The Cambridge 5 Year Fixed Rate Bond Issue 47
Features & Benefits
- 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
- Once opened you cannot add to your account, but you may open more than one bond
- Partial withdrawals are not permitted during the fixed rate term
- Early closure is permitted subject to a 180 day interest penalty on the balance of the account.
- Interest is calculated daily and is paid annually on 31st December and on the maturity date
- The Cambridge 5 Year Fixed Rate Bond Issue 47 will mature on 31st May 2017
- This is a limited issue - the bond will be withdrawn when fully subscribed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 5 Year Fixed Rate Bond Issue 47 |
| Interest rates (AERs) | The interest rate is fixed until the maturity date of 31st May 2017. Current interest rates can be found in the interest rates tab. On maturity, the account will transfer to The Cambridge Maturity Account which pays a variable interest rate. |
| 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 |
Partial withdrawals are not permitted during the fixed rate term, however early closure is permitted subject to a 180 day interest penalty on the balance of the account. |
| Access | You may operate your account at any of our local branches or via post and your opening deposit can be made over the telephone using a debit card. |
Interest Rates
|
The Cambridge 5 Year Fixed Rate Bond Issue 47 |
|||
|---|---|---|---|
| Minimum investment | Gross p.a.% | AER% | Net p.a.% |
| £1,000 + | 4.00 | 4.00 | 3.20 |
Interest rates are fixed until 31st May 2017.
Interest is paid annually on 31st December and on the maturity date.
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/additional rate). 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 you close your account or your bond matures.
Terms & Conditions
Please read all the terms and conditions before applying to open an account.
Download Terms and Conditions for Savers
Download Fixed Rate Bond Special terms and conditions
Apply Now
Our 5 Year Fixed Rate Bond Issue 47 can be opened via branch, post or telephone. To apply by post you need to download and complete an application form which is available below.
For your own benefit and protection, you should read the "Terms & Conditions for Savers" and the Fixed Rate Bond Special terms & conditions before applying to open the account. If you do not understand any point, please call us on 0845 601 3344 for further information.
Download Terms and Conditions for Savers
Download Fixed Rate Bond Special terms and conditions
To apply by post
Once you have completed your application form please send it with your cheque deposit and proof of identification to the freepost address below. Cheques made payable to the Society must also include the account holders name eg. The Cambridge Building Society, account name.
Customer Contact Centre
Cambridge Building Society
FREEPOST CB357 (No stamp required)
PO Box 232
Cambridge
CB5 8BR
To apply by phone
0845 601 3344
Mon-Fri: 8.30am - 8.30pm
Sat: 9am - 6pm
Sun: 11am - 5pm
We can complete secure payments over the telephone. We can accept payments from the following debit cards:
- Visa
- Visa Electron
- Maestro
- Solo
- V Pay
Verifying your identity
When applying for an account we will need to verify your identity. Please see our Verifying your identity page to check the requirements.
If you have any queries regarding our savings accounts or the account opening process, please do not hesitate to contact us on 0845 601 3344.
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