The Cambridge Members' Notice ISA
Features & Benefits
- This is a Cash ISA
- Available only to existing members resident in the UK and aged 16 or over who have held a savings or mortgage account with us for at least three months
- Maximum subscription each tax year is currently £5,340
- You choose between giving us 60 days’ notice of withdrawal, or instant access with 60 days’ interest penalty
- Interest paid annually on 31st December
Product Summary
| Key Product Information for our Savings Account | |
|---|---|
| Account name | The Cambridge Members' Notice ISA |
| Interest rates (AERs) | Interest rates are variable. Current interest rates can be found on the interest rates tab. |
| 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 choose between giving us 60 days’ notice before taking money out of your account or taking cleared funds from your account immediately and paying an interest penalty equivalent to 60 days’ interest on the amount withdrawn. |
| Access | You may operate your account at any of our local branches, via post and payments can be made into the account over the telephone using a debit card. |
Interest Rates
Current interest rates
| The Cambridge Members' Notice ISA Rates effective from 18th June 2009 |
|||
|---|---|---|---|
| Minimum investment | Tax free p.a.% | AER % | Non-stakeholder |
| £500+ | 1.90 | 1.90 | Non-stakeholder |
| £20,000+ | 2.10 | 2.10 | Non-stakeholder |
| £25,000+ | 2.60 | 2.60 | Non-stakeholder |
Interest rates are variable.
Interest paid annually on 31st December.
The Cambridge Members' Notice Cash 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.
When interest rates increase we will advertise the new rates, within three working days of the change, in at least two local newspapers (usually Cambridge News and Weekly News) and by placing notices in our branches. We will also place a notice on our website.
When interest rates reduce, we will personally tell you about it at least 14 days before we make the change if the change is material. Please refer to condition 7.7 of the ‘Terms and Conditions for Savers' for a more detailed explanation.
Previous interest rates
| The Cambridge Members Notice ISA Rates effective from 6th March 2009 to 17th June 2009 |
|||
|---|---|---|---|
| Minimum investment | Tax free p.a.% | AER % | Non-stakeholder |
| £500+ |
2.10 |
2.10 | Non-stakeholder |
| £20,000+ | 2.30 | 2.30 | Non-stakeholder |
| £25,000+ | 2.90 | 2.90 | Non-stakeholder |
Terms & Conditions
Please read all the terms and conditions before applying to open an account.
Download Terms and Conditions for Savers
Download Special terms and conditions for Members' Notice ISAs
Apply Now
Our Members' Notice Cash ISA 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 terms & conditions for Members' Notice ISAs 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 Members' Notice ISAs
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 or their account number eg. The Cambridge Building Society, account name or number.
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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