Cumberland Building Society

Cumberland Building Society was founded in 1850.

It provides bank accounts, savings accounts, personal loans, mortgages and home insurance.

Their headquarters are based in Carlisle in North West England.

Cumberland Building Society
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Gold ribbon: first place

Bank accounts

Ranked 6th of 30 providers reviewed.

Customer happiness score 69.05%
Customer trust score 66.67%
Complaints performance 68.13%
Transparency rating 70.77%
Fairer Finance score
Reviewed Autumn 2023
69%
Gold ribbon: first place

Savings Accounts

Ranked 21st of 53 providers reviewed.

Customer happiness score 69.23%
Customer trust score 75.64%
Complaints performance 68.14%
Transparency rating 59.83%
Fairer Finance score
Reviewed Autumn 2023
68%

Bank accounts

Basic bank accounts

Cumberland Building Society

Day2Day Account

4 stars
Cash withdrawal fee in UK (own bank) i £0.00
Annual fee i £0.00
Part of FSCS i
Bankers draft/cheque fee i £0.00
Unpaid transaction fee i £10.00
Faster Payment limit i £10,000.00
Maximum cash machine withdrawal per day i £300.00
Can you use your card to pay for items overseas? i

Current accounts

Cumberland Building Society

Cumberland Plus Account

2 stars
Annual fee i £0.00
Maximum cash machine withdrawal per day i £300.00
Part of FSCS i
Cash withdrawal fee in UK (own bank) i £0.00
Card payment fee (£) i £0.00
App capability? i

Foreign use bank accounts

Cumberland Building Society

Day2Day Account

5 stars
Foreign cash withdrawal fee i 0%
Foreign cash withdrawal additional charge i £0.00
Foreign purchases fee i 0%
Is there a limit on free cash withdrawals? i Unlimited

Cumberland Building Society

Cumberland Plus Account

4 stars
Foreign cash withdrawal fee i 0%
Foreign cash withdrawal additional charge i £0.00
Foreign purchases fee i 0%
Is there a limit on free cash withdrawals? i Unlimited

Overdrafts

Cumberland Building Society

Cumberland Plus Account

3 stars
Risk based overdraft? i
Arranged overdraft interest free amount i £0.00
Arranged overdraft interest rate (representative EAR) i 14.99%

Children's Accounts

Children's Savings Accounts

Cumberland Building Society

Young Cumberland Blues Account

Account Type i Easy Access
Interest Rate (AER) i 4.15%
Minimum Opening Balance i £10.00
Maximum Balance i £5,000.00
Notice Period i
Fixed Term Length i
Minimum Age to Open Account i 0
Maximum Age i 16
Withdrawal Penalty i A maximum of 6 withdrawals per calendar year, exceeding this limit will lead to your account being transferred to the Instant Savings account.
Part of FSCS i
Sharia Account i
Additional Opening Criteria i Available to local football supporters. If living outside the local area must have a Carlisle United season ticket or membership card. and/or Locals from Cumbria, South West Scotland, West Northumberland, North Lancashire.
Additional Information i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i

Cumberland Building Society

Young Savers Account

Account Type i Easy Access
Interest Rate (AER) i 4.15%
Minimum Opening Balance i £1.00
Maximum Balance i £5,000.00
Notice Period i
Fixed Term Length i
Minimum Age to Open Account i 0
Maximum Age i 16
Withdrawal Penalty i £500 daily withdrawal limit.
Part of FSCS i
Sharia Account i
Additional Opening Criteria i Locals from Cumbria, South West Scotland, West Northumberland, North Lancashire.
Additional Information i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i

Home emergency cover

Cumberland Building Society

Home Emergency Assistance

1 stars
Home Security Cover i
Home Emergency Cover limit i £500.00
Internal plumbing and drainage i
Primary Heating System i
Boiler breakdown cover i
Annual boiler service i
Internal gas supply pipe cover i
Pest infestation cover i
Domestic Power supply covered? i
Cover Type i Add-On
Alternative Accommodation Cover i £500.00
Unoccupied period i 60
Claims limit i 1

Home insurance (building and contents)

4 stars
Theft from outbuildings i £2,000.00
Matching sets (contents) i
Alternative accommodation cover limit for buildings i £40,000.00
Protection against inflation (Buildings)
Contents cover limit i £60,000.00
Money in the home i £500.00
Visitor's possessions i £500.00
Office equipment i £5,000.00
Buildings cover limit i £500,000.00
Trace and access i £5,000.00
Keys/locks if lost or stolen (Buildings) i £750.00
Alternative accommodation cover limit for contents i £10,000.00
Cancellation fee within 14 days i £0.00
Cancellation fee after 14 days i £0.00
Contents compulsory excess i £100.00
Flood excess i £100.00
Escape of water excess (minimum) i £50.00
Property owner liability i £2,000,000.00
Liability to domestic employees i £200,000.00
Liability as a tenant i £10,000.00
Replace belongings new for old i

Buildings insurance

4 stars
Matching sets (Buildings) i
Frozen pipes i
Escape of water excess for buildings i £50.00
Underground pipes, cables and tanks i Covered as standard
Selling your home i
Emergency entries i
Accidental damage to drains i
Buildings compulsory excess i £100.00
Unoccupied period i 60 days
Helpline i
Cancellation fee after 14 days (buildings) i £0.00
Amendment fee (telephone) i £0.00
Property owner liability i £2,000,000.00

