Notices
SAVINGS_Hub_994x437_150dpi

Fixed Term Bond

Lock your money away in a Fixed Term Bond to access higher rates.

If you have a Family Building Society Fixed Term Bond which is due to mature soon, we’ll send you a letter no later than 15 calendar days before maturity which will explain your maturity options. You will need to have received this letter before contacting us to select a new product.

Why choose Family Building Society?

We're an award-winning building society that does things differently, with over 125 years supporting savers and over 52,000 account holders. No matter what you're saving for we're here to help and have a chat if you like, with minimum jargon.

 

A Fixed Term Bond is a savings account that holds your money for a set period known as a term. We offer two different types of ‘Fixed Term Bond’ - both Fixed Rate Bonds and Tracker Rate Bonds.

You can make additions into all our Fixed Rate Bonds for 15 calendar days after account opening, and no withdrawals can be made until the end of the term, when the bond reaches its maturity date.

These accounts are best suited to customers that won’t need to access their money and don’t need the flexibility of an easy access account or a notice savings account.  

As you cannot access funds held in a Fixed Term Bond until maturity, there is an element of some risk. If you are likely to need access to your money before the end of a fixed term, then an alternative type of savings account might be more suited to you.

Your savings are in safe hands, protected up to a total of £85,000 by the Financial Services Compensation Scheme.

This limit is applied to the total of any deposits you have with the following: Family Building Society and National Counties Building Society. Any total deposits you hold above the limit between these brands are unlikely to be covered. 

Learn more about the FSCS. 

Withdrawals are not permitted during the fixed rate term before maturity. Your Fixed Rate Bond becomes available for withdrawals or reinvestment on its maturity date. More details around withdrawals from a Fixed Term Bond can be found in the product account summary box or within the Product Features Leaflet.
You may be able to apply online, by post, or at our Epsom branch, depending on the product selected. If you are applying online and new to Family Building Society, it only takes a few minutes to apply. Please have your National Insurance number to hand.
Sort:
All our savings accounts are FSCS protected.fscs_logo
Annual interest (AER gross) Account rate type Minimum opening amount Additional information Monthly interest option? Withdrawal limits Available to new customers?

1 Year Fixed Rate Bond (57)
4.64%
  • Fixed
 £10,000

This account is available to new and existing customers.

 Yes Not permitted. Yes
Full details and apply

1 Year Fixed Rate Bond (55)
4.00% to 4.20%
  • Fixed
 £1,000

This account is available to new and existing customers.

 Yes Not permitted. Yes
Full details and apply

2 Year Fixed Rate Bond (45)
3.85% to 4.05%
  • Fixed
 £1,000

This account is available to new and existing customers.

 Yes Not permitted. Yes
Full details and apply

3 Year Fixed Rate Bond (45)
3.80% to 4.00%
  • Fixed
 £1,000 This account is available to new and existing customers. Yes Not permitted. Yes
Full details and apply

5 Year Fixed Rate Bond (39)
3.80% to 4.00%
  • Fixed
 £1,000

This account is available to new and existing customers.

 Yes Not permitted. Yes
Full details and apply

Comparing two savings accounts

Savings icon Savings icon
Product DYNAMIC DYNAMIC
Annual interest (AER gross) DYNAMIC DYNAMIC
Account type DYNAMIC DYNAMIC
Minimum opening amount DYNAMIC DYNAMIC
Additional information DYNAMIC DYNAMIC
Monthly interest option? DYNAMIC DYNAMIC
Withdrawal limits DYNAMIC DYNAMIC
Available to new customers DYNAMIC DYNAMIC

Note that products are subject to additional terms and subject to change. See a product's full details to find out more.

Frequently asked questions

With our Fixed Rate Bonds, you’ll receive a fixed rate of interest throughout the bond’s term. With this type of account (as the interest rate and product term are fixed), you will be aware upfront of how much interest you’ll earn by the end of the fixed term.

Our Tracker Rate Bonds track the Bank of England Bank Rate, so the interest rate could move up or down throughout the fixed term period.

Yes, the interest earned on Fixed Term Bonds is taxable and you might have to pay tax on it if it’s above your Personal Savings Allowance. The allowance is £1,000 in interest each tax year for basic rate taxpayers and £500 for higher rate taxpayers. There is usually no allowance for additional rate taxpayers.

Yes, you can open a Fixed Term Bond account jointly.