The Cambridge 1 Year Fixed Rate ISA Issue 7

Features & Benefits

  • This is a cash ISA
  • Allows you to invest your savings for a fixed term at an interest rate that will not change
  • Minimum investment is £500
  • You may invest all or part of your 2012/2013 cash ISA subscription of £5,640 between 6th April 2012 and 5th April 2013
  • Your opening deposit can be made up of all or part of your 2012/2013 cash ISA subscription or a transfer of all or part of any previous tax years' cash ISA savings
  • Once opened, the initial investment can be added to during the 2012/2013 tax year only. Additional funds may not be added to the account during subsequent tax years
  • Transfers from another Cambridge Building Society ISA or another ISA provider are permitted up to and including 5th April 2013. This may include a transfer of all or part of any previous tax years’ cash ISA savings
  • You may take cleared funds from, close or transfer your account at any time, but you will need to pay an interest penalty equivalent to 90 days’ interest on the amount withdrawn or give 90 days’ notice
  • 1 Year Fixed Rate ISA Issue 7 will mature on 31st July 2013
  • Interest is calculated daily and is paid on 31st December and on the maturity date
  • Upon maturity the ISA balance including any accrued interest will transfer to an Instant Access Cash ISA which will pay variable interest rates
  • This is a limited issue – the ISA will be withdrawn when fully subscribed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 Fixed Rate ISA Issue 7
Interest rates (AERs) The interest rate is fixed until the maturity date of 31st July 2013. Current interest rates can be found in the interest rates tab.

On maturity, the account will transfer to our Instant Access Cash ISA which pays variable interest rates.
Tax status Interest is tax-free and is paid with no tax deducted as long as your account qualifies as an ISA.
Conditions for bonus payment Not applicable.
Withdrawal arrangements You may take cleared funds from or close your account at any time, but you will need to pay an interest penalty equivalent to 90 days’ interest on the amount withdrawn or give 90 days’ notice.
Access You may operate your account at any of our local branches or via post, and payment can be made into the account over the telephone using a debit card.
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Interest Rates

The Cambridge 1 Year Fixed Rate ISA Issue 7
Rates effective from 18th April 2012 
Minimum investmentTax free p.a.%AER %Non-stakeholder
£500+ 2.85 2.85 Non-stakeholder

Interest rates are fixed until 31st July 2013.

Interest is paid on 31st December 2012 and on the maturity date.

The Cambridge 1 Year Fixed Rate ISA pays interest tax-free provided all terms and conditions of the account are met. Tax treatment and rate of interest payable will depend on individual circumstances and may change in the future.

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 withdraw your funds and/or your ISA matures.

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Apply Now

Our 1 Year Fixed Rate Cash ISA Issue 7 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 special and product specific terms & conditions that relate to the 1 Year Fixed Rate Cash ISA 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 Special Terms and Conditions for Fixed Rate ISAs

Download 1 Year Fixed Rate ISA Issue 7 Product specific 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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© 2012 The Cambridge Building Society. The Cambridge Building Society is a member of the Building Societies Association and is authorised and regulated by the Financial Services Authority. It is entered on the FSA Register; registration number 157223. This site is intended for UK residents only. Communications with us may be monitored/recorded to improve the quality of our service and for your protection and security. Calls to The Cambridge Building Society’s 0845 number will be charged at local rate. Prices can be checked with your phone provider. Mobile calls usually cost more.