The Cambridge Launches New Online Savings Products
For those consumers searching for competitive savings products online, they can now turn to The Cambridge Building Society.
Following the recent launch of its Inflation Linked Bond, The Cambridge has now launched two new online savings products.
The 3-year e-Bond has an interest rate of 3.95%, replacing the previous product offering of 3.75%, available exclusively online*. People throughout the UK can open an account in as little as 5 minutes and can then manage their account from the comfort of their own home.
The Cambridge e-Saver is a new instant access account offering a 1.05% introductory bonus for the first 12 months, on top of the 1.75% standard rate of interest. This gives savers a rate of 2.80% interest for the first year, reverting back to 1.75% thereafter.
The Cambridge instant access e-Saver offers people a straightforward online savings account that gives the flexibility to pay money in and take it out when needed.**
Andy Lucas, Head of Cambridge Direct says, “We wanted to give customers across the UK the chance to save with us by offering convenient and competitive products.
“Our online accounts are easy to open and manage through the internet, but equally if a customer wants to talk things through with us, we have a dedicated team on-hand in our Customer Contact Centre in Cambridge. “
These new online products are available now at www.cambridgebs.co.uk/savings/online-accounts
Notes to editors:
*This is a limited issue product. The bond may be withdrawn when fully subscribed.
**The account does not require notice to remove funds and a penalty will not be given for withdrawing money.
By Suzanne Hazell on Tuesday 26th July 2011
