Notices

  • Savings products - In preparation of the launch of our new and improved Online Service we have temporarily withdrawn online applications for all our savings products. You can still apply for these products by post or in branch. All savings products will be available to apply online from 12 May. We apologise for any inconvenience this may cause.

  • Savings customers: Your 2024 / 2025 Annual Interest Savings Summary are currently being processed and are due to be delivered by 30 April 2025.

  • We’ll shortly be making some changes to our Online Service to make it simpler and easier for you to use.  

    Our new Online Service will have a modern design, improved navigation and many added benefits.  

    Find out more about the changes

  • Mortgage products - On Wednesday 23 April, we made changes to our mortgage product range. These include rate adjustments across our fixed rate products, and an increase to our Owner Occupier Joint Borrower Sole Proprietor maximum LTV to up to 90% (with no additional security required) for loans up to £500,000.

  • Online Service update. Due to planned essential maintenance our Online Service will be unavailable from 6pm until 12am on Wednesday 7 May. Our Online Service will also be unavailable between 5.30pm on Friday 9 May until 9am on Monday 12 May. We apologise for any inconvenience this may cause.

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Fixed Term Bond

Lock your money away in a Fixed Term Bond to access higher rates.

If you have a Family Building Society Fixed Term Bond which is due to mature soon, we’ll send you a letter no later than 15 calendar days before maturity which will explain your maturity options. You will need to have received this letter before contacting us to select a new product.

Please note: In preparation of the launch of our new and improved Online Service we have temporarily withdrawn online applications for all our Fixed Rate Bonds. You can still apply by post or in branch. Our Fixed Rate Bonds will be available to apply online from 12 May. We apologise for any inconvenience this may cause.

 

Why choose Family Building Society?

We're an award-winning building society that does things differently, with over 125 years supporting savers and over 52,000 account holders. No matter what you're saving for we're here to help and have a chat if you like, with minimum jargon.

 

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 £85,000 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.
Sort:
All our savings accounts are FSCS protected.fscs_logo
Annual interest (AER gross) Account rate type Minimum opening amount Additional information Monthly interest option? Withdrawal limits Available to new customers?

1 Year Fixed Rate Bond (55)
4.00% to 4.20%
  • Fixed
 £1,000

This account is available to new and existing customers.

 Yes Not permitted. Yes
View full details

2 Year Fixed Rate Bond (45)
3.85% to 4.05%
  • Fixed
 £1,000

This account is available to new and existing customers.

 Yes Not permitted. Yes
View full details

3 Year Fixed Rate Bond (45)
3.80% to 4.00%
  • Fixed
 £1,000 This account is available to new and existing customers. Yes Not permitted. Yes
View full details

5 Year Fixed Rate Bond (39)
3.80% to 4.00%
  • Fixed
 £1,000

This account is available to new and existing customers.

 Yes Not permitted. Yes
View full details

Comparing two savings accounts

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Note that products are subject to additional terms and subject to change. See a product's full details to find out more.

Frequently asked questions

With our Fixed Rate Bonds, you’ll receive a fixed rate of interest throughout the bond’s term. With this type of account (as the interest rate and product term are fixed), you will be aware upfront of how much interest you’ll earn by the end of the fixed term.

Our Tracker Rate Bonds track the Bank of England Bank Rate, so the interest rate could move up or down throughout the fixed term period.

Yes, the interest earned on Fixed Term Bonds is taxable and you might have to pay tax on it if it’s above your Personal Savings Allowance. The allowance is £1,000 in interest each tax year for basic rate taxpayers and £500 for higher rate taxpayers. There is usually no allowance for additional rate taxpayers.

Yes, you can open a Fixed Term Bond account jointly.