Notices

Savings products - In preparation of the launch of our new and improved Online Service we have temporarily withdrawn online applications for all our savings products. You can still apply for these products by post or in branch. All savings products will be available to apply online from 12 May. We apologise for any inconvenience this may cause.
Savings customers: Your 2024 / 2025 Annual Interest Savings Summary are currently being processed and are due to be delivered by 30 April 2025.
Coming soon... our new and improved Online Service

We’ll shortly be making some changes to our Online Service to make it simpler and easier for you to use.
Our new Online Service will have a modern design, improved navigation and many added benefits.
Find out more about the changes
Important changes to our mortgage products - Find out more.

Mortgage products - On Wednesday 23 April, we made changes to our mortgage product range. These include rate adjustments across our fixed rate products, and an increase to our Owner Occupier Joint Borrower Sole Proprietor maximum LTV to up to 90% (with no additional security required) for loans up to £500,000.
Our 1 Year Fixed Rate Bond (57) has been withdrawn from sale

Any customers that have recently applied for this account will have 15 calendar days to initially fund their account.

3 Year Fixed Rate Bond (45)

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.

Annual interest (AER gross)	Account rate type	Minimum opening amount	Additional information	Monthly interest option?	Withdrawal limits	Available to new customers?
3.80% to 4.00%	Fixed	£1,000	This account is available to new and existing customers.	Yes	Not permitted.	Yes

Key features

View summary box

The 3 Year Fixed Rate Bond (45) is available to new and existing customers
Applications can be made online, by post or at our Epsom branch
Save up to £250,000
Fixed interest rate for the duration of the term
Interest paid annually on 30 June and on maturity and added to the account or to a pre-nominated account in your name
Monthly income option
No partial withdrawals or closure prior to maturity
Automatic reinvestment of funds, on maturity, into another Fixed Rate Bond or Market Tracker Saver
This account can be opened and/or operated by an Attorneys, Deputies or Third Parties (see below for more details).

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.

Account info downloads Request a callback

Account summary box

Account name

3 Year Fixed Rate Bond (45)

What is the interest rate?

Rate effective from 27 March 2025
Fixed rate for 3 years - Annual	Gross	Gross AER¹
£10,000+	4.00%	4.00%
£1,000+	3.80%	3.80%
Fixed rate for 3 years - Monthly	Gross	Gross AER¹
£10,000+	3.93%	4.00%
£5,000	3.74%	3.80%
Interest rates are dependent on the balance amount 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 36 months based on a £1,000, £5,000 and £10,000 deposit?

Opening balance - annual interest		Projected balance (Gross)
£10,000		£11,248.64
£1,000		£1,118.39
Opening balance - monthly interest		Projected balance (Gross)
£10,000		£10,000*
£5,000		£5,000**
* monthly interest of £32.75 is paid away, which totals £1,179.00 over 36 months ** monthly interest of £15.58 is paid away, which totals £560.88 over 36 months These projections assume that the account is opened with the stated amounts with no additions or withdrawals made. Projected balance is at the end of 36 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 3 Year Fixed Rate Bond (45) is available to new and existing customers
Applications can be made online, by post or at our Epsom branch
A minimum of £1,000 must be deposited for annual interest accounts, and a minimum of £5,000 for monthly interest accounts
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 £1,000 must be deposited for annual interest accounts, and a minimum of £5,000 for 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 originally specified on your original application
Additions to the account can be made by debit card (online only 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 PSA²through a self-assessment tax return to HM Revenue & Customs.

¹ AER stands for Annual Equivalent Rate and illustrates what the annual rate would be if interest was compounded.
² PSA stands for Personal Savings Allowance.

All financial information correct on 18 March 2025.