If you're looking to save up for a new car, your first house, or to travel somewhere special, Freedom gives you access to a preferential savings rate.
Save up your hard earned cash
Why is the Freedom Apprentice Account suitable for me?
Banking with the Freedom Apprentice Account is simple and easy, because it offers all of the digital tools you need as well dedicated human support. Why do I need the Freedom Apprentice Account and how is it different from the other options?
Ready for your next adventure
Don't settle for a kid's bank account, choose the right one for your new career and your next adventure.
Current Account Switch Guarantee
Switch from one bank or building society to another in a simple, reliable and stress-free way. It will only take seven working days.
Summary Box
- Freedom Apprentice Account
Application
Online or in branch Age
16-23 (sole accounts only) Minimum funding requirement
None Mobile banking
Yes Internet banking
Yes1 Contactless Visa Debit card
Yes Apple Pay, Google Pay
Yes Current Account Switch Service
Yes Standing Orders & Direct Debits
Yes Webchat & Facebook Messenger Support Service
Yes Customer Service Helpline
Yes Verified by Visa and One Time Passcode protection
Free Cash withdrawal in foreign currency outside the UK and debit card payments in a foreign currency
Free2 Use of all Cumberland branches
Yes Cash withdrawal in pounds in the UK at Link cash machines
£300 per day Cash withdrawal at Cumberland branches
£500 per day Text alerts
Yes Arranged overdraft facility
- Credit interest paid on your account
No credit interest is paid on this account Arranged overdraft interest rate
14.99% p.a. variable EAR7
Representative example: If you use an arranged overdraft of £700 the interest we’ll charge is 14.99%.Access to eSavings account
Yes Statements
Free Credit interest rates effective from 01/07/20.
- Internet Banking is a requirement of this account.
- The Cumberland does not charge you to use your Cumberland card but the provider of a cash machine or a retailer may apply a charge.
- eSavings Account
Minimum balance What is the interest rate? (Variable Gross Interest1/AER2) £1
4.10%
Interest paid Interest is calculated on a daily basis, and is paid gross (without deduction of tax) annually on 31 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.
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 £1,041.00.
This figure is for illustrative purposes only. How do I open and manage my account? This account is available to open for internet enabled, Cumberland Plus and Freedom Apprentice current account customers only who live in our operating area.
The account can be opened at any Cumberland branch or online.
The account must have a minimum opening balance of £1.
Only one sole account or one joint account per customer.
Maximum balance of £50,000 for sole and joint accounts.
There are several ways you can open and manage your account.
You can book a telephone appointment with one of our friendly advisors who can take you through the application process or help you with your account at any time.
Visit any of our Cumberland branches for support in person. To book an appointment with one of our branches click here.
If you are already a Cumberland customer with an internet enabled current account, you can manage your account online.
Once you are an account holder, our Customer Service Team are also available to help you on 01228 403 141.
Can I withdraw money? Yes. Instant access withdrawals via online transfer to your Cumberland current account.
Withdrawals not permitted by direct debit, standing order, regular internal transfer or faster payments.
Additional Information If you close or de-register your internet banking Cumberland Plus or Freedom Apprentice current account, your eSavings account will, in the absence of any alternative instructions be closed.
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 individual personal savings allowance.
2. Annual equivalent rate (AER) illustrates what the interest rate would be if interest was paid and added each year
Apprenticeship Info
Find out more about apprenticeships and read our finance guide
Is an apprenticeship for you?
Are you not yet an apprentice but looking to get an apprenticeship?
The Government is keen to get more people into apprenticeships, as they are an excellent way to start a career. Here's the key info you need.
Find an apprenticeship today
What apprenticeships are available in Cumbria?
If you're already an apprentice and want to switch your account to us, that's really quick and easy, and can be completed in 7 days.
Becoming an apprentice?
Finance: What new apprentices need to know
This quick guide has the key information you need to know about your finances before you start your apprenticeship.
Apple Pay
Apple Pay is simple to use in shops, apps and on the web. Pay with your Cumberland debit card with just a touch
Google Pay
You already use your phone for just about everything. Now you can pay with it using Google Pay in shops and apps too
Freedom Apprentice Account FAQs
Have any questions about this account? Click the button below to find out more, call (01228) 403 141 or visit your local branch.
Charges and Terms
Find out more about the fees for using the main services linked to our individual current accounts.
Documents to Download
A range of documents for you to download, providing more information about our Current Accounts.
Fraud and Internet Security
Keeping yourself and your money safe
We do a lot to help protect you from fraud. Take 5 minutes to read our top tips on what you can do to protect yourself even better from fraud.