Your Savings Maturity
Your savings, your choice
You’re probably visiting this page as your savings account is maturing which means it's reaching, or has reached, the end of its fixed term. If so, we’d like to say thank you for saving with The Cambridge, and let you know that we’ll be here to help you understand some of the options available for your hard-earned money.
What does savings maturity mean?
When a fixed-term savings account matures, it means that the time period that you initially agreed to hold your savings for, has come to an end. Upon maturity, most of these accounts will revert into a maturity account (you’ll find a list of our maturity accounts below) that will often have a lower interest rate than other savings products.
Maturity is therefore a great time to review your savings. At the Cambridge, we offer a range of savings accounts to suit different needs, from fixed-term to instant access, and our friendly team are always on hand to help find the right option for you.
My Savings account is maturing - what are my options?
At The Cambridge we offer several options for you to choose from when your account matures, so that you have the flexibility to save, move or spend your money however you choose:
Can I set up my instructions online?
Yes, you can set up your maturity instruction online or via the app. Just login to your account to view and select your maturity options.
Please note, you're only able to set up your maturity instructions online for personal savings accounts, before your account matures.
If you'd like to have online access to your account but don't already, you can find more information below:
If you take no action
When your fixed term ends, if you've not let us know what you'd like to do with the savings balance and any interest prior to the maturity date, it will transfer into one of our maturity accounts, which may not be our most competitive rate.
Completing a savings maturity form
As mentioned above, if you prefer to you can download a maturity form, or pick up a form from in store, and return to us:
- By post, using our freepost address: FREEPOST THE CAMBRIDGE BUILDING SOCIETY
- By handing it to a member of our team in your nearest store
The maturity form should always be signed by Signatories or Power of Attorneys.
Need a little help?
It’s nice to talk things through before making a decision, which is why our savings team are on hand to help.
With a savings review, we’ll look together at the alternative accounts that are available to you and discuss what might work best.
Book an appointment today by calling us on 0345 601 3344 or by visiting us in store.
I need more time to decide – what happens next?
On maturity, if we've not had your instructions, your savings will transfer into the maturity account named in the letter or email we’ve previously sent you.
The terms and conditions and interest rates for each of our maturity accounts can be found below. You can always get in touch with us if you know what you’d like to do at a later date.