Notices

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
Open a Windfall Bond account with us!

From 1 March, our Windfall Bond savings account will earn you 3.50% annual interest (Gross AER).
With exclusive entry into a monthly free prize draw with prizes ranging between £100 and £50,000.
Click here to find out more and apply.
Notice updated: 3 March 2025
IMPORTANT: The last day of the 2024 / 2025 tax year is Saturday 5 April.
Our online and postal ISA applications for this tax year will close from 5pm on Friday 28 March until the morning of Monday 7 April. Find out full details and timings for opening and funding ISAs with us within the current tax year.
Important changes to our mortgage products - Find out more.

Mortgage products - From today, Monday 24 March, we’ve made changes to our mortgage product range. These include an increase to our Joint Borrower Sole Proprietor (JBSP) maximum loan size for Owner Occupier Repayment mortgages to £1,000,000, new Owner Occupier Interest-Only mortgages to 80% LTV, and the introduction of our House in Multiple Occupation (HMO) mortgages to general sale.
Our new 1 Year Fixed Rate Bond (54) paying 4.60% AER on balances of £10,000+ is now on sale. Exclusively online only. Find out more here

Junior Saver (2)

An easy and flexible way of helping your children build up a pot of money for the future.

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?
3.75% to 4.00%	Variable	£1	Interest rates depend on balance Open and manage by post or in branch.	No	12 allowed annually.	Yes

Key features

View summary box

Apply for an account by post or at our Epsom branch
Save from £1 up to £25,000
One account can be opened per child
Variable tiered interest rate to reward those who save more
Interest paid annually on 31 January and added to the account
Additions are allowed but not required on a regular basis
Add to your savings* by transfer from your bank or building society account, by cheque or by transfer from another account with us
Easy access to your savings with up to 12 withdrawals available per calendar year without an access charge
Withdrawals will be paid by transfer to a designated bank account; either the child's bank account if they have one, or the trustee's bank account
Passbook account.

* 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

Junior Saver (2)

What is the interest rate?

Rate effective from 11 March 2025		Gross AER¹
£3,000+		4.00%
£1+		3.75%
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 and £3,000 deposit?

Opening balance		Projected balance (Gross)
£3,000		£3,120.00
£1,000		£1,037.50

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 Junior Saver can be applied for by post or at our Epsom branch
A minimum of £1 must be deposited
It can be operated by phone, by post or at our Epsom branch
You can open an account as a trustee on behalf of a child of any age. Trustees must be close family members such as a parents, adult siblings, parents siblings (aunts or uncles) or grandparents.

Can I withdraw money?

There is a minimum withdrawal of £10
Up to 12 withdrawals per year are allowed with no access charge. Please see the ‘Taking money out’ section of the Product Features leaflet for full information.

How can I make deposits?

A minimum of £1 must be deposited
Variable tiered interest rate to reward those who save more
Additions are allowed but not required on a regular basis
Add to savings by transfer from your bank account, by cheque or by transfer from an existing savings account with us.

Additional information

WITHDRAWALS BY CASH ARE NOT AVAILABLE

TAX STATUS: Interest is paid gross without deduction of income tax. You will need to declare any income from savings interest earned over your PSA² through a self-assessment tax return to HM Revenue & Customs. Interest is paid annually on 31 January and available the following day.

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 12 February 2025.