Cumberland Save & Support - Hospices Account
Compare the Cumberland Save & Support - Hospices Account with the UK's best savings, including savings details, application criteria, introductory rates, rates, managing account and fees & charges.
 |  Compare Cumberland Save & Support - Hospices Account details directly with other savings or compare savings using our savings comparison tables. | ||
| Company: | Cumberland www.cumberland.co.uk | ||
| Product: | Save & Support - Hospices Account | ||
| Apply via this site: | Not available | ||
| Savings Details | |||
 Account Type: | Instant Access | ||
| Rate Type: | The type of interest rate is variable. | ||
| Headline Interest Rate: | The headline interest rate is 1.35% 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 £1. | ||
| Maximum Investment: | The maximum investment is £500000 for single applicants and £1,000,000 for joint. | ||
| Minimum Balance: | The minimum balance is £1. | ||
| Open to UK Residents: | This product is available to UK residents. | ||
| Introductory Rates | |||
| Introductory Bonus: | No introductory bonus payable. | ||
| Incentives Offered: | There will be an annual donation from the Cumberland Building Society equivalent to 1% of the total average balance of all Cumberland Hospices savings accounts during the year to Eden Valley Hospice, Hospice at Home Carlisle & North Lakeland and West Cumbria Hospice at Home. The 1% donation will be split between the hospices equally. | ||
| 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 £1 0.30% 0.30% 0.30% £5,000 0.55% 0.55% 0.55% £10,000 0.80% 0.80% 0.80% £25,000 1.10% 1.10% 1.10% £50,000 1.35% 1.35% 1.35% | ||
| Interest Payment Freq: | Interest is paid annually. | ||
| Managing Account | |||
| Instant: | This is an instant access account. | ||
| Passbook: | A passbook is issued. | ||
| Transactions at Branch: | Transactions can be made at a branch. | ||
| Statement Frequency: | Statements are issued monthly. | ||
| Transactions by Phone: | Transactions cannot be made by phone. | ||
| Transactions by Internet: | Transactions cannot be made via the internet. | ||
| Transactions by Post: | Transactions cannot be made by post. | ||
| Special Access: | If more than 6 wdls made in a year, the account's balance will be transferred to a different a/c and customer cannot re-open a/c for 12 months. | ||
| Withdrawal Conditions: | Withdrawal Conditions - 6 penalty free withdrawals are permitted each year. If more than 6 withdrawals are made in a year the account will be closed and the balance transferred to another existing Cumberland account or a new account. In this event another Save & Support account cannot be opened for 12 months after the previous account has been closed. | ||
| Fees & Charges | |||
| Penalty on all Wdls: | There is not a penalty on all withdrawals. | ||
| Compare | |||
| Products: | www.cumberland.co.uk Savings | ||
