The Cambridge Building Society has marked its 175th anniversary with plans to increase community support and expand its Rent to Home scheme.
Established in 1850, the society disclosed that it will donate £175,000 annually from its profits to support local causes to mark its anniversary.
Additionally, the Cambridge Building Society’s Rent to Home initiative will expand, accepting applications for two properties near Bury St Edmunds.
Successful applicants will rent for up to three years, with 70% of the rent refunded as a deposit on their own home.
Peter Burrows, chief executive of The Cambridge, said: “When the founding members established a building society in Cambridge 175 years ago, they were passionate about creating an organisation that enabled people to save and ultimately to have their own home.
“Fast-forward to today and that passion to offer our customers a competitive range of products supported by outstanding customer service still burns bright.
Burrows added: “The Society is in great health, and we plan to continue to grow and to invest even more into homes and housing causes in our local community.
“We’re looking forward to making a real difference in our 175th year with a range of celebrations and new initiatives – like the expansion of Rent to Home and more donations to charitable organisations – and we hope people join us for it.”
