2 Year Fixed Rate Business, Trust and Charity Bond

2 Year Fixed Rate Business Trust and Charity Bond Issue 11

Where the balance on the account is £25,000 or more, the interest rate will be 1.00% 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.

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

£25,502.50 after 24 months.

This figure is based on a £25,000 deposit, and all conditions of the account being met.

Open

• A minimum deposit of £25,000 must be made, with a maximum of £5m (£7.5m per entity overall with Cambridge & Counties Bank).
• The deposit must come from the organisations nominated current account from a UK based Bank or Building Society by cheque or transfer.
• It’s easy to apply using our application form which is available on our website, or call us on 0344 225 3939 and we can send you one.
• We accept applications from Sole Traders, Partnerships, Limited Companies, Limited Liability Partnerships, Charities, Societies, Clubs, Associations, Trusts and Parish Councils who are based/incorporated in the UK and where they and any related organisations (e.g. parent companies) are liable to pay tax in the UK only.
• Our accounts are available to persons who are liable to pay tax in the UK only. We are not able to offer accounts to persons who may be liable to pay tax in other jurisdictions.

Manage

• You can manage the account via our online account access facility, or by post.

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.

• 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.
• Accounts can be closed within 14 days of opening for micro-enterprises or charities with an annual income of less than £1m.