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If you don't mind locking your money away for a fixed period, the 2 Year Fixed Rate Cash ISA (1) will help you make the most of your annual savings allowance by earning tax-free interest.

The Fixed Rate Cash ISA key features are:     

  • Tax-free fixed rate interest earned throughout the term chosen when the account is opened
  • Transfers from flexible and non-flexible Cash ISAs are accepted where a transfer form accompanies the account application form
  • Additions* are allowed for 15 calendar days after account opening 
  • No withdrawals prior to maturity of the fixed rate term
  • Transfer to another ISA provider or closure is subject to Early Access Charges

*You can add to your savings by debit card using our Online Service, by bank transfer, by cheque or by cash at our Epsom branch. 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. To add to your account using your debit card you will need to register for our Online Service if you are not already a user for an account with us. You can register once you have received your new account Certificate. For security reasons the activation code required for your first log-in after registration is sent to you by post.

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. 

Summary box

Account Name 


What is the interest rate?

 Fixed for 2 years  Tax-free1 AER
 £1,000+  1.33%
 Interest is calculated and paid annually on 1 October

Can we change the interest rate?

No, the interest rate is fixed

What would the estimated balance be after 24 months based on a £1,000 deposit?

Opening balance Projected balance (gross)
 £1,000  £1,026.78
  • This projection assumes that the account is opened with the stated amount with no additions or withdrawals made. Projected balance is at the end of 24 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 2 Year Fixed Rate Cash ISA (1) can be applied for by post, online or at our Epsom branch
  • Flexible and non-flexible Cash ISAs can be transferred into the 2 Year Fixed Rate Cash ISA (1). The transfer request should be made to us in the first instance and the transfer request form must accompany the account application form. Any further transfer requests made after the application form is sent will not be accepted
  • A minimum of £1,000 must be deposited
  • Additions are allowed for up to 15 calendar days after the account is opened. No further additions after this period will be allowed
  • The annual statutory limit for the tax year 2017 / 2018 is £20,000
  • A maximum of £150,000 may be held in the account
  • Instructions for the account can be made via the Online Service, telephone, branch and post

Can I withdraw money? 

  • Withdrawals are not permitted prior to maturity of the fixed rate term
  • Transfer to another ISA provider or closure is subject to Early Access Charges
  • The funds in your Fixed Rate Cash ISA become available for reinvestment or withdrawal without charge 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: Tax-free (the future tax treatment of Individual Savings Accounts may vary)

This product is not a flexible ISA.

Transfers in of flexible ISAs are allowed, however you will lose the flexibility of being able to replace withdrawn funds.

This is a strictly limited issue and may be withdrawn at any time without prior notice.

Interest is paid tax-free as it is currently exempt from income tax. The future tax treatment of Individual Savings Accounts may vary.

AER stands for Annual Equivalent Rate and illustrates what the annual rate would be if interest was compounded.

All financial information correct on 8 December 2017.

You can apply online, in our branch or download an application pack

Call Us On
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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