5 Year Fixed Rate Business Trust and Charity Bond Issue 7
|What is the interest rate?||
Where the balance on the account is £10,000 or more, the interest rate will be 2.20% Gross/AER fixed.
|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 60 months based on a £10,000 deposit?||
£11,149.48 after 60 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 or close the account before the end of the term of the bond.
We will contact you via post 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.
Application forms can be completed either by hand or electronically, please read through the page titled ‘e-Application Form’ before starting. The completed form should be sent to:
Due to changes in regulations 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. Please find our Privacy Notice here.