Notices
  • The Capital 90 (1) 1.06% AER - is now on general sale and can be applied for exclusively online. £20,000 minimum deposit. You can add funds to the account until 3pm, 26 November 2021, after this no additions will be allowed. Find out more
  • Premium Saver (4)  0.65% AER - is now on general sale and can be applied for exclusively online. £10,000 minimum deposit. You can add funds to the account until 3pm, 5 November 2021, after this no additions will be allowed. Find out more

Capital 90 (1)

Suitable for savings you won't need to use in the short term and offers a simple way to manage your savings exclusively online with an attractive rate of interest

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?
1.06%
  • Variable
£20,000
  • Add funds to your account until 3pm 26 November 2021, after that no additions are allowed
  • Apply online
Yes After 90 days notice Yes

Key features

View summary box
  • Account opened via our Online Service
  • Save from £20,000 up to £250,000
  • Minimum withdrawal £100
  • Interest paid annually on 31 January and added to the account or a pre-nominated account in your name
  • Monthly income option at a reduced interest rate
  • Add to your savings* by debit card, by transfer from your bank account** or by transfer from another account with us
  • Withdrawals are available after 90 days’ notice with no access charge and will be paid by transfer to your bank account or by transfer to another savings account with us. Immediate withdrawals are not permitted
  • Closure available after 90 days notice and will paid by transfer to your bank account

*You can add to your Capital 90 (1) account until 3pm on 26 November 2021, after this time no additions can be made

**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. To add to your account using your debit card you will need to register for our Online Service. If you open your account online, registration is part of the account opening process and you can add by debit card straight away. After you have registered, we will send you a verification code. For security reasons, this is sent by post. You need this code for your first login, and you will only be able to add to your account by debit card once you have logged in and entered your verification code.

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 the General Conditions for our Savings Accounts booklet.

Open a savings account online Account info downloads

Account summary box

Account name

Capital 90 (1)

What is the interest rate?

Rate effective from 14 October 2021
Annual Gross Gross AER1
£20,000+ 1.06% 1.06%
Monthly
£20,000+ 1.05% 1.06%
  • Interest rates are dependent on balance amount
  • Interest is calculated daily and paid annually on 31 January or monthly

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 £20,000 deposit?

Opening balance - Annual interest
Projected balance (Gross)
£20,000
£20,212.00
Monthly interest

£20,000
£20,000^

^monthly interest of £17.50 is paid away, which totals £210.00 per annum

  • These projections assume 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 Capital 90 (1) can be applied for online
  • A minimum of £20,000 must be deposited to open the account
  • Instructions for the account can be made using the secure messaging facility available within the Online Service

Can I withdraw money?

  • Withdrawal and closure instructions can be made via the Online Service
  • Withdrawals are available after 90 days' notice with no access charge and will be paid by transfer to your bank account or by transfer to another account with us. Immediate withdrawals are not permitted
  • Minimum withdrawal is £100
Please see the 'Taking money out' section of the Product Features leaflet for full information

How can I make deposits?

  • A minimum of £20,000 must be deposited
  • Additions are allowed until the funding cut off date after this no additional funds can be made
  • Additions to the account can be made by debit card, by transfer from your bank account or by transfer from another savings account with us
  • 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 PSAthrough a self-assessment tax return to HM Revenue & Customs. Interest is paid annually on 31 January and available the following day, or monthly. 

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

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

All financial information correct on 12 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 savings accounts please click here.

If you have already set up Power of Attorney, a Deputy or Third Party and wish to open this savings account, you can find details of the forms we require here.

If you have any further account opening queries please contact our New Business Team on 03330 140141.

Use of a debit card to deposit savings

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.

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Mortgages - 03330 140146

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