Branch Saver (5)
Ideal for savers local to our Epsom branch who wish to have easy access to their savings.
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
- This account can be opened and/or operated by an Attorneys, Deputies or Third Parties (see below for more details).
*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.
Account summary box
Account name
What is the interest rate?
Rate effective from 7 September 2024 | Gross | Gross AER1 | |
£500+ | 3.30% | 3.30% | |
£1+ | 3.20% | 3.20% | |
|
Can the Family Building Society change the interest rate?
What would the estimated balance be after 12 months based on a £1,000 deposit?
Opening balance | Projected balance (Gross) | ||
£1,000 | £1,033.00 | ||
|
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 PSA2 through 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 7 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.
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
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.
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Visit us in branch
Ashley Square, Epsom, Surrey, KT18 5DD.
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