Fixed Term Bond

A Fixed Term Bond is a savings account that holds your money for a set period known as a term. We offer two different types of ‘Fixed Term Bond’ - both Fixed Rate Bonds and Tracker Rate Bonds.

You can make additions into all our Fixed Rate Bonds for 15 calendar days after account opening, and no withdrawals can be made until the end of the term, when the bond reaches its maturity date.

These accounts are best suited to customers that won’t need to access their money and don’t need the flexibility of an easy access account or a notice savings account.

As you cannot access funds held in a Fixed Term Bond until maturity, there is an element of some risk. If you are likely to need access to your money before the end of a fixed term, then an alternative type of savings account might be more suited to you.

Your savings are in safe hands, protected up to a total of £120,000 by the Financial Services Compensation Scheme.

This limit is applied to the total of any deposits you have with the following: Family Building Society and National Counties Building Society. Any total deposits you hold above the limit between these brands are unlikely to be covered.

Learn more about the FSCS.

Withdrawals are not permitted during the fixed rate term before maturity. Your Fixed Rate Bond becomes available for withdrawals or reinvestment on its maturity date. More details around withdrawals from a Fixed Term Bond can be found in the product account summary box or within the Product Features Leaflet.

You may be able to apply online, by post, or at our Epsom branch, depending on the product selected. If you are applying online and new to Family Building Society, it only takes a few minutes to apply. Please have your National Insurance number to hand.