The Cambridge Brighter Savings Bond
The Cambridge releases limited edition Brighter Savings Bond
In celebration of its bright new look, The Cambridge is to issue Brighter Savings Bonds at 3.70% fixed interest rate until 23 July 2013
The Brighter Savings Bonds, which are a once-only offer and limited to one per customer, will be available at The Cambridge from Thursday 24 March 2011 for new and existing members who wish to invest a minimum of £1,000 and up to a maximum of £20,000.
This exceptional opportunity will allow customers to invest their savings for a fixed term at an extremely competitive rate that won’t change until the bonds mature on 23 July 2013. The limited issue Brighter Savings Bonds will be withdrawn when fully subscribed and a minimum of 50% of the opening balance must be new funds, not already invested with The Cambridge.
Notes to Editors
- Established in 1850, The Cambridge is an independent, mutual organisation with over 130,000 members and assets of almost £900 million.
- The Society’s head office is based in the centre of Cambridge supporting a network of 19 branches located in the majority of nearby towns and surrounding villages within a 30-mile radius of Cambridge.
- The Gross rate is the contractual rate of interest payable before deduction of income tax at the rate specified by law (currently 20%). The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually. Interest is paid on maturity. Tax treatment and rate of interest payable will depend on individual circumstances and may change in the future.
By The Cambridge on Thursday 24th March 2011