A fixed rate account means you’ll always know where you stand. Ideal if you want a guaranteed return on your investment as we can tell you exactly what you’ll get each year.
1 Year Fixed Rate Business, Trust and Charity Bond Issue 14
|What is the interest rate?||
Where the balance on the account is £10,000 or more, the interest rate will be 1.10% Gross/AER fixed.
|Can Cambridge & Counties Bank change the interest rate?||
The interest rate is fixed for the length of the term.
Once the bond has matured, there are circumstances in which Cambridge & Counties Bank has the right to change the interest rate and these are explained in the Terms & Conditions, section 15.
|What would the estimate balance be after 12 months based on a £10,000 deposit?||
£10,110 after 12 months.
This figure is based on a £10,000 deposit, and all conditions of the account being met.
|How do I open and manage my account?||
|Can I withdraw money?||
You cannot make withdrawals before the end of the term of the bond.
We will typically contact you 14 days before maturity to remind you and let you know the options available to you. At the end of the term, if we don’t receive any instructions from you, your account will become an Easy Access account and the rate will reduce to a nominal, variable interest rate. You can then transfer funds to your nominated business current account.
We will make this transfer using faster payment, which means the funds will be in your account the following working day.
Of course, you can opt to leave your funds in place or transfer to another of our accounts.
The completed application form should be sent with a cheque drawn on your nominated current account (made payable to the name of your organisation) to:
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.