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Easy Access Online Saver (4) Account

Earn 0.25% AER Variable



With interest rates at an all time low, savers are increasingly looking for the best savings accounts that pay a reasonable return on their hard earned savings. Our online, easy access savings account offers a competitive interest rate of 0.25% AER (variable).


Your savings are protected.

FSCS - Your savings are protected

Easy Access Savings Account

The Online Saver is ideal if for savers who are looking for an easy access savings account which is opened and operated exclusively online. Available to new customers with just a £100 opening balance, this could be the perfect home for your savings.

  • Account opened and operated via our Online Service.
  • Save from £100 to £250,000.
  • The minimum withdrawal is £100.
  • Maximum withdrawal of £25,000 per day, per account.
  • Variable interest rate
  • Interest paid annually on 31 January and added to the account.
  • Add to your account by debit card, by transfer from your bank account and by transfer from another account with us.
  • Easy access to your savings without notice or an access charge paid by transfer to your bank account or by transfer to another account with us.
  • View balance, transaction history and interest payment details online.
  • Personalise your accounts with nicknames.
* To send additional savings directly from your bank account the banking details you’ll need can be found on the back of your new account Certificate. After you have registered, we will send you a verification code. For security reasons, this is sent by post. You need this code for your first login, and you will only be able to add to your account by debit card once you have logged in and entered your verification code.

Ready to Apply?

Our Online Service makes it easy to open and manage your savings account online, anywhere, anytime. 

Why save with Family Building Society?

We're an award-winning building society that does things differently, with over 125 years experience of supporting savers and their  families.

No matter your long term saving goal, Family Building Society are here to help, because if it matters to you it matters to us. That’s why we offer a range of innovative savings accounts to help you save for your own and your family’s future needs.

And as a mutual building society with no shareholders, you can be sure we have your best interests at heart.

Here are some top reasons to choose the Online Saver account:

  • Quick online open and management
  • A competitive rate of interest
  • Easy access to your savings

Online Saver Account Summary Box

Account name

Online Saver (4)

What would the estimated balance be after 12 months?

Rate effective from 25 February 2021
Gross AER1
£100+
0.25%
  • Interest is calculated daily and paid annually on 31 January

Can the Family Building Society change the interest rate?

Yes, the interest rate is variable and may be changed. Please refer to Section 14 of the General Conditions for our Savings Accounts booklet for more information on when we may make changes to the interest rate and how this will be communicated.

What would the estimated balance be after 12 months?

Opening balance
Projected balance (Gross)
£1,000
£1,002.50
  • These projections assume that the account is opened with the stated amount with no additions or withdrawals made. 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
  • Actual interest may depend on the date the account is opened and the date that interest is paid

How do I open and manage my account?

  • The Online Saver can be applied for online
  • A minimum of £100 must be deposited to open the account
  • Instructions for the account can be made via the Online Service

Can I withdraw money?

  • Withdrawals are available via the Online Service only, without notice or an access charge, and can be made by transfer to your bank account or by transfer to another savings account with us
  • Minimum withdrawal is £100
  • Maximum withdrawal of £25,000 per day per account 

How can I make deposits?

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

  • A minimum of £100 must be deposited
  • Additions are allowed but not required on a regular basis
  • Additions to the account can be made by debit card, by transfer from your bank account and by transfer from another savings account with us
  • A maximum of £250,000 may be held in the account

Additional information

Tax status: Interest is paid gross without deduction of income tax. You will need to declare any income from savings interest earned over your PSA2 through a self-assessment tax return to HM Revenue & Customs. Interest is paid annually on 31 January and available from the following day.

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

1AER stands for Annual Equivalent Rate and illustrates what the annual rate would be if interest was compounded.
2PSA stands for Personal Savings Allowance. 

All financial information correct on 17 February 2021.

Before you apply for our Online Saver Account...

Please ensure you have read the T's & C's in full. It is important that you read the documents carefully. These contain the details of your agreement with us for these accounts and we will rely on them for our relationship with you.

Apply Online Now

Our Online Service makes it easy to open and manage your savings account online, anywhere, anytime.