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MARKET TRACKER SAVER (1)

Our easy access Market Tracker Saver tracks interest rates so you don't have to keep shopping around for a competitive rate.

The Market Tracker Saver key features are:

  • Consistently competitive interest rate, avoiding the need to shop around regularly
  • Apply for an account online, by post or at our Epsom branch
  • Save from £500 up to £250,000
  • Minimum withdrawal £100
  • Maximum withdrawal £25,000 per day per account
  • Variable interest rate - may go down as well as up
  • Interest paid annually on 31 July and added to the account
  • Add to your savings* by debit card, by transfer from your bank account, by cheque or by transfer from another account with us
  • Easy access to your savings with up to 20 withdrawals available per calendar year without an access charge and will be paid by transfer to your bank account or by transfer to another account with us 

*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. To add to your account using your debit card you will need to register for our Online Service. If you open your account online, registration is part of the account opening process and you can add by debit card straight away. If you don’t open your account online and you are not already a user of our Online Service for an existing account with us, you can register via our website once you have received your Certificate. After you have registered, we will send you a verification code. For security reasons, this is sent by post. You need this code for your first login, and you will only be able to add to your account by debit card once you have logged in and entered your verification code.


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

MARKET TRACKER SAVER (1)

What is the interest rate?

Rate effective from 1 July 2018 Gross AER1
£500+ 1.05%
Rate effective from 1 October 2018 Gross AER1
£500+ 1.14%
  • Interest is calculated daily and paid annually on 31 July
  • 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 familybuildingsociety.co.uk/ref
  • For current interest rates please visit our website familybuildingsociety.co.uk/interest-rates

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 £1,010.50
  • The projection is based on the interest rate on 1 July 2018 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?

        • The Market Tracker Saver can be applied for online, by post or at our Epsom branch
        • A minimum of £500 must be deposited
        • Additions are allowed but not required on a regular basis
        • Additions to the account can be made by debit card, by transfer from your bank account, by cheque or by transfer from another savings account with us
        • A maximum of £250,000 may be held in the account
        • Instructions for the account can be made via the Online Service, by phone, by post or at our Epsom branch

Can I withdraw money?

  • Up to 20 withdrawals are permitted per calendar year without notice or access charge, and can be paid by transfer to your bank account or by transfer to another savings account 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 without deduction of income tax. You will need to declare any income from savings interest earned over your PSA² through a self-assessment tax return to HM Revenue and Customs. Interest is paid annually on 31 July and available from the following day

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.

2 PSA stands for Personal Savings Allowance.

All financial information correct on 11 September 2018.

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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.

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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