Current interest rates for savers
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The Cambridge e-Saver Issue 4 |
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|---|---|---|---|---|---|---|---|
| Annual Interest | Monthly Interest | ||||||
| Minimum investment | Bonus* | Gross p.a.% | AER% | Net p.a.% | Gross p.a.% | AER% | Net p.a.% |
| £1+ | Including bonus | 2.75 | 2.75 | 2.20 | 2.75 | 2.78 | 2.20 |
| £1+ | Excluding bonus | 1.75 | 1.75 | 1.40 | 1.75 | 1.76 | 1.40 |
Interest rates are variable.
*In addition to the variable interest rate payable, the account will earn an introductory bonus of 1.00% Gross p.a./AER during the first year from the date it is opened. The bonus will be calculated on a daily basis, and will be earned on your investment in the account up to and including the day before the anniversary of the account opening, or up to and including the day before the closure of the account, whichever is earlier. The bonus will be paid at the same time as the variable interest.
The Cambridge 2 Year e-Bond Issue 2
| The Cambridge 2 Year e-Bond Issue 2 Rates effective from 17th May 2012 |
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|---|---|---|---|---|---|---|
| Annual Interest | Monthly Interest | |||||
| Minimum investment | Gross p.a.% | AER% | Net p.a.% | Gross p.a.% | AER% | Net p.a.% |
| £1,000+ | 3.35 | 3.35 | 2.68 | 3.35 | 3.40 | 2.68 |
Interest rates are fixed until 31st July 2014.
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ISAs
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The Cambridge Instant Access ISA |
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|---|---|---|---|
| Minimum investment | Tax free p.a.% | AER% | Stakeholder |
| £1+ | 0.70 | 0.70 | Stakeholder |
| £3,000+ | 1.30 | 1.30 |
Stakeholder |
Interest rates are variable.
Members' Notice ISA
| The Cambridge Members' Notice ISA Rates effective from 18th June 2009 |
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|---|---|---|---|
| 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.
1 Year Fixed Rate ISA Issue 7
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The Cambridge 1 Year Fixed Rate ISA Issue 7 |
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|---|---|---|---|
| Minimum investment | Tax free p.a.% | AER% | Non-stakeholder |
| £500+ | 2.85 | 2.85 | Non-stakeholder |
Interest rates are fixed until 31st July 2013.
2 Year Fixed Rate ISA Issue 7
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The Cambridge 2 Year Fixed Rate ISA Issue 7 |
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|---|---|---|---|
| Minimum investment | Tax free p.a.% | AER% | Non-stakeholder |
| £500+ | 3.35 | 3.35 | Non-stakeholder |
Interest rates are fixed until 31st July 2014.
3 Year Fixed Rate ISA Issue 7
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The Cambridge 3 Year Fixed Rate ISA Issue 7 |
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|---|---|---|---|
| Minimum investment | Tax free p.a.% | AER% | Non-stakeholder |
| £500+ | 3.50 | 3.50 | Non-stakeholder |
Interest rates are fixed until 31st July 2015.
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The Cambridge Instant Access Reward Account |
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|---|---|---|---|
| Minimum investment | Gross p.a.% | AER% | Net p.a.% |
| £1+ | 0.01 | 0.01 | 0.01 |
| £10,000+ | 0.25 | 0.25 | 0.20 |
| £50,000+ | 0.50 | 0.50 |
0.40 |
| The Cambridge 90 Day Notice Account Rates effective from 14th May 2010 |
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|---|---|---|---|---|---|---|
| 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 |
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The Cambridge 1 Year Fixed Rate Bond Issue 44 |
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|---|---|---|---|
| Minimum investment | Gross p.a.% | AER% | Net p.a.% |
| £1,000+ |
2.85 | 2.85 | 2.28 |
Interest rates are fixed until 28th May 2013.
2 Year Fixed Rate Bond Issue 45
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The Cambridge 2 Year Fixed Rate Bond Issue 45 |
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|---|---|---|---|
| Minimum investment | Gross p.a.% | AER% | Net p.a.% |
| £1,000+ | 3.35 | 3.35 | 2.68 |
Interest rates are fixed until 28th May 2014.
3 Year Fixed Rate Bond Issue 46
|
The Cambridge 3 Year Fixed Rate Bond Issue 46 |
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|---|---|---|---|
| Minimum investment | Gross p.a.% | AER% | Net p.a.% |
| £1,000+ | 3.50 | 3.50 | 2.80 |
Interest rates are fixed until 28th May 2015.
