-
Homes for Ukraine - important information can be found here.
-
Savings members: Following the Bank of England’s decision to raise the Bank Rate by 0.25% to 1.25% on 16 June 2022, Windfall Bond and Tracker Savings Bond rates will increase by 0.25% from 1 July 2022. In addition we are pleased to say that many of our variable rate accounts will also be increasing from 24 June 2022. We will be informing affected customers of their new rate via email or letter shortly. (Notice updated 20/06/2022).
Mortgage members: Tracker mortgages will change on 25 July 2022 and we will write to customers individually with revised payment details where the new rate exceeds the minimum rate (or ‘floor’) already applying to their mortgage. (Notice updated 20/06/2022).
Junior Saver (2)
An easy and flexible way of helping your children build up a pot of money for the future.
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. The information provided 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 General Conditions for our Savings Accounts booklet. |
Account summary box
Account name
What is the interest rate?
Rate effective from 25 June 2020 |
Tax-free1AER2 |
||
£3,000+ |
1.60% |
||
£1,000+ |
1.35% |
||
£1+ |
0.85% |
||
|
Can the Family Building Society change the interest rate?
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 |
£3,048.00 |
||
£1,000 |
£1,013.50 |
||
|
How do I open and manage my account?
- The Junior Saver can be applied for by post or at our Epsom branch
- A minimum of £1 must be deposited
- It can be operated by phone, by post or at our Epsom branch
- The account is opened and operated on behalf of a child by a person with parental responsibility. A child can open and operate their own account from the age of eight
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
How can I make deposits?
- A minimum of £1 must be deposited
- Variable tiered interest rate to reward those who save more
- 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
Additional information
Interest is paid annually on 31 January. It will be added to your account and available from the following day.
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 21 May 2020.
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
Call 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.
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.
View our FAQs
Your questions might be answered here.