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3 Year Fixed Rate Bond (21)

Exclusively available for existing customers who have had a savings account with us for at least two months

Your savings are protected.

FSCS - Your savings are protected
Annual interest (AER gross) Account rate type Minimum opening amount Additional information Monthly interest option? Withdrawal limits Available to new customers?
0.45% to 0.65%
  • Fixed
£1,000
  • Interest rates depend in balance
  • Existing customer exclusive
Yes Not permitted No

Key features

View summary box
  • Exclusively available for existing customers who have had a savings account with us for at least two months
  • This bond can only be applied for by post and at our Epsom branch
  • Save up to £250,000
  • Fixed interest rate for the duration of the term
  • Interest paid annually on 30 June and on maturity and added to the account or to a pre-nominated account in your name
  • Monthly income option
  • No partial withdrawals or closure prior to maturity
  • Automatic reinvestment of funds, on maturity, into another Fixed Rate Bond or Market Tracker Saver
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 General Conditions for our Savings Account booklet.
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Account summary box

Account name

3 Year Fixed Rate Bond (21)

What is the interest rate?

Rate effective from 9 December 2020

Fixed rate for 3 years - Annual Gross    Gross AER1
£10,000+ 0.65% 0.65%
£1,000+  0.45% 0.45%
Fixed rate for 3 years - Monthly Gross Gross AER1
£10,000+ 0.65% 0.65%
£5,000  0.45% 0.45%
  • Interest rates are dependent on the balance amount
  • Interest is calculated and paid annually on 30 June and on maturity, or monthly

Can the Family Building Society change the interest rate?

No, the interest rate is fixed.

What would the estimated balance be after 12 months?

Opening balance - annual interest
Projected balance (Gross)
£10,000
£10,196.27
£1,000
£1,013.56
Opening balance - monthly interest
Projected balance (Gross)
£10,000
£10,000*
£5,000
£5,000**

* monthly interest of £5.42 is paid away, which totals £195.12 over 36 months
** monthly interest of £1.88 is paid away, which totals £67.68 over 36 months

  • These projections assume that the account is opened with the stated amounts with no additions or withdrawals made. Projected balance is at the end of 36 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 3 Year Fixed Rate Bond (21) is exclusively available for all existing customers who have had a savings account with us for at least two months
  • This bond can be applied for by post and at our Epsom branch
  • A minimum of £1,000 must be deposited for annual interest accounts, and a minimum of £5,000 for monthly interest accounts
  • Instructions for the account can be made by secure message via our Online Service, by phone, by post or at our Epsom branch

Can I withdraw money?

  • Withdrawals are not permitted during the fixed rate term before maturity
  • Your Fixed Rate Bond becomes available for reinvestment or withdrawal on the maturity date shown on your Savings Account Certificate. We will write to you no later than 15 calendar days before maturity with details of the products available for reinvestment. Please refer to the 'Maturity' section of the Product Features leaflet for full information

How can I make deposits?

  • A minimum of £1,000 must be deposited for annual interest accounts, and a minimum of £5,000 for monthly interest accounts
  • Additions are allowed for 15 calendar days after your account is opened. After this period, no additions are allowed. We reserve the right to return funds if you decide to invest more than the amount originally specified on your original application
  • 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.

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

All financial information correct on 2 December 2020.

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Savings - 03330 140141

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Savings - 03330 140144

Mortgages - 03330 140146

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