5 Year Fixed Rate Bond Issue 47
|
The Cambridge 5 Year Fixed Rate Bond Issue 47 |
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|---|---|---|---|
| Minimum investment | Gross p.a.% | AER% | Net p.a.% |
| £1,000+ | 4.00 | 4.00 | 3.20 |
Interest rates are fixed until 31st May 2017
Regular Savings Bond Issue 2
|
The Cambridge Regular Savings Bond Issue 2 |
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|---|---|---|---|---|
| Minimum investment | Bonus | Gross p.a.% | AER% | Net p.a.% |
| £20+ | Excluding conditional bonus |
0.05 | 0.05 | 0.04 |
| £20+ | Including conditional bonus |
3.05 | 3.05 | 2.44 |
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The Cambridge First Account |
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|---|---|---|---|
| Minimum investment | Gross p.a.% | AER% | Net p.a.% |
| £1+ | 1.70 | 1.70 | 1.36 |
| The Cambridge Easy Access Business Saver Issue 2 Rates effective from 14th July 2011 |
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|---|---|---|---|
| Minimum investment | Gross p.a.% | AER% | Net p.a.% |
| £1,000+ | 1.00 | 1.00 | 0.80 |
Interest rates are variable.
Notice Business Saver Issue 2
| The Cambridge Notice Business Saver Issue 2 Rates effective from 14th July 2011 |
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|---|---|---|---|
| Minimum investment | Gross p.a.% | AER% | Net p.a.% |
| £5,000+ | 1.75 | 1.75 | 1.40 |
Interest rates are variable.
6 Month Business Saver Bond Issue 17
| The Cambridge 6 Month Business Saver Bond Issue 17 Rates effective from 10th February 2012 |
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|---|---|---|---|
| Minimum investment | Gross p.a.% | AER% | Net p.a.% |
| £5,000+ | 2.00 | 2.00 | 1.60 |
Interest rates are fixed until 31st October 2012.
1 Year Business Saver Bond Issue 18
| The Cambridge 1 Year Business Saver Bond Issue 18 Rates effective from 28th March 2012 |
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|---|---|---|---|
| Minimum investment | Gross p.a.% | AER% | Net p.a.% |
| £5,000+ | 2.85 | 2.85 | 2.28 |
Interest rates are fixed.
2 Year Business Saver Bond Issue 19
| The Cambridge 2 Year Business Saver Bond Issue 19 Rates effective from 28th March 2012 |
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|---|---|---|---|
| Minimum investment | Gross p.a.% | AER% | Net p.a.% |
| £5,000+ | 3.25 | 3.25 | 2.60 |
Interest rates are fixed.
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| The Cambridge Easy Access Council Saver Issue 2 Rates effective from 14th July 2011 |
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|---|---|---|
| Minimum investment | Gross p.a.% | AER% |
| £1,000+ | 1.00 | 1.00 |
Interest rates are variable.
Notice Council Saver Issue 2
| The Cambridge Notice Council Saver Issue 2 Rates effective from 14th July 2011 |
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|---|---|---|
| Minimum investment | Gross p.a.% | AER% |
| £5,000+ | 1.75 | 1.75 |
Interest rates are variable.
6 Month Council Saver Bond Issue 8
| The Cambridge 6 Month Council Saver Bond Issue 8 Rates effective from 10th February 2012 |
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|---|---|---|
| Minimum investment | Gross p.a.% | AER% |
| £5,000+ | 2.00 | 2.00 |
Interest rates are fixed until 31st October 2012.
1 Year Council Saver Bond Issue 9
| The Cambridge 1 Year Council Saver Bond Issue 9 Rates effective from 28th March 2012 |
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|---|---|---|
| Minimum investment | Gross p.a.% | AER% |
| £5,000+ | 2.85 | 2.85 |
Interest rates are fixed.
2 Year Council Saver Bond Issue 10
| The Cambridge 2 Year Council Saver Bond Issue 10 Rates effective from 28th March 2012 |
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|---|---|---|
| Minimum investment | Gross p.a.% | AER% |
| £5,000+ | 3.25 | 3.25 |
Interest rates are fixed.
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| The Cambridge Community Account Rates effective from 3rd April 2009 |
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|---|---|---|---|
| Minimum investment | Gross p.a.% | AER% | Net p.a.% |
| £1+ | 0.05 | 0.05 | 0.04 |
| £500+ | 0.05 | 0.05 | 0.04 |
| £5,000+ | 0.10 | 0.10 | 0.08 |
| £50,000+ | 0.25 | 0.25 |
0.20 |
Interest rates are variable.
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The Gross rate is the contractual rate of interest payable before deduction of income tax at the rate specified by law (currently 20%).
The Net rate is the rate paid after income tax has been deducted (currently 20%).
The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually. AERs on an account which pays monthly interest assumes interest is added to the account at the end of each month during the year. In practice, the option to have interest added in this way is not available on our monthly interest options.
The Tax-free rate is the contractual rate of interest payable where interest is exempt from income tax.
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.
Personal Accounts
Cash Individual Savings Accounts (ISAs) pay interest tax-free provided all terms and conditions of the account are met. On all other personal accounts, 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).
Business Accounts
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.
Council Accounts
Interest on Council Accounts will be paid with no tax deducted.
