Is it safe? / Cambridge BS
Is Cambridge BS safe?
Yes — Cambridge BS is FSCS-protected. Deposits up to £120,000 per person (£240,000 for joint accounts) are covered under the Cambridge Building Society banking licence (Cambridge Building Society (mutual)).
Protection
FSCS to £120,000
Licence holder
Cambridge Building Society
Parent company
Cambridge Building Society (mutual)
Cambridge BS's current savings rates
- Double Access Saver4.1% AER
From the daily rates scrape. Compare every provider →
Worth knowing
FSCS also covers temporary high balances (house sale, inheritance) up to £1.4m for six months (raised December 2025). Compensation is automatic if a firm fails — typically paid within seven days.