Minimum age |
131 |
Must be main account |
Yes |
Minimum funding requirement |
£200 per month for those aged 24 and over. No minimum funding requirement for those aged 23 or under 2 |
Charge if funding requirement is not met |
£2 per month3. |
Current Account Switch Service |
Yes |
Standing Orders & Direct Debits |
Yes |
Contactless Visa debit card |
Yes |
Visa Secure and One Time Passcode protection |
Yes |
Cash withdrawal at Link cash machines in the UK |
£300 per day |
Mini statements from Cumberland ATMs |
Yes |
Cash withdrawal at Cumberland branches |
£500 per day |
Cash withdrawal in foreign currency outside the UK and debit card payments in a foreign currency |
Free4 |
Cheque book |
Available on request to over 18s5(£5 charge per cheque book) |
Statements |
Free |
Use of all Cumberland branches |
Yes |
Internet banking |
Yes6 |
Mobile banking |
Yes |
Text alerts |
Yes |
Pay2Mobile (Mobile Payments) |
Yes |
Customer Service Helpline |
Yes |
Overdraft facility available |
No |
Unarranged overdraft interest rate |
14.99% EAR7 (variable) |
Credit interest paid into your account |
The credit interest rate is the interest rate you would receive on your account balance and paid into your account should credit interest be paid on this account. 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 individual personal savings allowance. Annual Equivalent Rate (AER) illustrates what the interest rate would be if interest was paid and added each year. Minimum balance £1 Variable Gross Interest8/AER90.00% |
Credit interest rates correct at 01/02/21.
Your eligible deposits held by a UK establishment of Cumberland Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.
Please click here for further information or visit www.fscs.org.uk.