- Our Premium Saver (7), pays 4.35% Gross AER on balances of £1,000+. Apply online today.
- Mortgage products - On Monday 19 October 2026, we've reduced our 2 Year Fixed Rate product rates across Owner Occupier and Buy to Let fixed rate lending.
Premium Saver (7)
Our 4.35% AER variable rate account gives you easy access to your savings. Save from £1,000 to £250,000. Open and manage our easy access savings account online today.
Your savings are protected
Key features
View summary box- Account opened via our Online Service
- Save from £1,000 to £250,000
- The minimum withdrawal is £100
- Maximum withdrawal of £25,000 per day, per account
- Variable interest rate
- Interest paid annually on 31 January and added to the account
- Add to your account* by debit card (via our online service), by transfer from your bank account**, by cheque, by transfer from another account with us or by cash
- Easy access to your savings without notice or an access charge paid by transfer to your bank account or by transfer to another account with us
- View balance, transaction history and interest payment details online
** 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. After you have registered, we will send you a verification code. For security reasons, this is sent by email or 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 General Conditions for our Savings Accounts booklet.
Already an existing customer registered to our Online Service? You can apply using our Online Service
Account summary box
Account name
What is the interest rate?
| Rate effective from 22 October 2026 | Gross AER1 | ||
| £1,000+ | 4.35% | ||
| |||
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 | £1,043.50 | ||
| |||
How do I open and manage my account?
- The Premium Saver (7) can be applied for using our Online Service
- A minimum of £1,000 must be deposited to open the account
- Additions to the account can be made by debit card (via our Online Service), by transfer from your bank account, by cheque, by transfer from another account with us or by cash
- Additions are allowed until the funding cut-off date. The funding cut-off date is available on our website or from our Family Service Team on 03330 140144
- A maximum of £250,000 may be held in the account
- Instructions for the account can be made via the Online Service, by phone, by post and at our Epsom Branch.
Can I withdraw money?
- Withdrawals are available via the Online Service, by phone, by post and at our Epsom Branch, without notice or an access charge, and can be made by transfer to your bank account or by transfer to another savings account with us
- Minimum withdrawal is £100. Where a withdrawal would leave the account balance below the minimum then either the withdrawal must be reduced (subject to min of £100) or the account must be closed
- Maximum withdrawal of £25,000 per day per account
- Once the funding cut off date has passed any money which has been withdrawn from the account cannot be replaced.
Please see the 'Taking money out' section of the Product Features leaflet for full information.
How can I make deposits?
- A minimum of £1,000 must be deposited
- Additions are allowed until the funding cut off date
- Additions to the account can be made by debit card (via our Online Service), by transfer from your bank account with us, by cheque, by transfer from another savings account with us or by cash
- 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 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.
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 22 October 2026.
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.
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.
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.
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.