Notices

Friday 18 July - High call volumes

Due to the high volume of calls we're experiencing today, it's taking us longer than we'd like to answer your call. You may find the answers you're looking for in either our Mortgage or Savings FAQs.
If you still need our help, you can contact us by email (newbusiness@familybsoc.co.uk or mortgage.service@familybsoc.co.uk or savings.service@familybsoc.co.uk) or complete our callback form and we'll call you back at a time convenient for you. Thank you.
Our new and improved Online Service is here. Find out more

We've made some improvements to our Online Service. With several enhancements and added benefits our Online Service is now simpler and easier for you to use. Online Service changes
Online Service update. Due to planned essential maintenance, our Online Service will be unavailable between 10:00pm on Wednesday 23 July until 07:00am on Thursday 24 July. We apologise for any inconvenience this may cause.
Online Saver (11) has been withdrawn from sale

Please note that our Online Saver (11) has been withdrawn from sale. If you've already applied for an Online Saver (11) account you have 15 calendar days from the date you applied to fund your account.

Junior Saver (2)

An easy and flexible way of helping your children build up a pot of money for the future.

Annual interest (AER gross)	Account rate type	Minimum opening amount	Additional information	Monthly interest option?	Withdrawal limits	Available to new customers?
3.75% to 4.00%	Variable	£1	Interest rates depend on balance Open and manage by post or in branch.	No	12 allowed annually.	Yes

Key features

View summary box

Apply for an account by post or at our Epsom branch
Save from £1 up to £25,000
One account can be opened per child
Variable tiered interest rate to reward those who save more
Interest paid annually on 31 January and added to the account
Additions are allowed but not required on a regular basis
Add to your savings* by transfer from your bank or building society account, by cheque or by transfer from another account with us
Easy access to your savings with up to 12 withdrawals available per calendar year without an access charge
Withdrawals will be paid by transfer to a designated bank account; either the child's bank account if they have one, or the trustee's bank account
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.

Account info downloads Request a callback

Account summary box

Account name

Junior Saver (2)

What is the interest rate?

Rate effective from 11 March 2025	Gross/AER¹
£3,000+	4.00%
£1+	3.75%
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 and £3,000 deposit?

Opening balance		Projected balance (Gross)
£3,000		£3,120.00
£1,000		£1,037.50

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?

This account is available to new and existing customers
Applications can be made by post or at our Epsom branch
You can open and operate an account as a trustee on behalf of a child of any age. Trustees must be close family members such as a parents, adult siblings, parents siblings (aunts or uncles) or grandparents.
From the age of 8 a child can open and operate their own account
A minimum of £1 must be deposited
Additions are allowed but not required on a regular basis
Add to savings by transfer from your bank account, by cheque or by transfer from an existing savings account with us.
It can be operated by phone, by post or at our Epsom branch.

Can I withdraw money?

There is a minimum withdrawal of £10
Up to 12 withdrawals per year are allowed with no access charge. Please see the ‘Taking money out’ section of the Product Features leaflet for full information
Withdrawals by cash are not available.

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 the following day.

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

¹AER 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 12 February 2025.