3 Year e-Bond
Features & Benefits
- Exclusively available to open online
- Allows you to invest your savings for a fixed term at an interest rate that won't change
- You need a minimum of £1,000 to open your account
- Online account management
- You can add to the balance of your account whilst The Cambridge 3 Year
e-Bond remains open to new investors - Withdrawals are not permitted during the fixed rate term
- The Cambridge 3 Year e-Bond will mature on 15th April 2014
- Interest is calculated daily and paid annually on 31st December or monthly on the last day of the month
- This is a limited issue - the bond will be withdrawn when fully subscribed
Product Summary
| Key Product Information for our Savings Account | |
|---|---|
| Account name | The Cambridge 3 Year e-Bond. |
| Interest rates (AERs) | Interest rates are fixed until 15th April 2014. Current interest rates can be found in our interest rates tab. On maturity, the Bond will transfer to our Cambridge e-Maturity Account which pays a variable rate of interest. |
| Tax status | Interest is paid net of tax unless you have registered to receive interest with no tax deducted. If you have registered, interest will be paid gross. |
| Conditions for bonus payment | Not applicable. |
| Withdrawal arrangements | Withdrawals are not permitted during the fixed rate term. |
Interest Rates
| The Cambridge 3 Year e-Bond Rates effective from 29th March 2011 |
||||||
|---|---|---|---|---|---|---|
| Annual Interest | Monthly Interest | |||||
| Minimum investment | Gross p.a. % | AER % | Net p.a. % | Gross p.a. % | AER % | Net p.a. % |
| £1,000+ | 3.75 | 3.75 | 3.00 | 3.75 | 3.82 | 3.00 |
Interest rates are fixed until 15th April 2014.
Annual interest paid on 31st December. Monthly interest paid on the last day of each month. Interest can be added to your account (annual interest only), transferred to another Cambridge account or an external account with another bank or building society.
Interest will be paid at the net rate after the appropriate rate of income tax (currently 20%) has been deducted, or gross on receipt of the required declaration form. Where interest is paid net, the income tax may be reclaimed if the amount deducted exceeds the investor’s tax liability. Higher rate taxpayers will have to pay the extra due (the difference between tax deducted at 20% and the higher rate of 40%). Tax treatment and rate of interest payable will depend on individual circumstances and may change in the future. Net rates are illustrative only and have been rounded to two decimal places.
We calculate interest on the balance of your account at the end of each day. You earn interest from the day you pay funds into your account until the day before your bond matures.
Terms & Conditions
Please read all the terms and conditions before applying to open an account.
Download General Terms and Conditions for Online Savers
Download The Cambridge 3 Year e-Bond Product Terms
Apply Now
The Cambridge 3 Year e-Bond is exclusively available to open online, meaning there are no paper forms to complete and sign.
You will need to verify your identity and address when you apply for an account with The Cambridge.
Please note that for security reasons, online withdrawals are not available for the first 14 days after your account has been opened.
For your own benefit and protection, you should read the "General Terms & Conditions for Online Savers" and the product terms that relate to The Cambridge 3 Year e-Bond before applying to open the account.
More information
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