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Cumberland Building Society Savings Account

 

cumberland building society

 

 

Cumberland Building Society

Instant Savings

 

This is an instant access savings account from the Cumberland Building Society

which is a small regional building society.

 

It requires that you initially invest a minimum of £100 and you must reside

in the North West England / South West Scotland area. To prevent the account

from being closed you must also maintain an operating balance of at least £100.

 

This account is managed in branch only using a passbook. No electronic transfers

are allowed.

 

There is a cash withdrawal limit of £500 per day and a cheque withdrawal limit

per day of up to £100,000 (for same day service). If you wish to withdraw larger

amounts by cheque then these are normally available next day.

 

Any interest is added to the account yearly at the end of the financial year.

 

They also offer regular and longer term savings accounts.

 

The Cumberland Building Society is a mutual society that was founded in 1850.

It currently has 33 branches mainly in Cumbria / Dumfriesshire.

 

As well as offering savings accounts, they also offer mortgages, insurance,

financial planning services and even a current account (which is a rarity

amongst building societies). They also offer several business accounts and

have an estate agency.

 

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