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This comparison simply includes all savings accounts.

Nationwide
FlexDirect Current Account Nationwide
Open With £1000
Account Type Current Account
Interest AER 5.00%

Why we like it: 5.00% interest for 12 months on balances up to £2,500 for the first year. You must pay in £1,000 or more each month to receive interest (excluding transfers from any Nationwide account held by you or anyone else). 12 month fee-free arranged overdraft available. No monthly fee. Must be aged 18 or older.

RCI Bank
Freedom Savings Account RCI Bank
Min deposit £100
Term Instant Access
Interest AER 1.30%

Why we like it: MARKET LEADING RATE. No notice period. Deposit from £100. Interest paid monthly or annually. Apply in minutes.

Habib Bank Zurich
Fixed Rate Bond Habib Bank Zurich
Min deposit £1000
Term 1 Year
Interest AER 1.85%

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

Masthaven Bank
Flexible Term Saver Masthaven Bank
Min deposit £500
Term 30 Months
Interest AER 2.11%

Why we like it: 30 month term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected

RCI Bank
Fixed Rate Bond RCI Bank
Min deposit £1000
Term 3 Years
Interest AER 2.31%

Why we like it: Save from £1,000 to £1,000,000. No withdrawals before the end of the term. RCI Bank are protected up to a total of €100,000 by the FGDR (Fonds de Garantie Dépôts et de Résolution), the French deposit protection scheme. Apply online.

Vanquis
Fixed Rate Bond Vanquis
Min deposit £1000
Term 4 Years
Interest AER 2.52%

Why we like it: Minimum deposit £1,000. Interest paid monthly or annually. Apply online. Eligible deposits covered by UK FSCS.

Vanquis
Fixed Rate Bond Vanquis
Min deposit £1000
Term 5 Years
Interest AER 2.70%

Why we like it: Minimum deposit £1,000. Interest paid monthly or annually. Apply online. Eligible deposits covered by UK FSCS.

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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About us

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.