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The Offset Saver is linked to our Offset Mortgage. Up to four Offset Saver accounts can be linked to an Offset Mortgage, but each savings account may not be linked to more than one Offset Mortgage. Single or joint account holders are permitted - for the account held by the borrowers of the linked Offset Mortgage this can be up to four, and for family members of borrowers this is limited to two.

The Offset Saver key features are:

  • Reduces the amount of the linked Offset Mortgage on which interest is charged by an amount equal to the amount in the Offset Saver
  • Account opened and operated via our Online Service
  • Save from £100 up to £2 million (up to the maximum amount of your mortgage balance)
  • Minimum withdrawal £100
  • Maximum withdrawal £25,000 per day per account
  • No interest will be earned
  • Add to your savings by debit card, by transfer from your bank account or by transfer from another account with us
  • Easy access to your savings without an access charge
  • Withdrawals will be paid by transfer to your bank account or by transfer to another account with us
  • View balance and transaction history online

The information provided below is a summary of the key features of the account and is not intended to be a substitute for reading the Product Features leaflet and the General Conditions for our Savings Account booklet.

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Account name


What is the interest rate?

Interest will not be paid on the account but the amount on which the interest is charged to the borrower(s) under the linked Offset Mortgage will be reduced by an amount equivalent to the balance held in the Offset Saver account

Can the Family Building Society change the interest rate?

No interest is paid on this account

What would the estimated balance be after 12 months based on a £1,000 deposit?

Opening balance Projected balance (Gross)                       
£1,000 £1,000.00
  • No interest is paid on this account
  • Projected balance is at the end of 12 months
  • All projections are provided for illustrative purposes only and do not take into account individual circumstances

    How do I open and manage my account?

    • The Offset Saver can only be opened by the borrower(s) under an Offset Mortgage or their family member
    • The account can only be applied for and operated online
    • A minimum of £100 must be deposited
    • Additions are allowed but not required on a regular basis
    • A maximum of £2,000,000 can be held in the account
    • Instructions for the account can only be made via the Online Service

    Can I withdraw money?

    • Withdrawals are available without notice or access charge and will be paid by transfer to your bank account or by transfer to another account with us
    • Minimum withdrawal is £100

    Please see the 'Taking money out' section of the Product Features leaflet for full information

    Additional information

    This account is only available in conjunction with a mortgage

    This issue may be withdrawn at any time without prior notice.

    All financial information correct on 11 September 2018.

    Use of a debit card to deposit savings

    Please note that the debit card you use to deposit money via the Online Service should be registered to the address we hold for you.

    Debit card transactions are subject to approval by your bank and may be declined if you do not have sufficient funds available in your bank account or the transaction exceeds your bank's anti-fraud limits.



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    Family Building Society
    Ebbisham House
    30 Church Street
    Surrey KT17 4NL
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