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Savings products - In preparation of the launch of our new and improved Online Service we have temporarily withdrawn online applications for all our savings products.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Our 1 Year Fixed Rate Bond (57) has been withdrawn from sale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.

Branch Saver (5)

Ideal for savers local to our Epsom branch who wish to have easy access to their savings.

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?
2.80% to 2.90%	Variable	£1	Interest rates depends on balance Passbook-based account.	No	Immediate withdrawal by cheque from branch is £50,000 only.	Yes

Key features

View summary box

Apply for an account at our Epsom branch
Save from £1 up to £1,000,000
Variable tiered interest rate to reward those who save more
Interest paid annually on the 31 January and added to your account
Add to your savings by transfer from your bank account, by cheque, by transfer from another account with us or by cash
Easy access to your savings without an access charge and can be paid by cheque, by transfer to another account with us and by cash
Passbook account
This account can be opened and/or operated by an Attorneys, Deputies or Third Parties (see below for more details).

*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.

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

Branch Saver (5)

What is the interest rate?

Rate effective from 11 March 2025	Gross	Gross AER¹
£500+	2.90%	2.90%
£1+	2.80%	2.80%

Interest rates are dependent on balance amount
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 based on a £1,000 deposit?

Opening balance		Projected balance (Gross)
£1,000		£1,029.00
This projection assumes 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 Branch Saver is a traditional passbook-based account and can only be applied for in person at our Epsom branch. The passbook is required for all transactions
A minimum of £1 must be deposited
Instructions for the account can only be made via our Epsom branch.

Can I withdraw money?

Withdrawals are only available at our Epsom branch, without notice or access charge, and can be made by bank transfer, by transfer to another savings account with us, by cheque or by cash
Please see the 'Taking money out' section of the Product Features leaflet for full information.

How can I make deposits?

Additions are allowed but not required on a regular basis
Additions to the account can be made by transfer from your bank account, by cheque, by transfer from another savings account or by cash
A maximum of £1,000,000 can be deposited 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. Interest is paid annually on 31 January and available from the following day.

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

¹ AER 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 12 February 2025.