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

Save & Support Accounts

Save with us and support local clubs and charities including Eden Valley Hospice and Hospice At Home
Open an account
Discuss your preferred options with one of our friendly advisors
Book Appointment
3.90%
Cumberland Blues Account

Instant access account

Variable interest rate up to 3.90% Gross interest(1)/AER(2)

Carlisle United benefit from an annual donation from The Cumberland equivalent to 1% of the total average balance of all Cumberland Blues savings accounts during the year.

3.90%
Hospices Account

Instant access account

Variable interest rate up to 3.90% Gross interest(1)/AER(2)

Eden Valley Hospice and local Hospice At Home services benefit from an annual donation from The Cumberland equivalent to 1% of the total average balance of all Cumberland Hospices accounts during the year.

Cumberland donates more than £44,000 to hospices
Cumberland donates more than £44,000 to hospices

Volunteers at three Cumbrian hospices have been given bouquets to thank them for supporting the charities’ vital work following a donation of £14,787 to each hospice on behalf of its Affinity Account savers.

Read more

Summary Box

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

£1

3.90%

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 £1,039.

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

The account must have a minimum opening balance of £1.

A minimum balance of £1 must be maintained in the account. If the account balance falls below this at any time, the account may 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. Up to 6 instant access penalty free withdrawals each calendar year.

If more than 6 withdrawals are made in a calendar year the account will be transferred to either an existing or new Instant Savings account.

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

Additional Information?

The account is restricted to one per person.

It can only be opened as a share account to individuals who are investing their money on their own behalf or on behalf of another person (i.e. a parent/guardian or on behalf of a child).

We will make an annual donation to Carlisle United Football Club, equivalent to 1% of the total balances held in the account.

To obtain entry to Carlisle United’s regular free prize draw for Cumberland Blues Savers you should tick the appropriate box on the application form.

No bonus payment applies to this 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

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

£1

3.90%

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 £1,039.

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

The account must have a minimum opening balance of £1.

A minimum balance of £1 must be maintained in the account. If the account balance falls below this at any time, the account may 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. Up to 6 instant access penalty free withdrawals each calendar year.

If more than 6 withdrawals are made in a calendar year the account will be transferred to either an existing or new Instant Savings account.

You will not be eligible to open another hospice account for 12 months after the closure date.

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

Additional Information?

The account is restricted to one per person.

It can only be opened as a share account to individuals who are investing their money on their own behalf or on behalf of another person (i.e. a parent/guardian or on behalf of a child).

We will make an annual donation to the hospices, equivalent to 1% of the total balances held in the account.

No bonus payment applies to this 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

Open an account

Discuss your preferred options with one of our friendly advisors

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