Working with credit unions across the country, we understand the unique requirements that come with operating your organisation.
Whether it’s flexibility with a notice account, or knowing where your money stands with a fixed rate bond, we have a range of savings accounts to deposit your money in.
Take a look at our current range of savings accounts, designed with credit unions in mind.
Summary box
Account name
95 day credit union notice account issue 20
What is the interest rate?
Where the balance on the account is £10k or more, the interest rate will be 3.75% gross/AER (monthly 3.687%) variable.
Where the balance on the account is below £10k, the interest rate will be 0.10% gross/AER variable. Interest on the account is calculated daily and can be paid monthly or annually.
Can Cambridge & Counties Bank change the interest rate?
The rate is variable, this means Cambridge & Counties Bank can change the interest rate on the account. See Terms & Conditions, Section 16 for more details.
What would the estimated balance be after 12 months based on a £10,000 deposit?
£10,375.00 after 12 months.
This figure is based on a £10,000 deposit, with no additional deposits or withdrawals being made, interest rates remaining the same and all conditions of the account being met. The projection is provided for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account?
Open
- A minimum initial deposit of £10k must be made, with a maximum balance (excluding interest) of £3m (£10m per entity overall with Cambridge & Counties Bank).
- The deposit must come from the organisations nominated current account from a UK based Bank or Building Society by transfer or cheque.
- It’s easy to apply using our application form which is available on our website, or call us on 0344 225 3939 and we can send you one.
- We accept applications from credit unions who are based/incorporated in the UK and where they and any related organisations (e.g. parent companies, controllers, directors, shareholders) are liable to pay tax in the UK only and are 18 years old or over.
- We are not able to offer accounts to persons who may be liable to pay tax in other jurisdictions or pension schemes.
Manage
- You can manage the account via our online savings service, by phone on 0344 225 3939 or by post.
- You can find details about when your account is open/closed for additional funds at www.ccbank.co.uk/addingfunds. See Terms & Conditions, Section 7.4 for more details
Contact
- To contact us about the account, email savings@ccbank.co.uk, use our 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.
Can I withdraw money?
If you would like to make a withdrawal, you will need to give 95 days’ notice through the online savings service, by email, phone, or post.
Once the notice period has expired, we’ll transfer the agreed funds to your nominated current account and they will appear on the following working day. You may also transfer funds to other Notice Business Savings accounts with Cambridge & Counties Bank, should you wish to do so please contact us.
Additional information
- The account Terms & Conditions contains the important information regarding this account. This document can be found on our website, ccbank.co.uk/noticet&cs
- If you are a charity or micro-enterprise with an annual income of less than £1m, if you then change your mind, you will have 14 calendar days from the opening of your account to ask for the account to be closed.
- AER (Annual Equivalent Rate) illustrates what the interest rate would be if the interest was paid and compounded once each year.
- Interest is paid gross. It is your responsibility to pay any tax that may be owed to HMRC.
Please send the completed form to:
Savings Account Opening
Cambridge & Counties Bank
Charnwood Court
5B New Walk
Leicester
LE1 6TE
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.
Summary box
Account name
1 year fixed rate credit union bond issue 62
What is the interest rate?
Where the balance on the account is £10k or more, the interest rate will be 4.75% gross/AER fixed.
Interest is paid annually. We calculate interest daily and add it to your account on
maturity.
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 12 months based on a £10,000 deposit?
£10,475.00 after 12 months.
This figure is based on a £10,000 deposit, and all conditions of the account being met.
The projection is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account?
Open
- A minimum deposit of £10k must be made, with a maximum of £5m (£10m per entity overall with Cambridge & Counties Bank).
- The deposit should be made in one payment and must come from the organisations nominated current account from a UK based bank or building society by transfer or cheque.
- It’s easy to apply using our application form which is available on our website, or call us on 0344 225 3939 and we can send you one.
- We accept applications from credit unions who are based/incorporated in the UK and where they and any related organisations (e.g. parent companies, controllers, directors, shareholders) are liable to pay tax in the UK only and are 18 years old or over.
- We are not able to offer accounts to persons who may be liable to pay tax in other jurisdictions or pension schemes.
Manage
- You can manage the account via our online savings service, by phone on 0344 225 3939 or by post.
Contact
- To contact us about the account, email savings@ccbank.co.uk, use our 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.
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 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.
Additional information
- 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 was 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 charity or micro-enterprise with an annual income of less than £1m, if you then change your mind, you will have 14 calendar days from the opening of your account to ask for the account to be closed.
Please send the completed form to:
Savings Account Opening
Cambridge & Counties Bank
Charnwood Court
5B New Walk
Leicester
LE1 6TE
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.
Summary box
Account name
2 year fixed rate credit union bond issue 35
What is the interest rate?
Where the balance on the account is £10k or more, the interest rate will be 4.75% 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.
