2 Year Fixed Rate ISA

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Issue 31

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

2 Year Fixed Rate ISA (Issue 31)

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+ 2.00%

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 two years from the date of your initial deposit.

What would the estimated balance be after 24 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. 


Tax-free p.a. / AER %

Estimated balance after 24 months




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 £500
  • you may transfer in funds from another ISA provider or funds already held in an ISA with The Cambridge up to 5th April 2024
  • 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 in branch, by phone or via post
  • you can pay in cash and cheques and make debit card payments at any of our branches or you can transfer funds from an existing Cambridge Building Society account
  • you may invest all or part of your 2022/2023 ISA subscription limit of £20,000 and all or part of your 2023/2024 ISA subscription limit. Additional funds can’t be added to the account during subsequent tax years
  • 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
  • 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?

You may withdraw cleared funds from your account at any time, but you will need to pay an interest penalty fee equivalent to 180 days' interest on the amount withdrawn.

Our normal branch limits for withdrawals are £500 in cash and up to £250,000 by cheque. Larger cheque withdrawals are available upon request. We require at least four working days before cheques paid into your account can be drawn against.

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.

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 ISA (Issue 31) 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 3344   Open today at 8:30 am

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.


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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