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A fixed rate account means you’ll always know where you stand.
Ideal if you want a guaranteed return on your investment.

We are proud winners of the Business Moneyfacts Award 2023 for Best Business Fixed Savings Account Provider.

Winner Business moneyfacts awards 2023

Facts

We accept applications for this savings account from academy schools (SAT and MAT), charitable companies (limited by guarantee), limited companies and sole traders who are based/incorporated in the UK and where they and any related entities (including parent companies, directors, controllers, shareholders, beneficiaries* or trustees) are liable to pay tax in the UK only and are 18 years old or over.

*Please note that this refers to owner beneficiaries of the charity as a legal entity/business, rather than beneficiaries in terms of individuals a charity supports through their philanthropic endeavours.

4.90% gross/AER fixed


Invest between £10,000 & £5m


No withdrawals

Key features

Speak directly to our UK team


Simple application process


We accept applications from:

Academy schools (SAT and MAT),
charitable companies (limited by guarantee),
limited companies,
and sole traders

Summary box

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Click here to print the summary document

Account name

18 month fixed rate business bond issue 10

What is the interest rate?

Where the balance on the account is £10,000 or more, the interest rate will be 4.90% gross/AER fixed.

Interest is paid annually. We calculate interest daily and add it to your account on the anniversary of opening, and on maturity.

Can Cambridge & Counties Bank change the interest rate?

The rate will remain fixed from when your account is opened until the end of the term.

What would the estimated balance be after 18 months based on a £10,000 deposit?

£10,746.30 after 18 months based on a deposit of £10,000.

The projection is for illustrative purposes only and does not take into account individual circumstances.

How do I open and manage my account?

Account Opening

• A minimum deposit of £10,000 must be made with a maximum deposit of £5m.
• You may not deposit more than £10m in total across all the accounts you hold with Cambridge & Counties Bank.
• The deposit should be made in one payment within five working days of us notifying you of the account number and must come from the organisation’s nominated current account with a UK based bank or building society by transfer or cheque.
• It’s easy to apply for an account using our application form which is available on our website, or you can call us on 0344 225 3939 and we will send you an application form.
• We accept applications from academy schools (SAT and MAT), charitable companies (limited by guarantee), limited companies and sole traders who are based/incorporated in the UK and where they and any related entities (including parent companies, directors, controllers, shareholders, beneficiaries* or trustees) are liable to pay tax in the UK only and are 18 years old or over.
• We are not able to offer accounts to persons who may be liable to pay tax in other jurisdictions or pension schemes.

* Please note that this refers to owner beneficiaries of the charity as a legal entity/business, rather than beneficiaries in terms of individuals a charity supports through their philanthropic endeavours.


Account Management

• You can manage the account using our online savings service at ccbank.co.uk/online-savings-service, by phone on 0344 225 3939 or by post.

Contact

• To contact us about the account, email [email protected], use our online savings service at ccbank.co.uk/online-savings-service or call our UK-based team on 0344 225 3939 who will be available to take your calls between 9am-5pm Monday to Friday, excluding bank holidays.

Can I withdraw money?

• You cannot make withdrawals or close the account before the end of the term of the bond.
• We will write to you, usually in the last 14 days before the end of the fixed rate term, to ask whether you would like the funds to be invested in a new product with us or transferred to your nominated account.
• If we do not receive any instructions from you before the term has expired, your account will become easy access on maturity, until we receive an instruction from you.

Additional information

• The account terms & conditions contains the important information regarding this account. This document can be found on our website, ccbank.co.uk/frbt&c
• AER (Annual Equivalent Rate) illustrates what the interest rate would be if the interest is paid and compounded once each year.
• Interest is paid gross. It is your responsibility to pay any tax that may be owed to HMRC.
• If you are a micro-enterprise which is a business which employs fewer than 10 people and has a turnover or annual balance sheet of no more than €2 million (or its equivalent) or are a charity with an annual income of less than £1m, you can close your account at any point within the first 14 days of the day you receive a copy of your terms & conditions, without penalty.

Apply

Please select the appropriate organisation type below:

We will be happy to help you, simply call 0344 225 3939.

Please send the completed form to:

Savings Account Opening
Cambridge & Counties Bank
Charnwood Court
5B New Walk
Leicester
LE1 6TE

We may need to ask you for additional information to open your account. If we do, we will contact you once we’ve reviewed your application.

You do not need to send any identification documents with your application at this stage as we use an electronic identification process. If we are unable to verify the identity of any of the account parties, we will be in touch to confirm the additional documents we need.

Download application form

Before you proceed please note:

  • You can find a summary of the information required to complete your application here.
  • If there are more than 20 individuals related to the application, please contact us on 0344 225 3939.
  • You can save and return to the application.
  • The application must be completed and submitted within 28 days of initiation.
  • At the end of the application process there will be a requirement for the account authoriser to sign an online attestation authorising the application for the opening of this account.
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