The Cumberland has been awarded a five-star rating for its business accounts.

The Moneyfacts Annual Star Ratings are made by independent experts at Moneyfacts who research and assess thousands of mortgages, savings, personal loans, pensions and business banking accounts, to find the best.

Simon Whitwham, head of Cumberland Business, said: “At The Cumberland we look to support the businesses in our community as best we can – through good times and bad – so we are especially pleased to receive these awards.”

“A five-star rating is a real mark of achievement and puts our accounts among the best of the best.

“However, our efforts and actions to help reduce the spread of coronavirus means we’re not opening new current accounts at the moment. We’ll reintroduce them at the appropriate time.”

Moneyfacts Group has been identifying the best financial products in the UK for more than 30 years.