2 Year Fixed Rate Bond

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Issue 80

I want to deposit per month
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What could you get?

Your interest rate will be 1.50%

Your estimated balance after 1 years will be 21,546.55

This estimate is for illustration purposes only and assumes your savings are paid in on the 1st January and no further deposits or withdrawals are made

Summary box

Account name

2 Year Fixed Rate Bond (Issue 80)

What is the interest rate?

Your interest will be paid annually, on the 31st December and at maturity. 

We calculate the interest on the balance of your account at the end of each day.

Minimum investment Gross p.a. / AER %
£1,000+ 1.55%

You earn interest from the day you pay funds into your account until the day before your bond matures.

Can The Cambridge change the interest rate?

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

What would the estimated balance be after 24 months with a £1,000 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 p.a. / AER %

Estimated balance after 24 months

£1,000

1.55%

£1,031.24

How do I open and manage my account?

Opening the account:

  • open in branch, by phone or via post
  • the minimum amount required to open the account is £1,000
  • invest between £1,000 and £1,000,000
  • the overall maximum holding by any one person in respect of all accounts with The Cambridge is £1,000,000

 

Managing the account:

  • manage your account in branch, by phone or via post
  • once opened you can't add to your account
  • you can view and amend your details online or via The Cambridge money app. Once registered you can also use our online services to manage your account

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 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

Apply now

Here is some important information to review before you open your account:

  1. Product terms and conditions

    Please read all the terms and conditions for this product

  2. Savings terms and conditions

    Please read The Cambridge Building Society’s savings terms and conditions

  3. Financial Services Compensation Scheme (FSCS)

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

    Please read the FSCS Information Sheet. It provides basic information about the protection of your savings deposit.

The 2 Year Fixed Rate Bond (Issue 80) can be opened in branch, by phone or via post.

Let our experts get your account up and running

Simply call us on:
0345 601 4021Open now until 8:30 pm

You will need to provide:

  • a mobile number
  • an email address
  • payment to open the account

To open an account in branch pop in and speak to one of the team.

Find a branch

To apply by post download, print and complete the application form below.

Savings_Application_Form.pdf

Post the form, along with your cheque deposit (made payable to the account holder e.g. Mr A Anon).

Simply address your envelope (using upper case letters) to:
FREEPOST THE CAMBRIDGE BUILDING SOCIETY

More information

You may also like to read about our complaints process and the steps you can take to protect your account

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