Important Information: New customers must live within our operating area to open a Savings account.

Notice Savings Accounts

Be organised and give us notice when you want access to your money to earn a higher rate of interest than on more accessible accounts
Open an account
Choose your preferred option then open your Savings Account using the method that suits you.
Book Appointment

Notice accounts are a good way to save for the future and earn a rate of interest which tends to be higher than instant access. Plan ahead and give us notice of when you want access to your money. Notice accounts are not suitable should you want immediate access to your savings but these accounts give you a structure to put money away for the future whilst knowing that should circumstances or plans change you can quickly access your funds.

Notice Account

40 days

Variable interest rate up to 4.10% Gross interest(1)/AER(2)

Days Notice

More flexibility than fixed rate bonds

40 days notice is required to withdraw money without loss of interest


Account Name 40 Days Notice Account (Issue 3)
What is the interest rate?

4.10% Variable Gross Interest*/AER†

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.

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 at any Cumberland branch, or on internet banking for customers that hold an internet enabled current account. New customers must live within our operating area.

  • Minimum balance £500
  • Maximum balance £500,000 (£1,000,000 for joint accounts)

A minimum balance of £500 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:

Can I withdraw money?

Yes – 40 days notice is required, or on demand, subject to 40 days loss of interest on the amount withdrawn.

Subject to the withdrawal arrangements, 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.

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

Additional Information

No bonus payment applies to this account.

This account can only be opened as a share account.

For full details of our Variable 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 individual personal savings allowance.

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

Help and advice

From managing your Savings Account online to our FAQs, we are here to help you.
Open an account
Choose your preferred option then open your Savings Account using the method that suits you.
Book Appointment
Internet Banking

View your balances and transfer money between your accounts, safely and securely. Current account required.

Internet Banking
Mobile Banking App

Use our mobile banking app to manage your money wherever you are. Current account required.

Mobile Banking App
Savings FAQs
If you have any questions about your Cumberland Savings account, we hope to answer them all below.
Find Out More