The Cambridge Building Society is a Cambridge-based independent mutual society, which can trace its history back to 1850. The Cambridge Building Society is heavily focused on supporting local businesses and community enterprises. There are 13 branches located throughout Cambridge.
There are three competitive savings products available for sole traders, partnerships, limited companies, and registered charities, housing associations, clubs and associations. There’s no current account available.
Cambridge Building Society Business Banking Services
There are three savings accounts available to small businesses and sole traders, and local councils.
Earn 0.25% AER on your savings. You can deposit a minimum balance of £1,000 up to £2,500,000. You can’t open an account online, but you can open one in branch or through the post. You can withdraw cash up to twice a month.
This account is only available to parish and town councils. Earn 0.25% AER on your savings. You can invest between £1,000 and £2,500,000. You can only manage your account in branch or through the post. You can withdraw cash up to twice a month.
Notice Business Saver
Earn 1.10% AER on a minimum balance of £10,000 up to £2,500,000. You can only manage your account in branch or through the post. You can withdraw for free if you give 100 days’ notice.
Business finance and loans
Cambridge Building Society Reviews and Ratings
There are no live reviews on Trustpilot or Reviews.co.uk. There’s just one rating on Smart Money People, which is very positive about the branch staff and competitive interest rates.
Cambridge Building Society isn’t included in the Which? list of ‘Best & Worst Banks’.
The Cambridge Building Society opened a new store in Great Shelford in July 2019, with upgraded counters and plenty of space for customers to speak to advisors and manage their accounts.
- A more community-focused way to invest savings.
- Choice of savings accounts available.
- Ideal for businesses local to Cambridge.
- You can’t bank online, so the accounts are less useful for businesses based outside of Cambridge.
- Interest rates are better elsewhere.