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

Fixed Interest Fixed Term Accounts

Invest in our new fixed rate bonds and guarantee your interest rate for a set period of time
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4.65%
1 Year Fixed

Fixed Interest Fixed Term Account

4.65% Fixed Gross interest(1)/AER(2) until 22 April 2025

4.40%
18 Month Fixed

Fixed Interest Fixed Term Account

4.40% Fixed Gross interest(1)/AER(2) until 28 October 2025

4.20%
2 Year Fixed

Fixed Interest Fixed Term Account

4.20% Fixed Gross interest(1)/AER(2) until 22 April 2026

3.40%
5 Year Fixed

Fixed Interest Fixed Term Account

3.40% Fixed Gross interest(1)/AER(2) until 22 April 2029

Summary Box

3

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

£1,000

4.65%

What is the interest rate?

Fixed interest until 22 April 2025. Paid annually on 31 March. Interest is added to the account on an annual basis. Alternatively, interest can be transferred to another Cumberland account or to an account with another provider.

Can Cumberland Building Society change the interest rate?

No – The rate of interest on this account is fixed and cannot be changed by us during the period of your fixed term.

For further details, please read clause 8.7-8.9 in our Savings & Current Account Terms & Conditions leaflet.

What would the estimated balance be at the end of the fixed term?

Assuming no further deposits or withdrawals are made, if £1000 was deposited into the account upon opening, the account balance (including interest) would be £1,046.50 after 12 months.

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. New customers must live within our operating area to open an account.

The maximum balance is £1,000,000.

At any point and without notice, we may close a specific fixed interest issue to new deposits.

Your Fixed Interest Fixed Term Account will mature at the end of the agreed investment term. Shortly before the end of the fixed term we'll contact you with details of the options available to you for your maturing account. One of these options may be to extend your investment for a further fixed term.

You'll be able to withdraw your investment or transfer to an alternative account without penalty on the maturity date, providing you inform us before your maturity date. If we receive no instruction on or before the maturity date, and a further Fixed Interest Fixed Term Account is available, your investment will be automatically rolled over onto the available Fixed Interest Fixed Term, subject to the Terms and Conditions applicable to the new account. Terms and Conditions for the new account will be supplied before the maturity of your existing account. It is therefore important for you to provide your instructions on or before your maturity date.

No bonus payment applies to this account.

You can manage this account by:

  • Visiting any Cumberland Branch
  • Using the Cumberland Internet Banking service or the Cumberland Mobile Banking App (providing you have an internet enabled current account)

Can I withdraw money?

No - it's not possible to withdraw from, transfer or close the account before the maturity date of the Fixed Interest Fixed Term Account. Penalty free withdrawal on maturity date.

Additional Information

For full details of our Fixed 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? (Fixed Gross Interest1/AER2)

£1,000

4.40%

What is the interest rate?

Fixed interest until 28 October 2025. Paid annually on 30 September. Interest is added to the account on an annual basis. Alternatively, interest can be transferred to another Cumberland account or to an account with another provider.

Can Cumberland Building Society change the interest rate?

No – The rate of interest on this account is fixed and cannot be changed by us during the period of your fixed term.

For further details, please read clause 8.7-8.9 in our Savings & Current Account Terms & Conditions leaflet.

What would the estimated balance be at the end of the fixed term?

Assuming no further deposits or withdrawals are made, if £1000 was deposited into the account upon opening, the account balance (including interest) would be £1,066.00 after 18 months.

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. New customers must live within our operating area to open an account.

The maximum balance is £1,000,000.

At any point and without notice, we may close a specific fixed interest issue to new deposits.

Your Fixed Interest Fixed Term Account will mature at the end of the agreed investment term. Shortly before the end of the fixed term we'll contact you with details of the options available to you for your maturing account. One of these options may be to extend your investment for a further fixed term.

You'll be able to withdraw your investment or transfer to an alternative account without penalty on the maturity date, providing you inform us before your maturity date. If we receive no instruction on or before the maturity date, and a further Fixed Interest Fixed Term Account is available, your investment will be automatically rolled over onto the available Fixed Interest Fixed Term, subject to the Terms and Conditions applicable to the new account. Terms and Conditions for the new account will be supplied before the maturity of your existing account. It is therefore important for you to provide your instructions on or before your maturity date.

No bonus payment applies to this account.

