Cumberland 1 Year Term Account
Compare the Cumberland 1 Year Term Account with the UK's best savings, including savings details, application criteria, introductory rates, rates, managing account and fees & charges.
 |  Compare Cumberland 1 Year Term Account details directly with other savings or compare savings using our savings comparison tables. | ||
| Company: | Cumberland www.cumberland.co.uk | ||
| Product: | 1 Year Term Account | ||
| Apply via this site: | Not available | ||
| Savings Details | |||
 Account Type: | Term | ||
| Rate Type: | The type of interest rate is variable. | ||
| Headline Interest Rate: | The headline interest rate is 3.25% AER. | ||
| Application Criteria | |||
| Existing Customer Only: | No | ||
| Restricted Availability: | New accounts only available to people living in Cumbria, Dumfriesshire, Preston area of North Lancashire and Haltwhistle area of West Northumberland. | ||
| Area Restrictions: | New accounts only available to people living in Cumbria, Dumfriesshire, Preston area of North Lancashire and Haltwhistle area of West Northumberland. | ||
| Minimum Investment: | The minimum investment is £2000. | ||
| Maximum Investment: | The maximum investment is £500000 for single applicants and £1,000,000 for joint. | ||
| Minimum Balance: | The minimum balance is £2000. If the balance falls below £2,000, 30 days Notice Account rates apply. | ||
| Open to UK Residents: | This product is available to UK residents. | ||
| Introductory Rates | |||
| Introductory Bonus: | No introductory bonus payable. | ||
| Incentives Offered: | There are no incentives offered. | ||
| Rates | |||
| Tax Free: | This product is not tax free. | ||
| Open-ended Bonus: | No open-ended bonus payable. | ||
| Rate Tiers: | Gross Rate Gross Rate AER Excluding Bonus Including Bonus £2,000 1.75% 1.75% 1.75% £5,000 1.80% 1.80% 1.80% £10,000 2.25% 2.25% 2.25% £25,000 2.60% 2.60% 2.60% £50,000 3.00% 3.00% 3.00% £100,000 3.25% 3.25% 3.25% | ||
| Fixed Term: | The term is fixed for 1 year. | ||
| Fixed Term in Months: | The term is fixed for 12 months. | ||
| Fixed Interest Rate: | The interest rate is not fixed. | ||
| Term Period: | The account ends after 12 months. | ||
| Interest Payment Freq: | Interest is paid monthly. | ||
| Managing Account | |||
| Passbook: | A passbook is issued. | ||
| Transactions at Branch: | Transactions can be made at branch. | ||
| Statement Frequency: | Statements are issued annually. | ||
| Transactions by Phone: | Transactions cannot be made over the phone. | ||
| Transactions by Internet: | Transactions cannot be made via the internet. | ||
| Transactions by Post: | Transaction cannotbe made by post. | ||
| Special Access: | Withdrawals during the fixed term of the investment are subject to 90 days loss of interest on the amount withdrawn. | ||
| Withdrawal Conditions: | Withdrawal Conditions - Withdrawals during the fixed term of the investment are subject to 90 days loss of interest on the amount withdrawn. | ||
| Closure Before Maturity: | Withdrawals and closure during the fixed term of the investment are subject to 90 days loss of interest on the amount withdrawn. | ||
| Transferred on Maturity: | The account will become an instant access account following maturity. | ||
| Fees & Charges | |||
| Withdrawal Penalty: | Withdrawals and closure during the fixed term of the investment are subject to 90 days loss of interest on the amount withdrawn. | ||
| Withdrawal Charge: | There is no withdrawal charge. | ||
| W/d Notice/Penalty/Charge: | Withdrawals during the fixed term of the investment are subject to 90 days loss of interest on the amount withdrawn. If the balance falls below £2,000, 30 days Notice Account rates apply. | ||
| Compare | |||
| Products: | www.cumberland.co.uk Savings | ||
