All About Savings

Interest on Personal Accounts is paid at the gross rate with no tax deducted.

Interest will be paid at the gross rate. The receipt of interest gross by a company will not prevent that interest from being liable to corporation tax. For information regarding tax or how to make a self-assessment tax return, please contact HMRC.

When the interest rate on your savings account increases we will place notices in our branches, on our website and in two newspapers within three working days of the change, or we'll let you know within 30 days of the change by email, letter or another form of personal notice. 

The interest rate for your savings account might decrease for a number of reasons, you might have a fixed term product that is coming to an end, your rate may be variable and therefore can change at any time or it may be linked to changes in the Bank of England Base Rate. 

When the interest rate on your savings account decreases we will tell you about the change, in writing, within 14 days of the change taking place. 

Take a look at our Terms and Conditions for Savers for a more detailed explanation.

You can view the interest on your savings account at any time online once you've registered for our online services.

Alternatively take a look at this pdf to find out the interest rate for your variable savings account where the product is no longer available. 

Don't worry, we've a dedicated number for our customers who've lost their passbook or security information - simply call the team on 0345 601 3344.

Find out when and how to get in touch by checking our Contact us page.

You can simply set your Cambridge savings account up with your bank so you can transfer to your savings as and when you want, the details you’ll need are:  

Sort Code: 20-17-55

Account Number: 40338346

Reference: This is your 10 digit Cambridge Building Society account number. You must quote this as a reference to ensure the payment reaches the Account

You can also call the team on 0345 601 3344 - they're able to take the payment over the phone. 

If you have an account with a fixed interest rate, this will not change for the duration of your fixed rate term.

If you have a variable rate savings account, it’s likely that the interest rate will change. We are currently reviewing the interest rates on all of our saving accounts.

If your savings account has a base rate tracker feature your interest rate will increase in line with the Bank of England base rate.