Business Savings Accounts

Our savings accounts provide different features and interest rates depending on how much you wish to invest and the type of access you need.

At The Cumberland, we know that when it comes to running a business, everyone’s goals look a little different. That’s why, whether you’re taking out a commercial mortgage, opening a business current account, or growing your business savings, we’re here to help you make it happen.

When it comes to saving, you might be looking for an account that allows instant access to your money for emergencies. You could have a lump sum that you would like to save and earn interest. Perhaps you’re just beginning to save and want to set up regular savings payments.

Whatever the goal, when you place your savings with us, you can expect the same degree of kinder banking that comes with everything we do. We have branches on our local high streets, real people to answer your questions, and it’s all underpinned by our award-winning customer service.

Kinder banking at The Cumberland. It’s in our nature.

Our Business Savings Accounts

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Account Name	Cumberland Business eSaver
What is the interest rate?	2.90% Variable Gross Interest¹/AER² 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.
Can Cumberland Building Society change the interest rate?	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).
What would the estimated balance be after 12 months based on a £1,000 deposit?	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 £1,029.00. These figures are for illustrative purposes only.
How do I open and manage my account?	This account is available to open for internet enabled, Cumberland business current account customers only. This account can be opened by calling our Customer Care team on 01228 403141. 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.
Can I withdraw money?	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.
Additional Information	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.

1. Gross interest is the contractual rate of interest payable (without deduction of tax) and you will be responsible for paying any tax you owe on interest as per your personal savings allowance.

2. Annual equivalent rate (AER) illustrates what the interest rate would be if interest was paid and added each year

Account Name	Cumberland Business Instant Access
What is the interest rate?	2.70% Variable Gross Interest¹/AER² Interest is calculated daily, and is paid gross (without deduction of tax) annually on 31st March.
Can Cumberland Building Society change the interest rate?	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).
What would the estimated balance be after 12 months based on a £1,000 deposit?	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 £1,027.00. These figures are for illustrative purposes only.
How do I open and manage my account?	This account can be opened by calling our Customer Care team on 01228 403141. 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
Can I withdraw money?	Yes – this is an Instant access account, and you can withdraw up to £500 each day in cash and up to £99,999.99 by crossed cheque (cheques for larger amounts are normally available the following day), subject to the minimum operating balance of £1 being maintained. Withdrawals not permitted by direct debit, standing order, faster payments, or regular internal transfer.
Additional Information	No bonus payment applies to this account

1. Gross interest is the contractual rate of interest payable (without deduction of tax) and you will be responsible for paying any tax you owe on interest as per your personal savings allowance.

2. Annual equivalent rate (AER) illustrates what the interest rate would be if interest was paid and added each year

Account Name	Cumberland Business 30 Day Notice
What is the interest rate?	3.10% Variable Gross Interest¹/AER² Interest is calculated on a daily basis, and is paid gross (without deduction of tax) annually on 31st March.
Can Cumberland Building Society change the interest rate?	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).
What would the estimated balance be after 12 months based on a £1,000 deposit?	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. These figures are for illustrative purposes only.
How do I open and manage my account?	This account can be opened by calling our Customer Care team on 01228 403141. 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
Can I withdraw money?	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.
Additional Information	This account is not available to schools. No bonus payment applies to this account.

1. Gross interest is the contractual rate of interest payable (without deduction of tax) and you will be responsible for paying any tax you owe on interest as per your personal savings allowance.

2. Annual equivalent rate (AER) illustrates what the interest rate would be if interest was paid and added each year

Account Name	Business One Year Fixed Interest Fixed Term
What is the interest rate?	3.85% Fixed Gross Interest¹/AER² until 28 July 2026 Interest is calculated daily and paid annually on 30 June. 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.
Can Cumberland Building Society change the interest rate?	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.
What would the estimated balance be after 12 months based on a £10,000 deposit?	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 £10,385.00 after 12 months.
These figures are for illustrative purposes only.
How do I open and manage my account?	This account is available to open for existing Cumberland Business customers by contacting our team on 01228 403320 (9am to 5pm) or 01228 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.
Can I withdraw money?	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.
Additional Information	For full details of our Fixed Rate products please refer to our separate leaflet. Download leaflet

1. Gross interest is the contractual rate of interest payable (without deduction of tax) and you will be responsible for paying any tax you owe on interest as per your personal savings allowance.

2. Annual equivalent rate (AER) illustrates what the interest rate would be if interest was paid and added each year.