• Homes for Ukraine - important information can be found here.

  • Savings members: Following the Bank of England’s decision to raise the Bank Rate by 0.25% to 1.25% on 16 June 2022, Windfall Bond and Tracker Savings Bond rates will increase by 0.25% from 1 July 2022.  In addition we are pleased to say that many of our variable rate accounts will also be increasing from 24 June 2022. We will be informing affected customers of their new rate via email or letter shortly. (Notice updated 20/06/2022).

    Mortgage members: Tracker mortgages will change on 25 July 2022 and we will write to customers individually with revised payment details where the new rate exceeds the minimum rate (or ‘floor’) already applying to their mortgage. (Notice updated 20/06/2022).


Real life savings case studies

Our case studies show how our savings products have helped real life customers. Read their stories.
The money... "it will be used for something nice."

With interest rates so low, it’s difficult to see any point in shopping around for the best one. Some people can barely see the interest their savings are earning, especially when it might only be mere pennies. 

For Mr Theobald, it was frustrating to see his money earning little more than if he kept it all under his mattress. If saving was now just about keeping his money safe, he at least wanted a product with some perks.

How did Mr Theobald hear about us?

After reading about the Family Building Society’s Windfall Bond in a national newspaper, Mr Theobald decided to find out more.

“We had this money, which was earning a reasonable bit of interest every month and then, suddenly, it wasn’t.”

How does our Windfall Bond compare to other savings accounts?

While the savings account wasn’t going to win any awards for interest rates, what made it attractive to Mr Theobald was the knowledge that each bond he invested in gave him a chance to win up to £50,000. 

Every month, there are thirteen* opportunities for Windfall Bond customers to win prizes ranging from £1,000 to £50,000. Mr Theobald invested £20,000, meaning he had two Windfall Bonds and doubled his chances. This meant that, over the course of twelve months, there was a 1 in 32 chance* for him to win.

"It was somewhere to keep it safe, with the possibility of a win. Elsewhere, we weren’t getting enough interest so it seemed a very good choice."

Although the odds were reasonable, Mr Theobald was still pleasantly surprised when a representative from the Family Building Society called to tell him he had won £1,000. It was more than he would have earned in a traditional savings account and meant he and his wife had some extra money to spend as they wished.

“It won’t go on the shopping bill, or the electricity bill – it will be used for something nice.”

With current savings interest rates so low, many people barely see a return on their investments. The Windfall Bond has an interest rate linked to the Bank of England Bank Rate, meaning people like Mr Theobald can keep their money safe and protected, earn interest, and enjoy the possibility of a significant windfall.

* Since Mr Theobald opened his Windfall Bond, we have increased the number of prizes to win from 13 to 15. With two Windfall Bonds, the chance of winning in 12 draws has increased from 1 in 32 to 1 in 30.

Is our Windfall Bond Savings Account right for you?

A truly unique Savings Account that earns interest and enters you into a monthly prize draw for the chance to win up to £50,000.

Windfall Bond

Mortgage case studies

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