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Please note, our Fixed Rate Cash ISA (2) has now been withdrawn.

We will continue to accept applications from customers who have applied online until Friday 5 May 2017. If you have already applied for the Fixed Rate Cash ISA, we are currently processing your application.


If you don't mind locking your money away for a fixed period, the 1 Year Fixed Rate Cash ISA (2) will help you make the most of your annual savings allowance by earning tax-free interest. 

The Fixed Rate Cash ISA key features are:             

  • Tax-free fixed rate interest earned throughout the term chosen when the account is opened
  • Transfers from flexible and non-flexible Cash ISAs are accepted where a transfer form accompanies the account application form
  • Additions are allowed for 15 calendar days after account opening
  • No withdrawals prior to maturity of the fixed rate term
  • Transfer to another ISA provider or closure is subject to Early Access Charges

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 

 1 Year Fixed Rate Cash ISA (2)

What is the interest rate?

 Fixed for 12 months  Tax-free1 AER
 £1,000+   1.15%
 Interest is calculated daily and paid annually on 1 October and on maturity

Can we change the interest rate?

No, the interest rate is fixed

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

Opening balance Projected balance (gross)
 £1,000  £1,011.50
  • 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 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 Fixed Rate Cash ISA (2) could be applied for by post, online or at our Epsom branch. Please note, this account has now been withdrawn.
  • Additions are allowed for up to 15 calendar days after the account is opened. No further additions after this period will be allowed
  • The annual statutory limit for the tax year 2017/2018 is £20,000
  • A maximum of £150,000 may be held in the account
  • Instructions for the account can be made via the Online Service, telephone, branch and post

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)


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.

Interest is paid tax-free as it is currently exempt from income tax. The future tax treatment of Individual Savings Accounts may vary.

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

All financial information correct on 10 April 2017.

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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.

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.

Inheritance of ISA savings

If you would like to find out more about the features of inheriting ISA savings from a spouse or civil partner, please visit our FAQs page where you can find more information.

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