5 Year Fixed Rate Cash ISA (33)
Tax-free saving and a fixed rate of interest that’s guaranteed for a fixed term.
Key features
View summary box
- This account is available to existing customers who have held an open account with us for at least two months
- Apply for an account by either:
- Visiting our Epsom branch, which can be found in Ashley Square, Epsom, Surrey, KT18 5DD
- Requesting an application pack over the phone by calling us on 03330 140141 - Save up to £250,000
- Save up to the annual statutory limit of £20,000 for the 2024 / 2025 tax year
- Tax-free interest earned from the day we receive your investment (subject to identification requirements being met)
- Fixed interest rate for the duration of the term
- Interest paid annually on 30 September and added to the account
- No withdrawals prior to maturity of the fixed rate term
- Transfer to another ISA provider or closure allowed, subject to Early Access Charges applying. Transfers of any current tax year subscriptions would need to be made in full, however you can transfer part or all of any previous years' Cash ISA savings
- This account can be opened and/or operated by an Attorneys, Deputies or Third Parties (see below for more details).
Before you apply, please read the account summary box below. It is not intended to be a substitute for reading the Product Features leaflet and General Conditions for our Savings Account booklet.
Account summary box
Account name
What is the interest rate?
Rate effective from 4 October 2024 | |
Fixed for 5 years | Tax-free1AER2 |
£1,000+ | 3.60% |
Interest is calculated daily and added to the account annually on 30 September. |
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 deposit?
Opening balance | Projected balance (gross) |
£1,000 | £1,193.44 |
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How do I open and manage my account?
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Can I withdraw money?
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How can I make deposits?
- Additions are allowed for 15 calendar days after the account is opened. After this period no further 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, by transfer from another account with us or by cash
- A minimum of £1,000 must be deposited to open the account.
Additional information
This product is not a flexible ISA.
This is a strictly limited issue and may be withdrawn at any time without prior notice.
1 Interest is paid tax-free as it is currently exempt from income tax. The future tax treatment of Individual Savings Accounts may vary.
2 AER stands for Annual Equivalent Rate and illustrates what the annual rate would be if interest was compounded.
All financial information correct on 30 September 2024.
Operating an account on behalf of someone else
This account can be opened and operated by Attorneys and Deputies. It can also be operated by Third Parties. For full details click here.
Use of a debit card to deposit savings
Additions are allowed for 15 calendar days after the account is opened. After this period no further additions are allowed.
To add to your account using your debit card, you will need to register for our Online Service. You can’t use your debit card to add money to your account over the phone. Please note that the debit card you use to deposit money via the Online Service should be registered to the address we hold for you.
Debit card transactions are subject to approval by your bank and may be declined if you do not have sufficient funds available in your bank account or the transaction exceeds your bank's anti-fraud limits.
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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Contact our expert UK team
Existing customers
Savings - 03330 140144
savings.service@familybsoc.co.uk
Mortgages - 03330 140146
mortgage.service@familybsoc.co.uk
...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.
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