Interest is calculated on a daily basis, and is paid gross (without deduction of tax) annually on 31st March.

Yes – The rate of interest paid on money in your account is variable and may be changed by us. Where we do so, we will give you reasonable notice in advance of the change.

Examples of when changes may happen include a change in the Bank of England base rate, or market condition changes such as, general interest rates changes on similar accounts offered by other savings account providers.

For further details, please read clause 8.7-8.9 in our Savings & Current Account Terms & Conditions leaflet (available in our branches or on our website).

If £1,000 was deposited in the account on opening on 1 April, assuming no further deposits or withdrawals are made, on 31 March the account balance, including interest, would be £1,033.00.

This figure is for illustrative purposes only.

This account is available to open for existing customers only. The account can be opened by calling our business team on 01228 403320 (9am to 5pm).

• Minimum balance £1
• Maximum balance £1,000,000

A minimum balance of £1 must be maintained in the account. If the account balance falls below this at any time, the account may be closed.

You can manage your account by:

• Visiting any Cumberland branch;
• Calling our Customer Service Team

Yes – 30 days notice is required. Without notice, withdrawals are subject to loss of 30 days interest on the amount withdrawn.

Withdrawals and deposits by crossed cheque, account transfer, cash or CHAPS (CHAPS subject to limit/charge).

Withdrawals not permitted by direct debit, standing order, faster payments, or regular internal transfer.

This account is not available to schools and only one account is allowed per business.

No bonus payment applies to this account.