Cumberland 1 Year Term Account (Issue 3)
Full product details for the Cumberland 1 Year Term Account (Issue 3) savings account, including application criteria, introductory rates, rates, isas, children's savings, over 50s isas, account access, account management, fees & charges, business accounts and structured investment plan.
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Cumberland 1 Year Term Account (Issue 3) Features & Benefits
| Account Type | Fixed Bond | |
| Account Term | 1 year | The account ends after 12 months. |
| Rate Type | variable | The type of interest rate is variable. |
| Headline Interest Rate | 2.5% | The headline interest rate is 2.50% AER. |
| Headline Interest Balance | £100,000 | 100000 |
| Online Access | no | Transactions cannot be made via the internet. |
| Branch Access | yes | Transactions can be made at branch. |
| Phone Access | no | Transactions cannot be made over the phone. |
| Introductory Bonus | 0% | No introductory bonus payable. |
| Withdrawal Notice | term | Withdrawals, transfers or closures not permitted during term. |
| Minimum Initial Investment | £2,000 | The minimum investment is £2000. |
| Closure Before Maturity | no | Closures not permitted before maturity. |
| Availability | restricted | New accounts only available to people living in Cumbria, Dumfriesshire, Preston area of North Lancashire and Haltwhistle area of West Northumberland. |
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