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PREMIUM SAVER (1)        

The Premium Saver account offers you simple and straightforward easy access to your savings. With unlimited withdrawals and no access charge, this account gives you the flexibility of being able to be operate it online, by phone, by post or at our Epsom branch.

The Premium Saver key features are:       
  • Apply for an account online, by post or at our Epsom branch
  • Save from £5,000 up to £250,000
  • Variable interest rate paid annually on the 31 January and added to the account
  • Additions allowed until the funding cut-off date
  • Add to your savings by debit card, by transfer from your bank account, by cheque, by transfer from another account with us and by cash
  • Withdrawals available without notice or an access charge and will be paid by transfer to your bank account or by transfer to another account with us
  • Minimum withdrawal £100
  • Maximum withdrawal £25,000 per account per day

To send additional savings directly from your bank account the banking details you’ll need can be found on the back of your new 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. 

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Account name


What is the interest rate?

Rate effective from 22 October 2018
 Gross AER1
 £5,000+  1.45%
  • Interest is calculated daily and paid annually on 31 January

Can the Family Building Society change the interest rate?

Yes, the interest rate is variable and may be changed. Please refer to Section 14 of the General Conditions for our Savings Accounts booklet for more information on when we may make changes to the interest rate and how this will be communicated.

What would the estimated balance be after 12 months?

 Opening balance  Projected balance (Gross) 
 £5,000  £5,072.50
  • These projections assume 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 Premium Saver can be applied for online, by post or at our Epsom branch
  • A minimum of £5,000 must be deposited
  • Additions to the account can be made by debit card, by transfer from your bank account, by cheque, by transfer from another savings account with us or by cash and are allowed until the funding cut off date
  • A maximum of £250,000 may be held in the account
  • Instructions for the account can be made online, by phone, by post or at our Epsom branch

Can I withdraw money?

  • Unlimited withdrawals 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.  Where a withdrawal would leave the account balance below £5,000 then either the withdrawal must be reduced (no less than £100) or the account must be closed.

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 & Customs.

Interest is paid on 31 January and available from the following day.


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

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

²PSA stands for Personal Savings Allowance

All financial information correct on 22 October 2018.

You can apply online, in our branch or download an application pack.

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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.

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