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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 or any related entities and its owners/controllers, trustees and beneficiaries* are liable to pay tax in the UK only and all individuals named on the account are 18 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.

4.70% gross/AER fixed


Invest between £10,000 & £5m


No withdrawals

Key features

image for Speak directly to our UK team

Speak directly to our UK team


image for Simple application process

Simple application process


image for We accept applications from:

We accept applications from:

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

Summary box

Apply

Click here to print the summary document

Account name

6 month fixed rate business and charity bond issue 6

What is the interest rate?

Where the balance on the account is £10,000 or more, the interest rate will be 4.70% gross/AER fixed.

We calculate interest daily and add it to your account 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 6 months based on a £10,000 deposit?

£10,234.36 after 6 months.

This figure is based on a £10,000 deposit, and all conditions of the account being met.

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

How do I open and manage my account?

Open

  • A minimum deposit of £10,000 must be made, with a maximum of £5m (£10m per entity overall with Cambridge & Counties Bank).
  • The deposit should be made in one payment and must come from the organisations nominated current account from a UK based bank or building society by transfer or cheque.
  • 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 or any related entities and its owners/controllers, trustees and beneficiaries* are liable to pay tax in the UK only and all individuals named on the account are 18 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.

Manage

  • You can manage the account via our 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 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 contact you 14 days before maturity to let you know the options available to you.

Transferred or reinvested funds to another Cambridge & Counties Bank account or returned funds to your nominated current account will be available on the maturity date. At the end of the term, if we don’t receive any instructions, the account will become an easy access account and the rate will reduce to a nominal, variable interest rate. You can then transfer funds to the nominated current account or to another of our accounts.

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 was 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 charity or micro-enterprise with an annual income of less than £1m, if you then change your mind, you will have 14 calendar days from the opening of your account to ask for the account to be closed.

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, you will be presented with a Declaration & Signature sheet to sign and return along with proof of your nominated account.
Proceed to online application
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