Notices

35 Day Notice Saver (3)

Ideal if you don’t need access to your funds in the short term and are looking for a higher rate of interest than an easy access account.

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?
3.65% to 4.00%
  • Variable
£1,000
  • Interest rates depend on balance
  • Apply online, by post or in branch
Yes After 35 days notice Yes

Key features

View summary box
  • Variable tiered interest rate to reward those who save more
  • Apply for an account online, by post or at our Epsom branch
  • Save from £1,000 up to £250,000
  • Minimum withdrawal £100
  • Interest paid annually on 31 May and added to the account or a pre-nominated account in your name
  • Monthly income option
  • Add to your savings by debit card (online only via the Online Service), by transfer from your bank account, by cheque, by transfer from another account with us or by cash
  • Withdrawals available without an access charge after 35 days notice and will be paid by transfer to your bank account or by transfer to another account with us
  • Closure available without an access charge after 35 days notice and will paid by transfer to your bank account
  • This account can be opened and/or operated by an Attorneys, Deputies or Third Parties (see below for more details)

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.

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Account summary box

Account name

35 Day Notice Saver (3)

What is the interest rate?

Rate effective from 31 August 2023  
AnnualGrossGross AER1
£50,000+4.00%4.00%
£1,000+3.65%3.65%
Monthly  
£50,000+3.93%4.00%
£5,000+3.59%3.65%
  • Interest rates are dependent on balance amount
  • Interest is calculated daily and paid annually on 31 May 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 £1,000, £5,000 and £50,000 deposit?

Opening balance - Annual interest
Projected balance (Gross)
£50,000
£52,000.00
£1,000
£1,036.50
Monthly interest

£50,000
£50,000*
£5,000
£5,000**

*monthly interest of £163.75 is paid away, which totals £1,965.00 per annum

**monthly interest of £14.96 is paid away, which totals £179.52 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 35 Day Notice Saver (3) can be applied for online, by post or at our Epsom branch
  • A minimum of £1,000 must be deposited for annual interest accounts and a minimum of £5,000 for monthly interest accounts
  • Instructions for the account can be made via the Online Service, by phone, by post or at our Epsom branch

Can I withdraw money?

  • Withdrawals are available after 35 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 £1,000 must be deposited for annual interest accounts and a minimum of £5,000 for monthly interest accounts
  • Additions are allowed but not required on a regular basis
  • Additions to the account can be made by debit card (online only via the Online Service), by transfer from your bank account, 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 PSAthrough a self-assessment tax return to HM Revenue & Customs. Interest is paid annually on 31 May 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 18 August 2023.

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

 

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.

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

New enquiries

Savings - 03330 140141

Mortgages - 03330 140140

newbusiness@familybsoc.co.uk

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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Ashley Square, Epsom, Surrey, KT18 5DD.

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