Branch Saver (5)

Ideal for savers local to our Epsom branch who wish to have easy access to their savings.

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?
3.45 % to 3.55%
  • Variable
  • Interest rates depends on balance
  • Passbook-based account
No Immediate withdrawal by cheque from branch is £50,000 only Yes

Key features

View summary box
  • Apply for an account at our Epsom branch
  • Save from £1 up to £1,000,000
  • Variable tiered interest rate to reward those who save more
  • Interest paid annually on the 31 January and added to your account
  • Add to your savings by transfer from your bank account, by cheque, by transfer from another account with us or by cash
  • Easy access to your savings without an access charge and can be paid by cheque, by transfer to another account with us and by cash
  • Passbook account

*To send additional savings directly from your bank account the banking details you’ll need can be found on the back of your new account Certificate.

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.

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Account summary box

Account name

Branch Saver (5)

What is the interest rate?

Rate effective from 31 August 2023
Gross AER1
  • Interest rates are dependent on balance amount
  • Interest is calculated daily and paid annually on 31 January

Can the Family Building Society change the interest rate?

Yes, the interest rate is variable and may be changed. Please refer to Section 14 of the General Conditions for our Savings Accounts booklet for more information on when we may make changes to the interest rate and how this will be communicated.

What would the estimated balance be after 12 months based on a £1,000 deposit?

Opening balanceProjected balance (Gross)
  • This projection assumes that the account is opened with the stated amount with no additions or withdrawals made. Projected balance is at the end of 12 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 Branch Saver is a traditional passbook-based account and can only be applied for in person at our Epsom branch. The passbook is required for all transactions
  • A minimum of £1 must be deposited
  • Instructions for the account can only be made via our Epsom branch

Can I withdraw money?

  • Withdrawals are only available at our Epsom branch, without notice or access charge, and can be made by bank transfer, by transfer to another savings account with us, by cheque or by cash
  • Please see the 'Taking money out' section of the Product Features leaflet for full information

How can I make deposits?

  • Additions are allowed but not required on a regular basis
  • Additions to the account can be made by transfer from your bank account, by cheque, by transfer from another savings account or by cash
  • A maximum of £1,000,000 can be deposited 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 PSAthrough a self-assessment tax return to HM Revenue & Customs. Interest is paid annually on 31 January and available from the following day.

This issue may be withdrawn at any time without prior notice.

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

All financial information correct on 18 August 2023.

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

Contact 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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