These accounts are designed for people who want a safe place to save their money and to manage it online. They’re specifically for people who are able to lock some of their savings away for a period of time to get a higher interest rate, in the knowledge that the rate won't change for a fixed period. Savings Bonds aren’t suitable for people who’ll need to access their money during the fixed period.
The Cambridge’s new 1 Year Fixed Rate e-Bond offers a saving rate of 5.75%, the new 2 Year Fixed Rate e-Bond offers a savings rate of 5.85%, while its new 5 Year Fixed Rate e-Bond offers a savings rate of 5.50%.
Bank of England interest rate rises have made the savings market competitive, and the latest offerings from The Cambridge give customers the convenience of managing their accounts online or on The Cambridge Money App.
Head of Customer Engagement, Andy Jukes, said: “Our members are at the heart of everything we do and finding new ways to support our savers is something we’re passionate about.
“I’m delighted with the launch of our new online exclusive savings accounts and how we’re continuing to expand the options available to those looking for a trusted place to keep their hard-earned money.
“Customers can access their accounts on our simple to use app or by visiting our website, they can make a deposit using a debit card and electronic transfer.”
The Cambridge Building Society is supporting UK Savings Week between 18th - 24th September to help raise awareness of the benefits of saving.
For more information visit www.cambridgebs.co.uk/savings.
Image: Andy Jukes, Head of Customer Engagement.
