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EVERYDAY SAVER (1)

The Everyday Saver account offers you simple and straightforward easy access to your savings. With up to 12 withdrawals a year with no access charge, this account has the flexibility of being able to operate it over the phone, online, by post or at our Epsom branch.

The Everyday Saver key features are:

  • Easy access to your savings
  • Tiered variable interest rates
  • Save from £100 up to £250,000
  • Add to your savings* by post, over the telephone, direct credit from your bank account or by visiting our Epsom branch
  • Up to 12 withdrawals are available without notice or access charge each calendar year
  • Withdrawals available over the telephone, online and at our Epsom branch
  • Withdrawals can be paid directly to your bank account
  • Interest is paid annually on 1 February and can either be added to the account or paid to a nominated account of your choice

* You can add to your savings by debit card using our Online Service, by bank transfer, by cheque or by cash at our Epsom branch. 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 are not already a user for an existing account with us. You can register once you have received your new account Certificate. For security reasons the activation code required for your first log-in after registration is sent to you by post. 

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

EVERYDAY SAVER (1)

What is the interest rate?

Rate effective from 1 December 2016 



 Gross AER1
 £50,000+  0.56%
 £500+  0.41%
 £100+  0.31%
  • Interest rates are dependent on balance amount
  • Interest is calculated daily and paid annually on 1 February

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) 
 £50,000  £50,280.00
 £1,000  £1,004.10
  • 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 Everyday Saver can be applied for by post, online or at our Epsom branch
  • A minimum of £100 must be deposited
  • Additions are allowed but not required on a regular basis
  • A maximum of £250,000 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?

  • Up to 12 withdrawals are permitted per calendar year without notice or access charge, and can be paid by cash or transferred directly into your pre-nominated UK bank or building society account, or another account with the Society 
  • 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.

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

All financial information correct on 30 November 2016.

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
Epsom
Surrey KT17 4NL
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