5 Year Fixed Rate Bond

Account name

5 Year Fixed Rate Bond (Issue 14)

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.

Can The Cambridge change the interest rate?

No. The interest rate is fixed until the maturity date, meaning it won’t go up or down during the fixed term. Your account will mature five years from the date of your initial deposit.

What would the estimated balance be after 60 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 or product special terms and conditions.

How do I open and manage my account?

Opening the account:

• open online, in store, by phone, via The Cambridge Money App or via post
• the minimum amount required to open the account is £1,000
• invest between £1,000 and £2,000,000
• the overall maximum holding by any one person in respect of all accounts with The Cambridge is £2,000,000

To open and operate the account you must supply an up-to-date mobile number and email address when you apply. If you are unable to provide these details or if this causes you any difficulties, please talk to a member of our team.

If you are opening this account as a third party, for example Power of Attorney, you’ll need to apply via store or post.

Managing the account:

• manage your account online or via The Cambridge Money App, in store, by phone or via post
• 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

If you are managing this account as a third party, for example Power of Attorney, you’ll only be able to manage this account via our stores, phone or post.

Can I withdraw money?

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

If you do not provide your maturity instructions ahead of your account maturing, the balance, including any accrued interest, will transfer to an account which provides instant access to your money available at the time.

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.