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.

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 0.50% 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


Minimum balance What is the interest rate? (Variable Gross Interest1/AER2)



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.

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 £1,005.

These figures are for illustrative purposes only.

How do I open and manage my account?

This account is available to open at any Cumberland branch, for customers who live in our operating area or on internet banking for customers that hold an internet enabled current account.

The account must have a minimum opening balance of £500.

A minimum balance of £500 must be maintained in the account. If the account balance falls below this at any time, the account will be closed.

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. 40 days notice is required, or on demand, subject to 40 days loss of interest on the amount withdrawn.

Subject to 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, regular internal transfer or faster payments.

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 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.
Internet Banking
View your balances and transfer money between your accounts, safely and securely. Current account required.
Mobile Banking App
Use our mobile banking app to manage your money wherever you are. Current account required.
Savings FAQs
If you have any questions about your Cumberland Savings account, we hope to answer them all below.
FSCS Logo (Small) FSCS Logo (Large)

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