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This comparison simply includes all savings accounts.

RCI Bank
Freedom Savings Account RCI Bank
Min deposit £100
Term Instant Access
Interest AER 0.72%

Why we like it: Which? Recommended Savings Provider. No notice period. Deposit from £100. Interest paid monthly or annually. Apply in minutes. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services. Compensation Scheme (FSCS)

Shawbrook Bank
45 Day Notice Account Shawbrook Bank
Min deposit £1000
Term 45 Days Notice
Interest AER 0.55%

Why we like it: Interest can be paid monthly or annually. £500,000 maximum balance. FSCS Protected. Must be UK resident and aged 18 or older. Unlimited withdrawals subject to 45 days notice

Shawbrook Bank
120 Day Notice Account Shawbrook Bank
Min deposit £1000
Term 120 Days Notice
Interest AER 0.6%

Why we like it: Interest can be paid monthly or annually. £500,000 maximum balance. FSCS Protected. Must be UK resident and aged 18 or older. Unlimited withdrawals subject to 45 days notice

Habib Bank Zurich
Fixed Rate Bond Habib Bank Zurich
Min deposit £1000
Term 1 Year
Interest AER 1.00%

Why we like it: Minimum deposit £1000. No withdrawals permitted. Apply online. Eligible deposits covered by UK FSCS.

Hodge Bank
Fixed Rate Bond Hodge Bank
Min deposit £1000
Term 18 Months
Interest AER 0.95%

Why we like it: Minimum deposit £1,000. Interest paid at maturity. No withdrawals permitted. Apply online. Eligible deposits covered by UK FSCS.

RCI Bank
Fixed Rate Bond RCI Bank
Min deposit £1000
Term 2 Years
Interest AER 1.05%

Why we like it: Which? Recommended Savings Provider. Save from £1,000 to £1,000,000. No withdrawals before the end of the term. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)

RCI Bank
Fixed Rate Bond RCI Bank
Min deposit £1000
Term 3 Years
Interest AER 1.20%

Why we like it: Which? Recommended Savings Provider. Save from £1,000 to £1,000,000. No withdrawals before the end of the term. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)

RCI Bank
Fixed Rate Bond RCI Bank
Min deposit £1000
Term 4 Years
Interest AER 1.35%

Why we like it: Which? Recommended Savings Provider. Save from £1,000 to £1,000,000. No withdrawals before the end of the term. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)

RCI Bank
Fixed Rate Bond RCI Bank
Min deposit £1000
Term 5 Years
Interest AER 1.40%

Why we like it: Which? Recommended Savings Provider. Save from £1,000 to £1,000,000. No withdrawals before the end of the term. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)

Santander
123 Current Account Santander
Open With £500
Account Type Current Account
Interest AER 1.00%

Why we like it: Earn 1.00% AER (variable) interest on balances up to a maximum of £20,000. Up to 3% CASHBACK on various household bills. Monthly fee of £5. Cashback capped at £5 for each cashback tier each month. Must pay in £500 pm.

Think Money
Mobile App Bank Account Think Money
Maximum Monthly Fee £10
Account Type Mobile Bank Account
Features A New Way to manage your money

Why we like it: Check where you’re up to anytime, anywhere with our app and online banking. Keep track of your money with real-time balance and transaction details. Instant spending alerts. Send money in seconds to your existing payees or set up new ones. Contactless debit card. Pay in cash and cheques at the Post Office. Use your fingerprint or facial recognition as a way to access your account. Lock your card if you lose it, and unlock it again if it turns up. No minimum monthly pay in. No fees if we’re refusing a payment due to lack of funds (such as if a Direct Debit bounces). No credit checks. Improve your credit score. Apply in a few minutes with no tricky questions

Compare Cumberland Building Society savings accounts

A good savings account can help your savings grow and allow you to reach your savings goals faster. The savings account that is right for you will depend on how much savings you have, how long you are prepared to lock your savings up for and the interest you want to receive.

Current Accounts

High street banks have increased their current accounts’ interest rates, as a way to entice more customers to open an account.

This increase in interest rates has led to people using current accounts to earn more interest on their savings.

Cumberland Building Society have an attractive rate of interest on their current account and certain rewards for switching to it.

Instant Access Savings Accounts

An instant access account can give you ultimately flexibility with your savings. In exchange for modest interest, instant access accounts allow unlimited withdrawals without any penalty charges.

The Instant Savings and eSavings account from Cumberland Building Society gives you the opportunity to earn interest and access your savings at your convenience.

Notice Savings Accounts

Typically, notice savings accounts offer higher interest with more restricted access to your savings. If it is unlikely that you will need your savings instantaneously then a notice savings account might be a good option for you.

Cumberland Building Society’s 40 Day Notice account offers slightly higher interest than their instant access account but requires 40 days’ notice to make a withdrawal.

Regular Savings Accounts

A regular savings account might be the right account for you, if you are prepared to agree to put aside a certain amount each month. 

The Regular Saver account and the First Home Saver account are Cumberland Building Society’s two regular savings accounts. Both accounts come with unique features that make them attractive options for any regular saver.

Fixed Rate Bonds

Fixed rate bonds allows you to access some of the market leading interest rates for your savings, providing you do not make any withdrawals for the life of the bond.

Cumberland Building Society has a fixed term bond that offers competitive interest paid either monthly or annually.

Cash ISAs

The ISA products available through Cumberland Building Society can help you to get £20,000 tax-free interest.

Cumberland Building Society offer three different ISA options:  Instant Cash ISA, Fixed Interest Fixed Term Cash ISA and their Help to Buy ISA.

Latest news

Pensioner Bond Maturity - 5 Ideas For Your Cash

From January 2018 over 900,000 people who invested in pensioner bonds will start to see their bonds mature. Savers who have been enjoying 4% pa are going to get a shock when they look for comparable returns from cash in the current market. We have put together 5 ideas for your cash in 2018

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Simplysavingsaccounts.co.uk is a trading style of Fair Investment Company Ltd.

We've been comparing savings and current accounts for many years so you can trust you're in good hands.