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We have now withdrawn our Windfall Bond (1). If you are already in the process of applying for a Winfall Bnd, we will continue to accept applications until 27 March. All accounts must also be funded by 27 March.

If you are an existing Windfall Bond holder, the Free monthly Draw will continue as usual every month, and you can see the list of winners each month here.

We are planning to reintroduce the Windfall Bond for new accounts later in 2020.

If you have any questions about the Windfall Bond, please call our Family Service Team on 03330 140144.

How does the Windfall Bond work?

Each Windfall Bond needs an investment of £10,000, and you can have as many bonds as you like. Once open, the bond pays a rate of interest linked to the Bank of England Bank Rate now and into the future. After a brief qualifying period, each bond is entered into a free draw for the following monthly prizes:

  • 10 prizes of £1,000equivalent to five years' returns from an average savings account
  • Two prizes of £10,000enough to help with wedding costs, home improvements, or the family holiday of a lifetime
  • And one prize of £50,000enough for a deposit on a first home, or to reinvest elsewhere, such as your pension pot

Your chances

  • Every month each qualifying bond is allocated one of 10,000 unique tickets in the monthly draw and in each draw 13 tickets are chosen at random
  • Each bond has approximately a 1 in 769 chance of winning a prize in the month’s draw. You can think of this as the 13 selected tickets divided by the 10,000 tickets in each draw
  • That puts your chances of winning at least once in your first twelve draws at approximately 1 in 64. 
Here's a more detailed explanation of the calculations behind the odds.

The Monthly Free Draw

The Windfall Bond Free Draw is made on the tenth working day of each month. Bonds are eligible to be included in a draw for the first time in the second month after being opened (for example, a bond opened on 1st October is first eligible for a draw in early December). 

There are 10,000 tickets entered into each monthly draw and each eligible bond is allocated one unique ticket. Until there are 10,000 qualifying Windfall Bonds allocated to tickets, there will be blank tickets to make up the ticket total to 10,000 for each draw. Thirteen tickets are drawn at random in each monthly draw by an independent third party appointed by the Society. A prize is awarded for every bond allocated to a winning ticket. No prize is awarded for any of the thirteen tickets drawn that are not allocated to a bond.

We will notify winners of the Monthly Free Draw within 10 working days of the draw taking place. 

We reserve the right to change terms of the draw, the prizes available or end the Monthly Free Draw after giving seventy calendar days’ notice, or as per clause 23 in our Windfall Bond Monthly Free Draw Rules, which are also included in the Product Features leaflet.

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03330 140 141
Family Building Society
Ebbisham House
30 Church Street
Surrey KT17 4NL
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