Double Access ISA

Account name

Double Access ISA

What is the interest rate?

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

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

Can The Cambridge change the interest rate?

Yes, the Double Access ISA has a variable rate of interest which can go up or down. We may change interest rates at any time if we reasonably believe that the change is needed.

See the ‘interest’ section of Terms and Conditions for full details.

What would the estimated balance be after 12 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.

How do I open and manage my account?

Opening the account:

• open online, in branch, by phone, via The Cambridge Money App or via post
• the minimum amount required to open the account is £100
• you may transfer in funds from another ISA provider or funds already held in an ISA with The Cambridge
• 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 branch or post.

For online applications, we require details of your nominated account.

Manage the account:

• manage your account online or via The Cambridge Money App, in store, by phone or via post
• you can add to the balance of your account at any time via: 
  • Cash - branch only
  • Cheque – branch and post
  • Debit card – branch, online and phone
  • Transfer from an existing Cambridge account
  • Transfer from another bank or building society account
  Take a look at our guide for more information. 
• you may invest all or part of your 2026/2027 ISA subscription limit of £20,000. You can continue your ISA each year without the need to re-apply
• 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?

After the first 7 days you can withdraw cleared funds from your account twice in a calendar year without giving notice or paying a fee. Any additional withdrawals made during the year will be subject to a 120 day interest penalty fee. 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.

You can also transfer cleared funds via electronic transfer (Faster Payments) to your Nominated Account.

You can withdraw a maximum of £85,000 to your Nominated Account.

Additional information

It’s important you understand how an ISA works, so take a look at our ISA 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.