The Cambridge 1 Year Business Saver Bond Issue 18

Features & Benefits

  • Available to sole traders, partnerships, limited companies, registered charities, housing associations, societies, clubs or associations
  • Minimum investment is £5,000
  • Allows you to invest your savings for a fixed term at an interest rate that will not change
  • Your bond will mature one year after the date of opening
  • Once opened you cannot add to your account, but you may open more than one bond
  • Withdrawals are not permitted during the fixed rate term
  • Interest is paid on 31st December and on the maturity date 
  • This is a limited issue - the bond will be withdrawn when fully subscribed
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Product Summary

Key Product Information for our Savings Account
Account name

The Cambridge 1 Year Business Saver Bond Issue 18
Interest rates (AERs)

The interest rate is fixed until the maturity date. Current interest rates can be found in the interest rates tab.

On maturity the Bond will transfer to The Cambridge Easy Access Business Saver Issue 2 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 Withdrawals are not permitted during the fixed rate term.
Access

You may operate your account at any of our local branches or via post.
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Interest Rates

The Cambridge 1 Year Business Saver Bond Issue 18
Rates effective from 28th March 2012
Minimum investmentGross p.a.%AER% Net p.a.%
£5,000+ 2.85 2.85 2.28

Interest rates are fixed.

Interest is paid on 31st December and on the maturity date.

Interest paid will be at the net rate after the appropriate rate of income tax (currently 20%) has been deducted, or gross if declared on the application form. An account holder who is an individual may be liable to assessment to income tax at a higher rate upon the gross equivalent amount of interest received.

The receipt of interest gross by a company will not prevent that interest being liable to corporation tax. Where an account holder who is a company (as defined by S832(1) ICTA 1988) receives interest after deduction of income tax at the appropriate rate it will receive credit for the income tax suffered against its own liability to account for income tax on certain payments under schedule 16 ICTA 1988. In cases where such income tax exceeds the company’s liability so to account, the company may under S7(2) ICTA 1988 set the excess off against its corporation tax liability or, where the amount of its corporate tax liability is less, claim a repayment.

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.

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Apply Now

All you need to do is download and complete the application form and send it, along with your cheque (made payable to your business name), to the address below.

For your own benefit and protection, you should read both the "Terms and Conditions for Business Savers" leaflet and the "1 Year Business Saver Bond Issue 18 Special Terms and Conditions" leaflet 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 Business Savers

Download 1 Year Business Saver Bond Issue 18 Special Terms and Conditions

To apply

Once you have completed your application form please send it with your cheque deposit and proof of identification to the freepost address below. Please make cheques payable to the business name. 

Customer Contact Centre
The Cambridge Building Society
FREEPOST CB357 (No stamp required)
PO Box 232
Cambridge
CB5 8BR

Verifying your identity

We usually use an electronic verification system to verify your identity when you open a savings account with us. This is normally all that is required but there may be occasions where we may need to ask you for further proof of 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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