Cambridge & Counties bank account review and information
Reader Rating21 Votes
Last updated: July, 2020
About Cambridge & Counties Bank
Cambridge & Counties Bank, launched in June 2012 and based in the United Kingdom, is unique amongst UK banks. This is because 50% of the bank is owned by Cambridge University college Trinity Hall, and 50% by the Cambridgeshire Local Government Pension Scheme.
Cambridge & Counties Bank Products and Services
Cambridge & Counties Bank focuses on providing savings accounts, property finance, asset finance loans for small to medium enterprises (SMEs), helping customers with saving and lending needs.
For lending, the bank operates a traditional underwriting process. An individual underwriter will take a decision on each application, combining traditional banking with an extremely personal service. Savings services are available for clients including charities, businesses and trusts; these customers can choose from notice savings accounts and fixed rate bonds.
Cambridge & Counties Bank offers several savings account options:
95- or 180-day notice accounts
1-year fixed rate bond
13-month fixed rate bond
2-year fixed rate bond
3-year fixed rate bond
5-year fixed rate bond
The property finance services arm of Cambridge & Counties Bank specialises in providing niche property finance solutions including pension lending, commercial and residential investment (including owner-occupier mortgages and buy-to-let mortgages), refurbishment loans (both commercial and residential) and bridging finance. These services are geared toward experienced property investors.
Cambridge & Counties Bank is a member of the Finance and Leasing Association; customers looking for asset finance solutions can choose between hire purchase and finance leasing services. Classic car finance is also available.
Customers looking to work with Cambridge & Counties are considered on individual merit. Whatever a customer is looking for, the bank prides itself on making the process simple and as straightforward as possible, with experts on hand at each step of the process if required.
Cambridge & Counties Bank products include:
Classic Car Finance
Fixed Rate Bonds
Business Notice Accounts
Available to Businesses, Charities, Clubs & Associations and Trusts
Cambridge & Counties Bank Security
The bank is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and Prudential Regulation Authority.