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1 Year Fixed Rate e-Bond (Issue 4)

Our 1 Year Fixed Rate e-Bond (Issue 4) allows you to invest your savings for a fixed term of one year, at an interest rate that won't change.

About the account

About the account

The information below will give you an overview of the account, please read the terms and conditions for all the details.

Summary box
Account name 1 Year Fixed Rate e-Bond (Issue 4)
What is the interest rate?
Minimum investment
Gross/AER p.a. %
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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.

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.

£5,000+ 1.15

Interest rate is fixed for one year.

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 your bond matures.

Interest is paid on 31st December and on maturity.

Can The Cambridge change the interest rate?

The interest rate is fixed until the maturity date. Your account will mature one year from the date of your initial deposit.

What would the estimated balance be after 12 months with a £5,000 deposit?

The following projection assumes the account is opened on 1st January and no further deposits or withdrawals are made. Projections are for illustrative purposes only and do not take into account individual circumstances.

Deposit
Gross/AER p.a. %
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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.

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.

Estimated balance after 12 months
£5,000 1.15 £5,057.50
How do I open and manage my account?

You can open and manage your account online. Your initial deposit can be made online via debit card payment or electronic transfer.

Invest between £5,000 and £1,000,000.

Once opened you can't add to your account – any payments received will be returned to you and the method we return this by will be at our discretion.

The overall maximum holding by any one person in respect of all accounts with The Cambridge is £1,000,000.

Can I withdraw money?

Withdrawals or account closures aren't permitted during the fixed rate term.

Upon maturity the balance including any accrued interest will transfer to the e-Maturity Account which provides instant access to your money.

Additional information

No tax will be automatically deducted from the interest paid on this account.

You may need to pay tax on any interest that exceeds your Personal Savings Allowance. For more information please contact HMRC.

Tax treatment and rate of interest payable will depend on individual circumstances and may change in the future.

Please be aware that our online savings accounts are not suitable for Power of Attorney or third party operation.

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The 1 Year Fixed Rate e-Bond (Issue 4) is exclusively available to open online, meaning there are no paper forms to complete and sign.

Terms and Conditions

Before choosing this account, please read all the terms and conditions.

If you do not understand any point, please call us on 0345 601 4021 for further information.

1 Year Fixed Rate eBond Issue 4 product terms and conditions

Terms and Conditions for Savers

Please make sure you're comfortable tying your money up for the full term. If you think you may need access to your savings during the fixed rate term please contact us to talk about other savings accounts that may better suit your needs. You should also know this is a limited issue bond and can be withdrawn at any time.


Verifying your identity

When applying for an account we will need to verify your identity. We normally use an electronic verification system to verify the identity of the account holder(s) but there may be occasions where we may need to ask you for further proof of your identity. Our Verifying your identity page includes our requirements if further proof is needed.


Financial Services Compensation Scheme (FSCS)

We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a building society is unable to meet its financial obligations.

It's important that you read the FSCS Information Sheet. It provides basic information about the protection of your savings deposits.

FSCS Information Sheet


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The 1 Year Fixed Rate e-Bond (Issue 4) 

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