The Cambridge Building Society

The Cambridge Building Society is a mutual building society based in Cambridge. It was founded in 1850 and employs 200 staff. 

They offer mortgages and savings accounts.

The Cambridge Building Society
Gold ribbon: first place

Savings Accounts

Ranked 19th of 53 providers reviewed.

Customer happiness score 60.61%
Customer trust score 54.55%
Complaints performance 84.34%
Transparency rating 74.34%
Fairer Finance score
Reviewed Autumn 2023
68%

Children's Accounts

Children's Savings Accounts

Account Type i Easy Access
Interest Rate (AER) i 4%
Minimum Opening Balance i £1.00
Maximum Balance i £10,000.00
Notice Period i
Fixed Term Length i
Minimum Age to Open Account i 0
Maximum Age i 20
Withdrawal Penalty i 2 withdrawals per month.
Part of FSCS i
Sharia Account i
Additional Opening Criteria i
Additional Information i Reverts into Maturity Account on account holder's 21st birthday.
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i

The Cambridge Building Society

3 Year Fixed Rate Children's Bond (Issue 5)

Account Type i 3 Year Bond
Interest Rate (AER) i 4.15%
Minimum Opening Balance i £1,000.00
Maximum Balance i £20,000.00
Notice Period i
Fixed Term Length i 3 Year Bond
Minimum Age to Open Account i 0
Maximum Age i 15
Withdrawal Penalty i
Part of FSCS i
Sharia Account i
Additional Opening Criteria i
Additional Information i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i

Notice Savings Accounts

Up to 180 Day Notice Accounts

The Cambridge Building Society

100 Day Notice Account

Interest Rate (AER) i 4.7%
Part of FSCS i
Notice Period 100 days
Minimum Opening Balance i £1,000.00
Maximum Balance i £2,000,000.00
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Early withdrawals allowed? i
Withdrawal Penalty i Earlier access costs 100 days interest

Savings Accounts

1 Year Fixed Rate Accounts

The Cambridge Building Society

1 Year Fixed Rate Bond (Issue 15)

Interest Rate (AER) i 4.5%
Minimum Opening Balance i £1,000.00
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be transferred into a variable rate account until you instruct them further or withdraw the funds.
Part of FSCS i
Maximum Balance i £2,000,000.00
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty i

2 Year Fixed Rate Accounts

The Cambridge Building Society

2 Year Fixed Rate Bond (Issue 19)

Interest Rate (AER) i 5.55%
Minimum Opening Balance i
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be transferred into a variable rate account until you instruct them further or withdraw the funds.
Part of FSCS i
Maximum Balance i
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty i

The Cambridge Building Society

2 Year Fixed Rate Bond (Issue 23)

Interest Rate (AER) i 4.4%
Minimum Opening Balance i £1,000.00
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be paid into a variable rate account until you instruct them further or withdraw the funds.
Part of FSCS i
Maximum Balance i £2,000,000.00
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty i

5 Year Fixed Rate Accounts

The Cambridge Building Society

5 Year Fixed Rate Bond (Issue 15)

Interest Rate (AER) i 3.85%
Minimum Opening Balance i £1,000.00
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be transferred into a variable rate account until you instruct them further or withdraw the funds.
Part of FSCS i
Maximum Balance i £2,000,000.00
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty i

Easy Access Accounts

The Cambridge Building Society

Instant Access Account

Interest Rate (AER) i 2.9%
Balance Tiers i 2.75% from £100, 2.90% from £10,000
Minimum Opening Balance i £100.00
Withdrawal Penalty i
Part of FSCS i
Maximum Balance i £2,000,000.00
Minimum Age to Open Account i 16
Penalty free withdrawals? i
Sharia Account i
Additional Information i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Additional Opening Criteria i
Interest Rate (AER) i 4.65%
Balance Tiers i 4.65% from £100
Minimum Opening Balance i £100.00
Withdrawal Penalty i 1 withdrawal per month.
Part of FSCS i
Maximum Balance i £2,000,000.00
Minimum Age to Open Account i 16
Penalty free withdrawals? i
Sharia Account i
Additional Information i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Additional Opening Criteria i

Regular Savers

The Cambridge Building Society

Reward Regular Saver

Interest Rate (AER) i 4%
Maximum Balance i £2,000,000.00
Withdrawal Penalty i Early access will cost a 90 day loss in interest, it will also close the account.
Minimum Monthly Investment i £100.00
Maximum Monthly Investment i £300.00
Penalty free withdrawals? i
Minimum Opening Balance i £100.00
Minimum Age to Open Account i 16
Sharia Account i
Part of FSCS i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Notice Period i
Fixed Term Length i 12 Month Bond
Additional Information i

Savings Accounts (ISAs)

Notice ISAs

The Cambridge Building Society

100 Day Notice ISA

Interest Rate (AER) i 4.3%
Part of FSCS i
Notice Period 100 days
Can you transfer in funds from a stocks and shares ISA? i
Minimum Opening Balance i £500.00
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Early withdrawals allowed? i
Withdrawal Penalty i Earlier access on closure and will incur 100 day loss of interest.
Can you transfer in funds from another cash ISA? i