View previous interest rates for savers

INSTANT SAPPHIRE ACCOUNT 

Minimum Investment	Gross p.a.%	AER%	Net p.a.%
£1+	1.75	1.76	1.40
£500+	1.80	1.81	1.44
£5,000+	1.90	1.91	1.52
£10,000+	2.10	2.11	1.68
£25,000+	2.50	2.52	2.00
£50,000+	2.75	2.77	2.20

Interest rates are variable. Current rates effective from 8th May 2008.
Interest paid 30th June and 31st December.


HALLMARK ACCOUNT

	Half-yearly interest			Monthly interest
Minimum Investment	Gross p.a.%	AER%	Net p.a.%	Gross p.a.%	AER%	Net p.a.%
£1,000+	3.40	3.43	2.72	-	-	-
£2,500+	3.40	3.43	2.72	3.30	3.35	2.64
£10,000+	3.50	3.53	2.80	3.40	3.45	2.72
£25,000+	3.60	3.63	2.88	3.50	3.56	2.80
£50,000+	3.80	3.84	3.04	3.70	3.76	2.96
£100,000+	4.05	4.09	3.24	3.95	4.02	3.16

Interest rates are variable. Current rates effective from 8th May 2008. Half-yearly interest paid on 30th June and 31st December.  Monthly interest paid on the last day of each month.

REGULAR SAVINGS ACCOUNT

Minimum Investment	Monthly Investment	Bonus	Gross p.a.%	AER%	Net p.a.%
£20+	£20 - £250	Excluding conditional bonus	2.00	2.00	1.60
£20+	£20 - £250	Including conditional bonus	6.00	6.00	4.80

Interest rates are variable. Current rates effective from 14th July 2008. Annual interest and bonus, if applicable, paid at the end of the 12 month term.

90 DAY NOTICE ACCOUNT

	Annual interest			Monthly interest
Minimum Investment	Gross p.a.%	AER%	Net p.a.%	Gross p.a.%	AER%	Net p.a.%
£10,000+	4.10	4.10	3.28	4.00	4.07	3.20
£25,000+	4.20	4.20	3.36	4.10	4.18	3.28
£50,000+	4.40	4.40	3.52	4.30	4.39	3.44
£100,000+	4.65	4.65	3.72	4.55	4.65	3.64

Interest rates are variable. Current rates effective from 8th May 2008.  Annual interest paid on 31st December.  Monthly interest paid on the last day of each month.  

MILLENNIUM ACCOUNT

Minimum Investment	Gross p.a.%	AER%	Net p.a.%
£5,000+	5.05	5.05	4.04
£50,000+	5.20	5.20	4.16

Interest rates are variable. Current rates effective from 8th May 2008.
Interest paid annually on 31st December.

FIRST ACCOUNT (for customers up to age 21)

Minimum Investment	Gross p.a.%	AER%	Net p.a.%
£1+	5.30	5.30	4.24

Interest rates are variable. Current rates effective from 8th May 2008.
Interest paid annually on 31st December. 

CASH CHILD TRUST FUND
Non-Stakeholder

Minimum Investment	Tax-free%	AER%
£1+	6.00	6.00

Interest rates are variable. Current rates effective from 8th May 2008.
Interest paid annually on day before child's birthday. Available to children born from 1st September 2002.

INSTANT ACCESS ISA
Stakeholder Cash ISA

Minimum Investment	Tax-free%	AER%
£1+	4.00	4.00
£3,000+	4.80	4.80

Interest rates are variable. Current rates effective from 8th May 2008.
Interest paid annually on 31st December.

60 DAYS' NOTICE ISA
Non-Stakeholder Cash ISA

Minimum Investment	Tax-free%	AER%
£500+	5.30	5.30
£20,000+	5.55	5.55
£25,000+	6.05	6.05

Interest rates are variable. Current rates effective from 8th May 2008. Interest paid annually on 31st December. 

COMMUNITY ACCOUNT

Minimum Investment	Gross p.a.%	AER%	Net p.a.%
£1+	2.25	2.25	1.80
£500+	2.30	2.30	1.84
£5,000+	2.40	2.40	1.92

Interest rates are variable. Current rates effective from 8th May 2008.
Interest paid annually on 31st December.

FIXED RATE SAVINGS BOND 

Issue	Minimum Investment	Gross p.a.%	AER%	Net p.a.%
Issue Eight	£1,000	6.15	6.15	4.92

Interest rates are fixed. Interest paid annually on 31st December and on maturity.

Accounts no longer available to new savers

BUSINESS ACCOUNT

Minimum Investment	Gross p.a.%	AER%	Net p.a.%
£1+	0.10	0.10	0.08

Interest rates are variable. Current rates effective from 8th May 2008.
Interest paid annually on 31st December.

FIXED RATE SAVINGS BONDS

Issue	Minimum Investment	Gross p.a.%	AER%	Net p.a.%
Issue Six	£1,000	5.35	5.35	4.28
Issue Seven	£1,000	6.30	6.30	5.04

Interest rates are fixed. Interest paid annually on 31st December.

The Gross rate is the contractual rate of interest payable before deduction of income tax at the rate specified by law (currently 20%).

The Net rate is the rate paid after income tax has been deducted (currently 20%).

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually. AERs on an account which pays monthly interest assumes interest is added to the account at the end of each month during the year. In practice, the option to have interest added in this way is not available on our Hallmark or 90 Day Notice monthly interest option.

The Tax-free rate is the contractual rate of interest payable where interest is exempt from income tax.

Cash Individual Savings Accounts (ISAs) and Cash Child Trust Fund accounts pay interest tax-free provided all terms and conditions of the account are met. On all other accounts, interest will be paid at the net rate after the appropriate rate of income tax (currently 20%) has been deducted, or gross on receipt of the required declaration form. Where interest is paid net, the income tax may be reclaimed if the amount deducted exceeds the investor's tax liability. Higher rate taxpayers will have to pay the extra due (the difference between tax deducted at 20% and the higher rate of 40%). Tax assumptions are based on current legislation which may change in the future. Net rates are illustrative only and have been rounded to two decimal places.

Variable interest rates
When we change interest rates we will display the latest rates, within three days of the change, on this website. We will also advertise the new rates in at least two local newspapers (usually Cambridge Evening News and Weekly News) and by placing notices in our branches.

We calculate interest on the balance of your account at the end of each day. You earn interest from the day you pay funds in to your account in cash, by cheque or transfer, until the day before you withdraw your funds.

We require four working days before cheques paid into your account can be drawn against.

Cambridge Building Society complies with The Banking Code.