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Exclusively available for all existing ISA customers with an open ISA as at 1 May.

2 YEAR FIXED RATE CASH ISA (3)

If you don't mind locking your money away for a fixed period, the 2 Year Fixed Rate Cash ISA (3) will help you make the most of your annual savings allowance by earning tax-free interest.

 The Fixed Rate Cash ISA key features are:    

  • Apply for an account by post or at our Epsom branch 
  • Save up to £250,000
  • Save up to your annual ISA allowance whilst the issue is available
  • Tax-free interest earned from the day we receive your investment (subject to identification requirements being met)
  • Fixed interest rate for the duration of the term
  • Interest paid annually on 30 September and added to the account
  • Additions are allowed for 15 calendar days after account opening
  • Add to your savings* by debit card, by transfer from your bank account, by cheque, by transfer from another account with us or by cash
  • Transfers from flexible and non-flexible Cash ISAs are accepted where a transfer form accompanies the account application form
  • No withdrawals prior to maturity of the fixed rate term
  • Transfer to another ISA provider or closure allowed, subject to Early Access Charges applying
    •             

*To send additional savings directly from your bank account, the banking details you'll need can be found on the back of your Savings Account Certificate.

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 
2 YEAR FIXED RATE CASH ISA (3)

What is the interest rate?
 Fixed for 2 years  Tax-free1 AER2 
 £1,000+  1.50%
Interest is calculated and paid annually on 30 September

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  £1,030.23
  • 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 (3) is exclusively available for all existing ISA customers with an open ISA as at 1 May
  • The 2 Year Fixed Rate Cash ISA (3) can be applied for by post or at our Epsom branch
  • Flexible and non-flexible Cash ISAs can be transferred into the 2 Year Fixed Rate Cash ISA (3). 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
  • Additions are allowed for 15 calendar days after the account is opened. After this period no further additions are allowed. We reserve the right to return funds if you decide to invest more than the amount originally specified on your original application
  • A minimum of £1,000 must be deposited
  • Additions to the account can be made by transfer from your bank, cheque, transfer from an existing account or by cash
  • The annual statutory limit for the tax year 2018 / 2019 is £20,000
  • A maximum of £250,000 may be held in the account
  • Instructions for the account can be made via the Online Service, by post or at our Epsom branch

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. Please see the 'Taking Money Out' section of the Product Features leaflet for full information
  • 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). Interest is paid annually on 30 September and available from the following day

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.

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 11 September 2018.

You can request an application pack or apply in our branch

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How to apply – Transfer of an existing Cash ISA only

You can apply to transfer an existing Cash ISA to a new 2 Year Fixed Rate Cash ISA account in the following ways:

• By post: Request an application pack
• By visiting our Epsom branch, which can be found in Ashley Square, Epsom, Surrey, KT18 5DD
• Request an application pack over the phone: Call us on 03330 140141


Please note, you can’t apply online to transfer an existing Cash ISA into a new 2 Year Fixed Rate Cash ISA if you are not adding new money as part of this year’s ISA subscription. However, you will be able to manage your account online once it has been opened. If you are a new customer, you should wait to receive your new ISA account number from us before registering for our Online Service. Your account number will be sent to you once the transfer has been completed and your new account opened. If you already use our Online Service, you do not need to register again to view the account once it has been opened.

To transfer your existing Cash ISA to the Family Building Society, you will need to complete and send us both a 2 Year Fixed Rate Cash ISA Application Form (click on “REQUEST AN APPLICATION PACK” above right) AND a Cash ISA Transfer Authority Form. We will then notify your current ISA provider so that the transfer can begin in line with their terms and conditions. The process can take up to 15 working days from receipt of an application form and transfer request form to the new account being opened. It varies depending on the speed with which your existing ISA manager responds to our request.


How to apply – Current year’s ISA subscription

You can apply to open a 2 Year Fixed Rate Cash ISA account with money for this year’s ISA subscription in the following ways:

• By post: Request an application pack
• By visiting our Epsom branch, which can be found in Ashley Square, Epsom, Surrey, KT18 5DD
• Request an application pack over the phone: Call us on 03330 140141


Please note, if you are transferring an existing Cash ISA to the Family Building Society as well as adding money as part of this year’s ISA subscription, you will need to complete a Cash ISA Transfer Authority Form as well as a 2 Year Fixed Rate Cash ISA Application Form (obtained either from your online application or the “Download an Application pack” link above right). On receipt of these we will then notify your current ISA provider so that the transfer can begin in line with their terms and conditions. The process can take up to 15 working days from receipt of an application form and transfer request form to the new account being opened. It varies depending on the speed with which your existing ISA manager responds to our request.

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.

Use of a debit card to deposit savings

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