1 Year Fixed Rate e-ISA

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Issue 2

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

Summary box

Account name

1 Year Fixed Rate e-ISA (Issue 2)

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 cash ISA at the end of each day.

Minimum investment Tax-free p.a. / AER %
£500+ 1.50%

You earn interest from the day your funds are paid into your account, until the day before you withdraw funds.

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 £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

Tax-free p.a. / AER %

Estimated balance after 12 months

£1,000

1.50%

£1,015.00

How do I open and manage my account?

Opening the account:

  • open online
  • the minimum amount required to open the account is £500
  • you may invest all or part of your 2019/20 ISA subscription limit of £20,000 on opening. Additional deposits are not permitted
  • you may request to transfer in funds from another ISA provider or funds already held in an ISA with The Cambridge within the first 30 days of the account being opened
  • the overall maximum holding by any one person in respect of all accounts with The Cambridge is £2,000,000

Manage the account:

  • manage your account online or via The Cambridge Money App
  • your deposit can be made online via debit card payment or electronic transfer
  • any payments we receive that exceed the annual subscription limits will be returned to you and the method we return this by will be at our discretion

Can I withdraw money?

Partial withdrawals or partial ISA transfers to another ISA provider aren’t permitted during the fixed rate term.

You may transfer the total amount of your Cash ISA to another ISA provider, but you’ll need to pay an interest penalty fee equivalent to 120 days’ interest.

You may close the account and withdraw the funds before the fixed term ends, but you’ll need to pay an interest penalty fee equivalent to 120 days’ interest.

Upon maturity the ISA balance including any accrued interest will transfer to an appropriate instant access ISA available at the time and provide instant access to your money.

Additional information

It’s important you understand how an ISA works, so take a look at our ISAs guide for more information. 

Cash ISAs pay interest tax-free provided all terms and conditions of the account are met.

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. 

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 1 Year Fixed Rate e-ISA (Issue 2) is exclusively available to open online.

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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