Cumberland: First Home Saver (Issue 2)

Provider:
Cumberland
Account:First Home Saver (Issue 2)
Account type:Savings Account
Tax status:Taxable
Rates & conditions
Headline interest rate 2.25% AER
Interest rate type Variable
Interest payment frequency Annually
Rate tiers
Gross Rate Excluding BonusGross Rate Including BonusAER
£1002.25%2.25%2.25%
Introductory bonus No introductory bonus payable.
Interest rate guarantees There are no interest rate guarantees.
Interest payment options to same account
Opening the account
Minimum age 16 years
Maximum age -
Minimum deposit £100
Account opened
Branch
Post
Phone
Internet
Account conditions
  • Existing customers
  • Area Restrictions
  • Bonus conditions
  • Withdrawal conditions
Managing the account
Minimum balance £100
Minimum withdrawal £1
Minimum additional deposit £0
Maximum balance -
Withdrawal conditions Withdrawal Conditions - Instant access is permitted to withdraw funds to pay for a Cumberland Building Society mortgage deposit after which remaining balance is transferred to an alternative account or withdrawn, and the account is closed. All other withdrawals are subject to 90 days notice or the loss of 90 days interest on the money withdrawn.
Transactions
Branch
Post
Phone
Internet
Statement frequency annually
Additional information There is no additional information