Cumberland business current accounts awarded a five-star rating by Moneyfacts

Published on
18 May 2021

We're delighted our business current accounts have been recognised as being among the very best in the country, after once again being awarded a five-star rating by Moneyfacts.

The Annual Star Ratings made by independent experts at Moneyfacts have seen both our business current account and schools business account receive the top mark.

Scott McKerracher, Head of Commercial at The Cumberland, said he was particularly pleased to get the recognition after a year during which we have helped hundreds of businesses through the Covid pandemic.

“We’re always delighted to receive recognition for our products, and the Moneyfacts Star Ratings are some of the most reliable and sought-after awards in the industry.

“For our business current account and schools account to gain five stars is testament to the comprehensive range of standout features we can offer, which sets our products apart from the rest of the market.”

Moneyfacts Group has been identifying the best financial products in the UK for more than 30 years, researching and assessing thousands of mortgages, savings, personal loans, pensions and business banking accounts to award its ratings.

Scott continued: “The assessment criteria that Moneyfacts reviews is as thorough as you can get - they review over 225 fields of information per individual product - so our customers can be confident that our business current accounts are among the very best available.”

Lee Tillcock, Editor of Business Moneyfacts, said: “The challenges of the last year have seen the importance of products in the business current account and credit card sectors grow further.

“The impressive range of features offered to meet the needs of modern-day businesses means that there are plenty of options to consider when choosing a business current account - the annual Moneyfacts Business Current Account Star Ratings provide businesses with valuable insight into the quality of the features on offer, before assessing the individual costs.”