The Cambridge 90 Day Notice account
Features & Benefits
- Open your account with a minimum of £10,000 and invest up to £500,000
- You choose between giving us 90 days' notice of withdrawal or instant access with 90 days’ interest penalty
- Interest paid annually on 31st December or monthly on the last day of the month
- The more you save, the more you earn; we pay higher interest rates on larger balances
- Interest rates are variable and may change from time to time
Product Summary
| Key Product Information for our Savings Account | |
|---|---|
| Account name | The Cambridge 90 Day Notice Account |
| Interest rates (AERs) | Interest rates are variable. Current interest rates can be found in the interest rates tab. |
| 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 | You choose between giving us 90 days’ notice before taking money out of your account or taking cleared funds from your account immediately and paying an interest penalty equivalent to 90 days’ interest on the amount withdrawn.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 90 Day Notice Account Rates effective from 14th May 2010 |
||||||
|---|---|---|---|---|---|---|
| Annual Interest | Monthly Interest | |||||
| Minimum investment | Gross p.a. % | AER % | Net p.a. % | Gross p.a. % | AER % | Net p.a. % |
| £10,000+ | 1.80 | 1.80 | 1.44 | 1.75 | 1.76 | 1.40 |
| £25,000+ | 2.00 | 2.00 | 1.60 | 1.90 | 1.92 | 1.52 |
| £50,000+ | 2.10 | 2.10 | 1.68 | 2.00 | 2.02 | 1.60 |
| £100,000+ | 2.20 | 2.20 | 1.76 | 2.10 | 2.12 | 1.68 |
Interest rates are variable.
Interest paid annually on 31st December. Monthly interest paid on the last day of each month.
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 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 90 Day Notice Account Rates effective from 3rd April 2009 to 13th May 2010 |
||||||
|---|---|---|---|---|---|---|
| Annual Interest | Monthly Interest | |||||
| Minimum investment | Gross p.a. % | AER % | Net p.a. % | Gross p.a. % | AER % | Net p.a. % |
| £10,000+ | 2.00 | 2.00 | 1.60 | 1.95 | 1.97 | 1.56 |
| £25,000+ | 2.20 | 2.20 | 1.76 | 2.10 | 2.12 | 1.68 |
| £50,000+ | 2.30 | 2.30 | 1.84 | 2.20 | 2.22 | 1.76 |
| £100,000+ | 2.40 | 2.40 | 1.92 | 2.30 | 2.32 | 1.84 |
Terms & Conditions
Please read all the terms and conditions before applying to open an account.
Download Terms and Conditions for Savers
Download The Cambridge 90 Day Notice Account Special terms and conditions
Apply Now
Our 90 Day Notice Account 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 90 Day Notice Account 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 The Cambridge 90 Day Notice Account 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 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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