You can manage this account by:

  • Visiting any Cumberland Branch
  • Using the Cumberland Internet Banking service or the Cumberland Mobile Banking App (providing you have an internet enabled current account)

Can I withdraw money?

No - it's not possible to withdraw from, transfer or close the account before the maturity date of the Fixed Interest Fixed Term Account. Penalty free withdrawal on maturity date.

Additional Information

For full details of our Fixed 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? (Fixed Gross Interest1/AER2)

£1,000

4.20%

What is the interest rate?

Fixed interest until 22 April 2026. Paid annually on 31 March. Interest is added to the account on an annual basis. Alternatively, interest can be transferred to another Cumberland account or to an account with another provider.

Can Cumberland Building Society change the interest rate?

No – The rate of interest on this account is fixed and cannot be changed by us during the period of your fixed term.

For further details, please read clause 8.7-8.9 in our Savings & Current Account Terms & Conditions leaflet.

What would the estimated balance be at the end of the fixed term?

Assuming no further deposits or withdrawals are made, if £1000 was deposited into the account upon opening, the account balance (including interest) would be £1,085.76 after 24 months.

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. New customers must live within our operating area to open an account.

The maximum balance is £1,000,000.

At any point and without notice, we may close a specific fixed interest issue to new deposits.

Your Fixed Interest Fixed Term Account will mature at the end of the agreed investment term. Shortly before the end of the fixed term we'll contact you with details of the options available to you for your maturing account. One of these options may be to extend your investment for a further fixed term.

You'll be able to withdraw your investment or transfer to an alternative account without penalty on the maturity date, providing you inform us before your maturity date. If we receive no instruction on or before the maturity date, and a further Fixed Interest Fixed Term Account is available, your investment will be automatically rolled over onto the available Fixed Interest Fixed Term, subject to the Terms and Conditions applicable to the new account. Terms and Conditions for the new account will be supplied before the maturity of your existing account. It is therefore important for you to provide your instructions on or before your maturity date.

No bonus payment applies to this account.

You can manage this account by:

  • Visiting any Cumberland Branch
  • Using the Cumberland Internet Banking service or the Cumberland Mobile Banking App (providing you have an internet enabled current account)

Can I withdraw money?

No - it's not possible to withdraw from, transfer or close the account before the maturity date of the Fixed Interest Fixed Term Account. Penalty free withdrawal on maturity date.

Additional Information

For full details of our Fixed 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? (Fixed Gross Interest1/AER2)

£1,000

3.40%

What is the interest rate?

Fixed interest until 22 April 2029. Paid annually on 31 March. Interest is added to the account on an annual basis. Alternatively, interest can be transferred to another Cumberland account or to an account with another provider.

Can Cumberland Building Society change the interest rate?

No – The rate of interest on this account is fixed and cannot be changed by us during the period of your fixed term.

For further details, please read clause 8.7-8.9 in our Savings & Current Account Terms & Conditions leaflet.

What would the estimated balance be at the end of the fixed term?

Assuming no further deposits or withdrawals are made, if £1000 was deposited into the account upon opening, the account balance (including interest) would be £1,181.96 after 60 months.

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. New customers must live within our operating area to open an account.

The maximum balance is £1,000,000.

At any point and without notice, we may close a specific fixed interest issue to new deposits.

Your Fixed Interest Fixed Term Account will mature at the end of the agreed investment term. Shortly before the end of the fixed term we'll contact you with details of the options available to you for your maturing account. One of these options may be to extend your investment for a further fixed term.

You'll be able to withdraw your investment or transfer to an alternative account without penalty on the maturity date, providing you inform us before your maturity date. If we receive no instruction on or before the maturity date, and a further Fixed Interest Fixed Term Account is available, your investment will be automatically rolled over onto the available Fixed Interest Fixed Term, subject to the Terms and Conditions applicable to the new account. Terms and Conditions for the new account will be supplied before the maturity of your existing account. It is therefore important for you to provide your instructions on or before your maturity date.

No bonus payment applies to this account.

You can manage this account by:

  • Visiting any Cumberland Branch
  • Using the Cumberland Internet Banking service or the Cumberland Mobile Banking App (providing you have an internet enabled current account)

Can I withdraw money?

No - it's not possible to withdraw from, transfer or close the account before the maturity date of the Fixed Interest Fixed Term Account. Penalty free withdrawal on maturity date.

Additional Information

For full details of our Fixed 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
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.
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