5 year fixed rate business bond

5 year fixed rate business bond issue 36

Where the balance on the account is £10,000 or more, the interest rate will be 4.30% 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.

£12,343.02 after 60 months based on a deposit of £10,000.

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

Account Opening

• A minimum deposit of £10,000 must be made with a maximum deposit of £5m.
• You may not deposit more than £10m in total across all the accounts you hold with Cambridge & Counties Bank.
• The deposit should be made in one payment within five working days of us notifying you of the account number and must come from the organisation’s nominated current account with a UK based bank or building society by transfer or cheque.
• It’s easy to apply for an account using our application form which is available on our website, or you can call us on 0344 225 3939 and we will send you an application form.
• We accept applications for this savings account from academy schools (SAT and MAT), associations, charities, clubs, colleges/schools, limited companies, local authority organisations, partnerships, public limited companies, public sector organisations, societies, sole traders and trusts 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.

Account Management

• You can manage the account using our online savings service at ccbank.co.uk/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 at ccbank.co.uk/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.

• You cannot make withdrawals or close the account before the end of the term of the bond.
• We will write to you, usually in the last 14 days before the end of the fixed rate term, to ask whether you would like the funds to be invested in a new product with us or transferred to your nominated account.
• If we do not receive any instructions from you before the term has expired, your account will become easy access on maturity, until we receive an instruction from you.

• 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 is 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 micro-enterprise which is a business which employs fewer than 10 people and has a turnover or annual balance sheet of no more than €2 million (or its equivalent) or are a charity with an annual income of less than £1m, you can close your account at any point within the first 14 days of the day you receive a copy of your terms & conditions, without penalty.