Contents insurance

3 stars
Matching sets (contents) i
Theft from outbuildings i £2,000.00
Cover for items away from home i Optional
Property owner liability i £2,000,000.00

Savings Accounts

1 Year Fixed Rate Accounts

Interest Rate (AER) i 4.65%
Minimum Opening Balance i £1,000.00
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be transferred into a fixed term account with similar terms.
Part of FSCS i
Maximum Balance i £1,000,000.00
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i Must be a local (Cumbria, South West Scotland, West Northumberland or North Lancashire)
Can you make early withdrawals? i
Withdrawal Penalty i

2 Year Fixed Rate Accounts

Interest Rate (AER) i 4.4%
Minimum Opening Balance i £1,000.00
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be paid into a fixed term account with similar terms.
Part of FSCS i
Maximum Balance i £1,000,000.00
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i Must be a local (Cumbria, South West Scotland, West Northumberland or North Lancashire)
Can you make early withdrawals? i
Withdrawal Penalty i
Interest Rate (AER) i 4.2%
Minimum Opening Balance i £1,000.00
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be paid into a fixed term account with similar terms.
Part of FSCS i
Maximum Balance i £1,000,000.00
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i Must be a local (Cumbria, South West Scotland, West Northumberland or North Lancashire)
Can you make early withdrawals? i
Withdrawal Penalty i

5 Year Fixed Rate Accounts

Interest Rate (AER) i 3.4%
Minimum Opening Balance i £1,000.00
What happens at maturity? i The provider will contact you before the account matures. The money will be transferred into a year fixed rate account unless you instruct them otherwise.
Part of FSCS i
Maximum Balance i £1,000,000.00
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty i

Easy Access Accounts

Cumberland Building Society

eSavings Account (Issue 3)

Interest Rate (AER) i 4.1%
Balance Tiers i
Minimum Opening Balance i £100.00
Withdrawal Penalty i
Part of FSCS i
Maximum Balance i £50,000.00
Minimum Age to Open Account i 16
Penalty free withdrawals? i
Sharia Account i
Additional Information i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Additional Opening Criteria i Must either be a local (Cumbria, South West Scotland, West Northumberland and North Lancashire) or a Cumberland current account customer with internet banking

Cumberland Building Society

Cumberland Blues Account (Issue 5)

Interest Rate (AER) i 3.9%
Balance Tiers i
Minimum Opening Balance i £1.00
Withdrawal Penalty i 6 withdrawals per calendar year are allowed
Part of FSCS i
Maximum Balance i £50,000.00
Minimum Age to Open Account i 18
Penalty free withdrawals? i
Sharia Account i
Additional Information i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Additional Opening Criteria i Available to Carlisle United football supporters. If you live outside the local area you must have a season ticket or membership card

Cumberland Building Society

Hospices Account (Issue 5)

Interest Rate (AER) i 3.9%
Balance Tiers i
Minimum Opening Balance i £1.00
Withdrawal Penalty i 6 withdrawals per calendar year are allowed
Part of FSCS i
Maximum Balance i £50,000.00
Minimum Age to Open Account i 16
Penalty free withdrawals? i
Sharia Account i
Additional Information i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Additional Opening Criteria i Must be a local (Cumbria, South West Scotland, West Northumberland or North Lancashire)

Savings Accounts (ISAs)

1 Year Fixed Rate ISAs

Cumberland Building Society

1 Year Fixed Cash ISA

Interest Rate (AER) i 4.55%
Minimum Opening Balance i £1,000.00
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be transferred into a fixed term account with similar terms.
Part of FSCS i
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i Must be a local (Cumbria, South West Scotland, West Northumberland or North Lancashire)
Can you make early withdrawals? i
Withdrawal Penalty (days) i Earlier access costs 90 days interest
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i

2 Year Fixed Rate ISAs

Cumberland Building Society

2 Year Fixed Cash ISA

Interest Rate (AER) i 4.15%
Minimum Opening Balance i £1,000.00
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be transferred into a fixed term account with similar terms.
Part of FSCS i
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i Must be a local (Cumbria, South West Scotland, West Northumberland or North Lancashire)
Can you make early withdrawals? i
Withdrawal Penalty (days) i Earlier access costs 90 days interest
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i

Cumberland Building Society

18 Month Fixed Cash ISA

Interest Rate (AER) i 4.35%
Minimum Opening Balance i £1,000.00
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be paid into a fixed term account with similar terms.
Part of FSCS i
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i Must be a local (Cumbria, South West Scotland, West Northumberland or North Lancashire)
Can you make early withdrawals? i
Withdrawal Penalty (days) i Earlier access on closure only and incurs a 90 day loss of interest
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i

5 Year Fixed Rate ISAs

Cumberland Building Society

5 Year Fixed Cash ISA

Interest Rate (AER) i 3.35%
Minimum Opening Balance i £1,000.00
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be transferred into a fixed term account with similar terms.
Part of FSCS i
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty (days) i Earlier access on closure only and incurs a 180 day loss of interest.
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i

Junior ISAs

Cumberland Building Society

Cash Junior ISA

Interest Rate (AER) i 4.35%
Part of FSCS i
Minimum Opening Balance i £50.00
Minimum Age to Open Account i 0
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i Must be a local (Cumbria, South West Scotland, West Northumberland or North Lancashire)
Are early withdrawals allowed? i
Conditions of early withdrawal i
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i