3 Year Children’s Fixed Rate Bond

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Issue 1

I want to deposit per month

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, no further deposits or withdrawals are made and the interest is added to your savings balance

Summary box

Account name

3 Year Children’s Fixed Rate Bond

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+ 2.00%

You earn interest from the day your funds are paid 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 three years from the date of your initial deposit.

What would the estimated balance be after 36 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. 


Gross p.a. / AER %

Estimated balance after 36 months




How do I open and manage my account?

Opening the account:

  • open in branch or via post
  • available to savers aged up to and including 15 years old
  • account must be opened with an operator who will be removed when the child turns 18
  • invest between £1,000 and £20,000
  • the overall maximum holding by any one person in respect of all accounts with The Cambridge is £2,000,000
  • to open your account we need to verify your child's and your identity, see here for more information about the documents you'll need to provide

Manage the account:

  • manage your account in branch 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

Can I withdraw money?

Withdrawals and account closures aren’t permitted during the fixed rate term.

Upon maturity the balance including any accrued interest will transfer to a 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 need to tell HMRC if your child earns more than £100 in interest from money given by one parent, or more than £200 if given by 2 parents, this interest is liable for tax. 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 3 Year Children's Fixed Rate Bond (Issue 1) can be opened in branch or via post.

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.

Childrens Account 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:

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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