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We want to ensure that our customers access competitive rates, which is why this account is available to existing Family Building Society customers only and members of their immediate family.

The Market Tracker Saver key features are:

  • Save from £500 up to £100,000
  • Add to your savings by post or online
  • Up to 20 withdrawals available per calendar year
  • Withdrawals available with no access charge from a minimum of £100 to a maximum of £25,000 per day
  • All withdrawals will be paid directly into your bank account
  • Interest paid annually on 1 August and added to your account
  • Consistently competitive interest rate, avoiding the need to shop around regularly
  • Gives other family members access to limited availability rate terms

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.


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Account name


What is the interest rate?

Rate effective from 1 January 2017 Gross AER1                    
£500+ 0.80% 
From 1 April 2017, the interest rate will increase as below: Gross AER1
 £500+ 0.81%
  • Interest is calculated daily and paid annually on 1 August
  • The interest rate tracks the highest interest rates paid in the taxable immediate access market. It is calculated using data from Moneyfacts® and pays an average interest rate of the 20 highest gross annual variable interest rates, for an investment of £10,000 from a reference group. Further information on the reference group can be found at
  • For current interest rates please visit our website

Can the Family Building Society change the interest rate?

Yes, we will review the interest rate four times a year in March, June, September and December and publish the results on our website no later than 15 calendar days before the end of the review month. Please refer to the 'Interest' section of the Product Features leaflet for further information

What would the estimated balance be after 12 months based on a £1,000 deposit?

Opening balance Projected balance (Gross) 
£1,000 £1,008.00 
  • The projection is based on the interest rate on 1 January 2017 and does not take into account any fluctuations in the reference interest rate over a 12 month period. It also assumes 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?

  • You, or a family member, will need to hold a relevant account with us to be able to open this account. Please see the 'Applying for an account' section of the Product Features leaflet for full information
  • The Market Tracker Saver can be applied for by post, online or at our Epsom branch
  • A minimum of £500 must be deposited
  • Additions are allowed but not required on a regular basis
  • A maximum of £100,000 may be held in the account
  • Instructions for the account can be made via the Online Service, telephone and post

Can I withdraw money?

Up to 20 withdrawals are permitted per calendar year without notice or access charge, and can be paid by bank transfer to a pre-nominated UK bank or building society account or transferred to another account held with us

Minimum withdrawal is £100

Please see the 'Taking money out' 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 & Customs.

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

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

All financial information correct on 14 March 2017.

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03330 140 141

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
Surrey KT17 4NL
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