• Service update - due to planned essential maintenance our Online Service will be unavailable on Friday 28 January from 18:00 until Saturday 29 January 12:00.

  • Following the Bank of England’s decision to raise the Bank Rate by 0.15% to 0.25% in December 2021, Windfall Bond and Tracker Savings Bond rates increased by 0.15% from 1 January 2022. Tracker mortgages changed from 25 January and we have written to customers individually with revised payment details where the new rate exceeds the minimum rate (or ‘floor’) already applying to their mortgage. We will be considering our other savings and our variable mortgage rates after the Bank of England MPC meeting on 3 February. (Notice updated 19/01/22)

  • Please note that the Premium Saver (5) has now been withdrawn from sale. 
    If you have opened an account, you may add funds until 3pm, 7 February 2022, after this no additions will be allowed.

5 Year Fixed Rate Bond (18)

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 5 Year Fixed Rate Bond could be the account for you.

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?
1.20% to 1.40%
  • Fixed
  • Interest rates depend on balance
  • Available to new and existing customers
  • New customers can apply online
  • Existing customers can apply online, by post or at our Epsom branch
Yes Not permitted Yes

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 
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

5 Year Fixed Rate Bond (18)

What is the interest rate?

Rate effective from 14 October 2021
Fixed rate for 5 years - Annual
Gross AER1
Fixed rate for 5 years - Monthly
Gross AER1
    • 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 60 months based on a £1,000, £5,000 and £10,000 deposit?

    Opening balance - annual interest
    Projected balance (Gross)
    Opening balance - monthly interest
    Projected balance (Gross)

    * monthly interest of £11.58 is paid away, which totals £694.80 over 60 months
    ** monthly interest of £4.96 is paid away, which totals £297.60 over 60 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 60 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 5 Year Fixed Rate Bond (18) 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?

    • 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 11 October 2021.

    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.


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    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.

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    Visit us in branch

    Ashley Square, Epsom, Surrey, KT18 5DD.

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