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This account is exclusively available for all existing
customers who have had an account with us for at least two months


If you're looking for a higher rate of interest than you would normally find with an easy access account and you  don't need access to your savings for a fixed amount of time, then the 3 Year Fixed Rate Bond (15) could be the account for you. 

The Fixed Rate Bond key features are:

  • This bond can only be applied for by post or at our Epsom branch
  • Save up to £250,000
  • No additions allowed
  • Fixed interest rate for the duration of the term
  • Interest paid annually on 30 June and on maturity and added to the account or to a pre-nominated account in your name
  • Monthly income option
  • No partial withdrawals or closure prior to maturity
  • Automatic reinvestment of funds, on maturity, into another Fixed Rate Bond or Market Tracker Saver 

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 1 April 2020
Fixed rate for 3 years - Annual Gross Gross AER1
£10,000+ 1.44% 1.44%
£1,000+ 1.24% 1.24% 
Fixed rate for 3 years - Monthly Gross Gross AER1
£10,000+ 1.43% 1.44%
£5,000+ 1.23%  1.24%
  • Interest rates are dependent on the balance amount
  • Interest is calculated and paid annually on 30 June and on maturity, or monthly

Can the Family Building Society change the interest rate?

No, the interest rate is fixed.

What would the estimated balance be after 36 months?

Opening balance - annual interest Projected balance (Gross)
£10,000 £10,438.25
£1,000 £1,037.66
Opening balance - monthly interest Projected balance (Gross)
£10,000 £10,000*
£5,000 £5,000**
* monthly interest of £11.92 is paid away, which totals £429.12 over 36 months
** monthly interest of £5.13 is paid away, which totals £184.68 over 36 months

  • These projections assume that the account is opened with the stated amounts with no additions or withdrawals made. Projected balance is at the end of 36 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 3 Year Fixed Rate Bond (15) is exclusively available for all existing
    customers who have had an account with us for at least two months
  • This bond can only be applied for 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
  • Additions are allowed for 15 calendar days after the account is opened. After this period no 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 maximum of £250,000 may be held in the account
  • Instructions for the account can be made by phone, by post or at our Epsom branch

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 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.

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 24 April 2020.

You can call us to request an application in the post or apply in our Epsom branch.

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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