Members' 2 Year Fixed Rate ISA

Account name

Members' 2 Year Fixed Rate ISA (Issue 71)

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.

Can The Cambridge change the interest rate?

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 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. 

How do I open and manage my account?

Opening the account:

• the account can only be opened by an existing member who has held a savings or mortgage account with The Cambridge for at least twelve months
• open in branch, by phone or via post
• the minimum amount required to open the account is £500
• you may request to transfer in funds from another ISA provider or funds held in an ISA with The Cambridge within 30 days of opening your account
• the overall maximum holding by any one person in respect of all accounts with The Cambridge is £2,000,000

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

Manage the account:

• manage your account online or via The Cambridge Money App, in store, by phone or via post
• you may invest all or part of your 2026/2027 ISA subscription limit of £20,000 within 30 days of opening your account
• after the first 30 days of opening 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
• 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

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?

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 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.

Products are subject to availability and may be withdrawn without notice.