The Cambridge e-Maturity account
The Cambridge e-Maturity account is exclusively available for existing customers with a maturing e-Bond.
Features & Benefits
- Exclusively available for e-Bond maturities
- A straightforward online savings account that gives you the flexibility to pay money in and take it out when you want
- Minimum balance is only £1 and you can invest up to £1,000,000
- Instant access - no notice - no penalties
- Online account management
- Interest paid annually on 31st December or monthly on the last day of the month
Product Summary
| Key Product Information for our Savings Account | |
|---|---|
| Account name | The Cambridge e-Maturity account |
| Interest rates (AERs) | Interest rates are variable. Current interest rates can be found in our 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 can take out cleared funds from your account at any time and without interest penalty to any of your nominated accounts by electronic transfer (Faster Payments). |
| Access | Account operated online. |
Interest Rates
| The Cambridge e-Maturity account Rates effective from 29th March 2011 |
||||||
|---|---|---|---|---|---|---|
| Annual Interest | Monthly Interest | |||||
| Minimum investment | Gross p.a. % | AER % | Net p.a. % | Gross p.a. % | AER % | Net p.a. % |
| £1+ | 1.75 | 1.75 | 1.40 | 1.75 | 1.76 | 1.40 |
Interest rates are variable.
Annual interest paid on 31st December. Monthly interest paid on the last day of each month. Interest can be added to your account (annual interest only), transferred to another Cambridge account or an external account with another bank or building society.
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 tell you about the new interest rates within 30 days of the change by email. We will also place a notice on our website.
When interest rates reduce, we will tell you about it at least 14 days before we make the change by email. Please refer to general term 12 of the ‘General Terms and Conditions for Online Savers' for a more detailed explanation.
Terms & Conditions
Please read all the terms and conditions relevant to the e-Maturity account.
Download General Terms and Conditions for Online Savers
Download The Cambridge e-Maturity account Product Terms
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