-
Homes for Ukraine - important information can be found here.
-
Monthly savings statements - From May we will be sending future monthly statements of electronic transactions on your savings account by email. More details on how to view your statement and the new process can be found here.
-
Following the Bank of England’s decision to raise the Bank Rate by 0.25% to 1.00% on 5 May 2022, Windfall Bond and Tracker Savings Bond rates will increase by 0.25% from 1 June 2022. We are reviewing our other variable savings rates and will notify customers of any interest rate increase on their account. Tracker mortgages will change on 25 June 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 06/05/2022)
3 Year Fixed Rate Bond (27)
If you’re looking for a fixed rate of interest and don’t need to access your savings for a set amount of time, then the 3 Year Fixed Rate Bond could be the account for you
Your savings are protected.
Key features
View summary box- Available to new and existing customers
- New customers can apply online
- Existing customers can apply online, by post or 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
Already an existing customer registered to our Online Service? You can apply using our Online Service
Account summary box
Account name
What is the interest rate?
Rate effective from 5 May 2022
| Fixed rate for 3 years - Annual | Gross | Gross AER1 |
| £10,000+ | 2.00% | 2.00% |
| £1,000+ | 1.80% | 1.80% |
| Fixed rate for 3 years - Monthly | Gross | Gross AER1 |
| £10,000+ | 1.98% | 2.00% |
| £5,000 | 1.79% | 1.80% |
- 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 36 months based on a £1,000, £5,000 and £10,000 deposit?
| Opening balance - annual interest | Projected balance (Gross) | ||
| £10,000 | £10,612.08 | ||
| £1,000 | £1,054.98 | ||
| Opening balance - monthly interest | Projected balance (Gross) | ||
| £10,000 | £10,000* | ||
| £5,000 | £5,000** |
* monthly interest of £16.50 is paid away, which totals £594.00 over 36 months
** monthly interest of £7.46 is paid away, which totals £268.56 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 (27) is available to new and existing customers
- New customers can apply online
- Existing customers can apply online, by post or 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
- Additions to the account can be made by debit card, by transfer from your bank account, by cheque or by transfer from another account with us
- A maximum of £250,000 may be held in the account
Additional information
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 28 April 2022.
Operating an account on behalf of someone else
This account is available for operation by Third Parties, Attorneys and Deputies. For information on how to set up any of these on your accounts please refer to our Help to manage your finances page where all the information you should need can be found.
If you have already set up Power of Attorney, a Deputy or Third Party and wish to open this account, please also refer to our Help to manage your finances page where you can find details of the forms we require. If you have any further account opening queries please contact our New Business Team on 03330 140141.
Over 125 years looking after people's money
For a long time we've been trusted to help people save for homes, holidays & more with a more small scale, personal approach as shown in our awards.
More about who we areView our awards
Call our expert UK team
New enquiries
Savings - 03330 140141
Mortgages - 03330 140140
Existing customers
Savings - 03330 140144
Mortgages - 03330 140146
...or ask the way that suits you.
Request a call back
We can call you back at a time that suits you.
Visit us in branch
Ashley Square, Epsom, Surrey, KT18 5DD.
View our FAQs
Your questions might be answered here.