The Cambridge expands help for savers with new savings bonds
Responding to the need to support savers at a time of low interest rates, The Cambridge has launched two new savings Bonds to complement its existing range. Designed for customers who have savings they are able to lock away for a period of time, the new 1 Year Fixed Rate e-Bond and 3 Year Fixed Rate Bond (Issue 69) offer a choice of term and unique tiered interest rate feature. Savers also have options in how they open a new Bond with the 1 Year e-Bond being available to open online at a time and place of their choosing and the 3 Year Bond being available for branch and postal opening.
Commenting on these latest editions to the range, Dan Barker Product Manager said: “Savers continue to have a tough time following the Bank of England’s decision to cut the Bank Rate to a new low in August 2016. Available to new and existing customers these Bonds also reward savers with larger balances by paying a higher interest rate. This tiered approach is unique in the savings market and we’re expecting them to be popular.”
Savers can find more information about these new products by visiting their local branch or going to www.cambridgebs.co.uk/savings/bonds.
By Carole Charter on Friday 3rd February 2017