Easy Access Cash ISAs

Get easy access to your money while benefiting from tax-free interest.

The Cambridge Building Society doesn't currently offer an instant access Cash ISA. However, we do offer an easy access Cash ISA; our Double Access Cash ISA is our easy access option, that allows you to access your money allowing you to withdraw money up to twice each calendar year without penalty and without notice

We also offer other instant access savings accounts (non-ISA), without withdrawals limits, which many customers want with their savings accounts. However, these do not include the tax-free benefits of an ISA.

This page explains how our Easy Access Cash ISAs work. It also shows how they compare to our Notice and Fixed Rate ISAs, and how our easy access savings accounts may suit you if you're looking for instant access.

Use this page to compare our Cash ISA options and find the right level of access for you.

 

Easy Access Cash ISA rates

If you’re looking for flexible access to your savings, you may be comparing the best ISA options for you. Our Double Access ISA lets you withdraw money up to twice a year without an interest penalty.

The table below shows how our 100 Day Notice ISA and Double Access Cash ISA options compare with a typical Easy/Instant Access available elsewhere in the market (not currently offered at The Cambridge.

• A reminder that The Cambridge also offers Easy Access savings accounts, (non-ISA) which provide similar flexibility but are not tax free like an ISA.

Here's a quick comparison of how each option works:

The Cambridge ISA features	The Cambridge ISA features	Typical Easy/Instant Access ISA Features
100 Day Notice ISA	Double Access ISA	Instant Access ISA (General market example)
Best for: Planned withdrawals without fees	Best for: Occasional withdrawals without fees	Best for: Full access to your money at any time.
3.55% Tax-Free* p.a./AER%**	4.10% Tax-free* p.a./AER%	Variable rates — means that interest rate can go up or down
Variable interest rate***	Variable interest rate	Variable interest rate
Minimum investment £500	Minimum investment £100	Minimum investment varies by provider
Give 100 days’ notice to withdraw, or withdraw immediately with a 100 day interest penalty.	Withdraw cleared funds twice each calendar year without giving notice or paying a fee	Instant access with no notice or penalty
Find out more	Find out more	Features vary by provider

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

** The Annual Equivalent Rate (AER) shows the percentage of interest if it was added to your account each year. Interest will be paid annually on the 31st December.

*** Interest will be paid annually on the 31st December.

Flexible tax free savings

The Cambridge offers a range of Cash ISAs including our Double Access ISA and Notice ISA, providing a balance between earning tax-free interest and having some flexibility to access to your savings. They offer a good balance between:

• tax-free interest
• structured withdrawal options
• accessible saving
• straightforward terms

For customers who want the option of unlimited access to their savings, our Easy Access Savings accounts offer instant access outside the ISA wrapper.

 

Your eligibility

You can open a Cash ISA with The Cambridge if you meet ISA scheme criteria:

• Age 18 or over
• UK tax resident
• Able to stay within your annual ISA allowance

Our ISA allowance guide explains the rules in full.

 

Opening a Cash ISA with The Cambridge

You can open a Cash ISA in the way that suits you best: in store, by phone or by post.

You can also open and manage your ISA online, with our Double Access ISA.

The minimum amount required to open a cash ISA, depends on your chosen ISA. You can also transfer in funds from another ISA provider or from an ISA already held with The Cambridge.

Opening an Instant Access ISA

We do have Instant Access ISAs available exclusively to customers with a maturing ISA product.

When your existing cash ISA with The Cambridge reaches maturity, the Instant Access ISA is automatically opened. This gives you time to decide whether it is best to keep an Instant Access ISA or if you want to consider our other Fixed Rate ISA products.

 

How to make a withdrawal from one of our Cash ISAs

You can withdraw money from our Cash ISAs when you need it. How this works will depend on the type of account you have chosen.

With a 100 Day Notice ISA for example, you can choose to give 100 days’ notice to withdraw your money, or withdraw immediately and pay a 100-day interest penalty fee.

The interest penalty is calculated on the amount withdrawn and is taken from the interest earned, not from your original savings.

Withdrawals can be made over the phone, online (via secure message) or in branch to a nominated account. Our standard branch withdrawal limits apply:

• Up to £500 in cash
• Up to £250,000 by cheque
• Larger cheque withdrawals are available on request.

Cheques paid into your account must have cleared for at least four working days before funds can be withdrawn.

Our friendly team is here to help

If you need guidance choosing the right ISA for you, or you would like to talk through all your savings options at The Cambridge, our experts are here to help. Just pop into your local branch or call us on 0345 601 3344 and let’s chat about how to get the most out of your money.

Products are subject to availability and may be withdrawn without notice.