Notices

1 Year Fixed Rate Bond (52)

If you’re looking to save money for a set amount of time and want the certainty of a fixed interest rate, then the Fixed Rate Bond could be right for you.

Your savings are protected.

FSCS - Your savings are protected 
Annual interest (AER gross) Account rate type Minimum opening amount Additional information Monthly interest option? Withdrawal limits Available to new customers?
4.66% to 4.76%
  • Fixed
£10,000

This account is available to new and existing customers. Open and manage online only.

Yes None allowed prior to maturity. Yes

Key features

View summary box
  • This account is available to new and existing customers
  • Account opened and operated via our Online Service
  • Save from £10,000 up to £250,000
  • Fixed interest rate for the duration of the term
  • Interest paid annually on 30 June and on maturity
  • Monthly income option
  • No withdrawals or closure prior to maturity
  • Automatic reinvestment of funds, on maturity, into another Fixed Rate Bond or Market Tracker Saver 

Before you apply, please read the account summary box below. It is not intended to be a substitute for reading the Product Features leaflet and General Conditions for our Savings Account booklet.

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Account summary box

Account name

1 Year Fixed Rate Bond (52)

What is the interest rate?

Rate effective from 27 January 2025
Fixed rate for 1 year - AnnualGross   Gross AER1
£10,000+4.76%4.76%
Fixed rate for 1 year - MonthlyGrossGross AER1
£10,000+4.66%4.76%
  • Interest is calculated and paid annually on 30 June and on maturity, or monthly.

Can the Family Building Society change the interest rate?

  • No, the interest rate is fixed.

What would the estimated balance be after 12 months based on a £1,000, £5,000 and £10,000 deposit?

Opening balance - annual interestProjected balance (Gross)
£10,000£10,476.00
Opening balance - monthly interestProjected balance (Gross)
£10,000£10,000*

* monthly interest of £38.83 is paid away, which totals £465.96 over 12 months
  • These projections assume that the account is opened with the stated amounts with no additions 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?

  • This account is available to new and existing customers
  • This bond can be applied for online only via the Online Service
  • A minimum of £10,000 must be deposited for annual and monthly interest accounts
  • Additions are allowed for 15 calendar days after your account is opened. After this period, no additions are allowed. We reserve the right to return funds if you decide to invest more than the amount specified on your original application
  • Additions to the account can be made by debit card (online via the Online Service) and by transfer from your bank account
  • A maximum of £250,000 may be held in the account
  • Instructions for the account can be made by secure message via our Online Service, by phone, by post or at our Epsom branch.

Can I withdraw money?

  • Withdrawals are not permitted during the fixed rate term before maturity
  • Your Fixed Rate Bond becomes available for reinvestment or withdrawal 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.

How can I make deposits?

  • A minimum of £10,000 must be deposited
  • Additions are allowed for 15 calendar days after your account is opened. After this period, no additions are allowed. We reserve the right to return funds if you decide to invest more than the amount originally specified on your original application
  • Additions to the account can be made by debit card (online via the Online Service), by transfer from your bank account, by cheque or by transfer from another account with us
  • A maximum of £250,000 may be held in the account.

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 PSAthrough a self-assessment tax return to HM Revenue & Customs.

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 23 January 2025.

Operating an account on behalf of someone else

This account can be opened and operated by Attorneys and Deputies. It can also be operated by Third Parties. For full details click here

Over 125 years looking after people's money

For a long time we've been trusted to help people save for homes, holidays & more with a more small scale, personal approach as shown in our awards.



More about who we areView our awards

Contact our expert UK team

New enquiries

Savings - 03330 140141

Mortgages - 03330 140140

newbusiness@familybsoc.co.uk

Existing customers

Savings - 03330 140144
 savings.service@familybsoc.co.uk

Mortgages - 03330 140146
 mortgage.service@familybsoc.co.uk

...or ask the way that suits you.

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Ashley Square, Epsom, Surrey, KT18 5DD.

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