Exclusively available to customers with a maturing e-Bond. The Cambridge e-Maturity Account offers online access to your matured savings and tracks the Bank of England base rate until 14th December 2017.
About the account
About the account
The information below will give you an overview of the account, but please read the terms and conditions for all the details.
|What is the interest rate?||
Interest rate tracks the Bank of England base rate, currently 0.25%, plus 0.25% until 14th December 2017. You can keep track of the Bank of England base rate here.
We calculate interest on the balance of your account at the end of each day. You earn interest from the day your funds are paid into your account, until the day before you withdraw your funds.
Annual interest is paid on 31st December. Monthly interest is paid on the last day of each month.
|Can The Cambridge change the interest rate?||
The interest rate is guaranteed to track any changes in the Bank of England base rate within one month of a Bank of England announcement. We will notify you of any changes to your interest rate within 14 days of the change.
|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 and interest is paid annually. Projections are for illustrative purposes only and do not take into account individual circumstances.
|How do I open and manage my account?||
Exclusively available to customers with a maturing e-Bond.
The account is automatically opened when your existing e-Bond matures.
You can manage your account online through our website cambridgebs.co.uk.
You can add to the balance of your account at any time, deposits into the account can be made online via debit card payment or electronic transfer.
Invest between £1 and £1,000,000.
The overall maximum holding by any one person in respect of all accounts with The Cambridge is £1,000,000.
|Can I withdraw money?||
By logging into your account via our website you can withdraw cleared funds at any time without giving notice or paying a fee. You can transfer funds via electronic transfer (Faster Payments) to your Nominated Account or payees.
You can withdraw a maximum of £50,000 per day to your Nominated Account and your payees have a maximum payment limit of £5,000 per day.
Terms and conditions
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.
Third party operation