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 24 months based on a £10,000 deposit?
£10,972.56 after 24 months.
This figure is based on a £10,000 deposit, and all conditions of the account being met.
The projection is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account?
Open
- A minimum deposit of £10k must be made, with a maximum of £5m (£10m per entity overall with Cambridge & Counties Bank).
- The deposit should be made in one payment and must come from the organisations nominated current account from a UK based bank or building society by transfer or cheque.
- It’s easy to apply using our application form which is available on our website, or call us on 0344 225 3939 and we can send you one.
- We accept applications from credit unions who are based/incorporated in the UK and where they and any related organisations (e.g. parent companies, controllers, directors, shareholders)are liable to pay tax in the UK only and are 18 years old or over.
- We are not able to offer accounts to persons who may be liable to pay tax in other jurisdictions or pension schemes.
Manage
- You can manage the account via our online savings service, by phone on 0344 225 3939 or by post.
Contact
- To contact us about the account, email savings@ccbank.co.uk, use our 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.
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 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.
Additional information
- 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 was 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 charity or micro-enterprise with an annual income of less than £1m, if you then change your mind, you will have 14 calendar days from the opening of your account to ask for the account to be closed.
Please send the completed form to:
Savings Account Opening
Cambridge & Counties Bank
Charnwood Court
5B New Walk
Leicester
LE1 6TE
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.
Summary box
Account name
3 year fixed rate credit union bond issue 22
What is the interest rate?
Where the balance on the account is £10k or more, the interest rate will be 4.60% 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.
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 36 months based on a £10,000 deposit?
£11,444.45 after 36 months.
This figure is based on a £10,000 deposit, and all conditions of the account being met.
The projection is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account?
Open
- A minimum deposit of £10k must be made, with a maximum of £5m (£10m per entity overall with Cambridge & Counties Bank).
- The deposit should be made in one payment and must come from the organisations nominated current account from a UK based bank or building society by transfer or cheque.
- It’s easy to apply using our application form which is available on our website, or call us on 0344 225 3939 and we can send you one.
- We accept applications from credit unions who are based/incorporated in the UK and where they and any related organisations (e.g. parent companies, controllers, directors, shareholders)are liable to pay tax in the UK only and are 18 years old or over.
- We are not able to offer accounts to persons who may be liable to pay tax in other jurisdictions or pension schemes.
Manage
- You can manage the account via our online savings service, by phone on 0344 225 3939 or by post.
Contact
- To contact us about the account, email savings@ccbank.co.uk, use our 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.
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 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.
Additional information
- 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 was 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 charity or micro-enterprise with an annual income of less than £1m, if you then change your mind, you will have 14 calendar days from the opening of your account to ask for the account to be closed.
Please send the completed form to:
Savings Account Opening
Cambridge & Counties Bank
Charnwood Court
5B New Walk
Leicester
LE1 6TE
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.
Summary box
Account name
5 year fixed rate credit union bond issue 32
What is the interest rate?
Where the balance on the account is £10k or more, the interest rate will be 4.60% 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.
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?
£12,521.56 after 60 months.
This figure is based on a £10,000 deposit, and all conditions of the account being met.
The projection is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account?
Open
- A minimum deposit of £10k must be made, with a maximum of £5m (£10m per entity overall with Cambridge & Counties Bank).
- The deposit should be made in one payment and must come from the organisations nominated current account from a UK based bank or building society by transfer or cheque.
- It’s easy to apply using our application form which is available on our website, or call us on 0344 225 3939 and we can send you one.
- We accept applications from credit unions who are based/incorporated in the UK and where they and any related organisations (e.g. parent companies, controllers, directors, shareholders) are liable to pay tax in the UK only and are 18 years old or over.
- We are not able to offer accounts to persons who may be liable to pay tax in other jurisdictions or pension schemes.
Manage
- You can manage the account via our online savings service, by phone on 0344 225 3939 or by post.
Contact
- To contact us about the account, email savings@ccbank.co.uk, use our 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.
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 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.
Additional information
- 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 was 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 charity or micro-enterprise with an annual income of less than £1m, if you then change your mind, you will have 14 calendar days from the opening of your account to ask for the account to be closed.
Please send the completed form to:
Savings Account Opening
Cambridge & Counties Bank
Charnwood Court
5B New Walk
Leicester
LE1 6TE
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.
Useful documents and FAQs
FSCS Information
Our primary banking responsibility is to protect our depositors. We do this by employing a conservative approach to risk management; we always hold levels of capital and liquidity comfortably in excess of all regulatory requirements.
Credit Unions are currently ineligible and therefore not covered by the FSCS. We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a bank is unable to meet its financial obligations.
For more details about the protection of your deposits, with Cambridge & Counties Bank, read our Information Sheet and Exclusions List.
To learn more about FSCS, including eligibility, please click here or head to their website www.fscs.org.uk