Cumberland Instant Cash ISA Issue 3
Compare the Cumberland Instant Cash ISA (Issue 3) with the UK's best savings, including savings details, application criteria, introductory rates, rates, managing account and fees & charges.
 |  Compare Cumberland Instant Cash ISA (Issue 3) details directly with other savings or compare savings using our savings comparison tables. | ||
| Company: | Cumberland www.cumberland.co.uk | ||
| Product: | Instant Cash ISA (Issue 3) | ||
| Apply via this site: | Not available | ||
| Savings Details | |||
 Account Type: | Cash ISA | ||
| Rate Type: | The type of interest rate is variable. | ||
| Headline Interest Rate: | The headline interest rate is 2.25% AER | ||
| Interest Rate Guarantees: | The interest rate will never be less than 1% below BBR and any increase in our interest rate resulting from a change in BBR will be made within one calender month. | ||
| Application Criteria | |||
| Existing Customer Only: | No | ||
| Minimum Age: | The minimum age is 16 years. | ||
| Restricted Availability: | New accounts only available to people living in Cumbria, Dumfriesshire, Preston area of North Lancashire and Haltwhistle area of Northumberland. | ||
| Area Restrictions: | New accounts only available to people living in Cumbria, Dumfriesshire, Preston area of North Lancashire and Haltwhistle area of Northumberland. | ||
| Minimum Investment: | The minimum investment is £1. | ||
| Minimum Balance: | The minimum balance is £1. | ||
| Monthly Minimum: | There is no minimum monthly credit | ||
| Maximum Investment pa: | The maximum investment per annum is £3600. | ||
| Maximum Balance: | The maximum balance in the account is £500000. | ||
| Open to UK Residents: | This product is available to UK residents. | ||
| Introductory Rates | |||
| Introductory Bonus: | No introductory bonus payable. | ||
| Incentives Offered: | There are no free gifts or incentives offered with this account | ||
| Rates | |||
| Tax Free: | This product is available tax free. | ||
| Open-ended Bonus: | No open-ended bonus payable. | ||
| Rate Tiers: | Gross Rate Gross Rate AER Excluding Bonus Including Bonus £1 2.25% 2.25% 2.25% | ||
| Fixed Interest Rate: | The interest rate is not fixed. | ||
| Interest Payment Freq: | Interest is paid annually. | ||
| Managing Account | |||
| Passbook: | A passbook is issued. | ||
| Transactions at Branch: | Transactions can be made at a branch. | ||
| Statement Frequency: | Statements are issued annually. | ||
| Transactions by Phone: | Transactions cannot be made by telephone. | ||
| Transactions by Internet: | Transactions cannot be made via the internet. | ||
| Transactions by Post: | Transactions can be made by post. | ||
| Special Access: | None. | ||
| Withdrawal Conditions: | Withdrawal Conditions - None. | ||
| Transfers In: | Transfers are accepted from other Cash ISA providers, provided the investor lves in the branch operating area, subject to ISA regulations. | ||
| Transfers Out: | Transfers can be made to other Cash ISA providers. | ||
| Fees & Charges | |||
| Trans Notice/Pen/Charge: | No notice, penalty or charge is made for transfers. | ||
| Transfer Notice: | No notice is required for transfers. | ||
| Transfer Penalty: | No penalty is required for transfers. | ||
| Transfer Charge: | No charge is required for transfers. | ||
| Withdrawal Notice: | No notice is required for withdrawals. | ||
| Withdrawal Penalty: | No penalty is levied for withdrawals. | ||
| Withdrawal Charge: | No charge is made for withdrawals. | ||
| W/d Notice/Penalty/Charge: | No notice, penalty or charge is made for withdrawals. | ||
| Compare | |||
| Products: | www.cumberland.co.uk Savings | ||
