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1 YEAR FIXED RATE BOND (7)                       

If you're looking to save money for a set amount of time and want the certainty of a fixed interest rate, then the Fixed Rate Bond could be right for you.    

When depositing large sums of money we recommend sending this into us via cheque. Large sums via electronic bank transfer may be limited by your Bank/Building Society. 

The Fixed Rate Bond key features are:

  • Fixed interest rate for the duration of the term
  • Transfers from other savings accounts with us are permitted to open a Fixed Rate Bond, based on the usual withdrawal terms of the relevant account
  • Save from £20,000 up to £250,000
  • No additions allowed
  • No partial withdrawals or closure prior to maturity
  • Automatic reinvestment of funds on maturity into another fixed rate bond
  • Interest paid annually on 1 July and on maturity
  • Monthly income option      
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 Account booklet. 

Summary box

Account name 


What is the interest rate? 

Rate effective from 9 August 2018
Fixed for 1 year - Annual      Gross           Gross AER
£20,000+ 2.11% 2.11% 
Fixed for 1 year - Monthly  Gross  Gross AER1
£20,000+ 2.09%  2.11% 
  •  Interest is calculated daily and paid annually on 1 July and on maturity, or monthly

Can we change the interest rate?

 No, the interest rate is fixed.
 What would the estimated balance be after 12 months?
 Opening balance - Annual  Projected balance (Gross)
 £20,000  £20,422.00
 Opening balance - Monthly Projected balance (Gross) 
 £20,000  £20,000*
 * monthly interest of £34.83 is paid away, which totals £417.96 over 12 months.
  • 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?
  • Transfers from other savings accounts with us are permitted to open a bond, subject to the usual withdrawal terms of the relevant account
  • No additions are allowed after the account has been opened
  • A minimum of £20,000 must be deposited for both annual and monthly interest accounts
  • Maximum investment is £250,000
  • Instructions for the account can be made via the Online Service, by telephone, branch and post
  •  Can I withdraw money?
  • Withdrawals are not permitted during the fixed rate term before maturity
  • Your Fixed Rate Bond becomes available for reinvestment or withdrawal on the maturity date shown on your Savings Account Certificate. We will write to you no later than 15 calendar days before maturity with details of the products available for reinvestment. Please refer to the 'Maturity' section of the Product Features leaflet for full information
  •  Additional information


    Tax status: Interest is paid gross from 6 April 2016 due to the introduction of the Personal Savings Allowance (PSA). You will need to declare any income from savings interest earned over your PSA through a self-assessment tax return to HM Revenue and Customs.

    This is a strictly limited issue and 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.

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

    All financial information correct on 13 August 2018.

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    03330 140 141

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    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 FAQs 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 FAQs 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.

    Family Building Society
    Ebbisham House
    30 Church Street
    Surrey KT17 4NL
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