Notices

Rate changes following Bank of England decision to decrease its Bank Rate by 0.25% to 4.75% on 7 November 2024. Find out more

Savings: Interest rates for Windfall Bond and Tracker Savings Bond will decrease by 0.25% from 1 December 2024. We will be writing to all customers individually to confirm the new rates.
Mortgages: Tracker mortgages will change on 25 December 2024 and we will write to customers individually with revised payment details where the new rate exceeds the minimum rate (or ‘floor’) already applying to their mortgage.
(Notice updated 08/11)
Online Service update. Due to planned essential maintenance, our Online Service will not be available between the hours of 8:00 am until 6:00 pm on the 15 December. We apologise for any inconvenience this may cause.

1 Year Fixed Rate Cash ISA (38)

Tax-free saving and a fixed rate of interest that’s guaranteed for a fixed term.

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?
4.10%	Fixed	£1,000	This account is available to existing customers who have held an open account with us for at least two months.	No	Withdrawals not permitted. Early Access Charge applies if account closed prior to maturity.	No

Key features

View summary box

This account is available to existing customers who have held an open account with us for at least two months
Apply for an account by either:
- Visiting our Epsom branch, which can be found in Ashley Square, Epsom, Surrey, KT18 5DD
- Requesting an application pack over the phone by calling us on 03330 140141
Save up to £250,000
Save up to the annual statutory limit of £20,000 for the 2024 / 2025 tax year
Tax-free interest earned from the day we receive your investment (subject to identification requirements being met)
Fixed interest rate for the duration of the term
Interest paid annually on 30 September and added to the account
No withdrawals prior to maturity of the fixed rate term
Transfer to another ISA provider or closure allowed, subject to Early Access Charges applying. Transfers of any current tax year subscriptions would need to be made in full, however you can transfer part or all of any previous years' Cash ISA savings
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.

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Account summary box

Account name

1 Year Fixed Rate Cash ISA (38)

What is the interest rate?

Rate effective from 25 October 2024
Fixed for 1 year	Tax-free¹AER²
£1,000+	4.10%
Interest is calculated daily and added to the account annually on 30 September.

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 deposit?

Opening balance	Projected balance (gross)
£1,000	£1,041.00
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?

This account is available to existing customers who have held an open account with us for at least two months
Apply for an account by either:
- Visiting our Epsom branch, which can be found in Ashley Square, Epsom, Surrey, KT18 5DD
- Requesting an application pack over the phone by calling us on 03330 140141
Flexible and non-flexible Cash ISAs can be transferred into the 1 Year Fixed Rate Cash ISA (38).
If you're transferring in current tax year subscriptions, then you must transfer all of this value to us. We will not accept partial transfers of any current tax year. However you can transfer part or all of any previous tax year Cash ISA savings
Please allow up to 15 working days for the transfer process to fully complete
Please note, transfers from Stocks & Shares ISAs are not permitted
We do not allow partial transfers for the current tax year
An annual statutory limit of £20,000 for the tax year 2024 / 2025 can be deposited, plus transfers of previous tax years' subscriptions
A maximum of £250,000 may be held in the account
Instructions for the account can be made via the Online Service, by phone, by post or at our Epsom branch.

Can I withdraw money?

Withdrawals are not permitted prior to maturity of the fixed rate term
Transfer to another ISA provider or closure is subject to Early Access Charges. Please see the 'Taking Money Out' section of the Product Features leaflet for full information
We are unable to process ISA transfers via electronic transfer as we are not on the electronic database. Any ISA transfer to or from our Society will be processed by cheque
The funds in your Fixed Rate Cash ISA become available for reinvestment or withdrawal without charge 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?

Additions are allowed for 15 calendar days after the account is opened. After this period no further 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, by transfer from another savings account with us or by cash
A minimum of £1,000 must be deposited to open the account.

Additional information

Tax status: Tax-free (the future tax treatment of Individual Savings Accounts may vary).

This product is not a flexible ISA.

This is a strictly limited issue and may be withdrawn at any time without prior notice.

¹Interest is paid tax-free as it is currently exempt from income tax. The future tax treatment of Individual Savings Accounts may vary.

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

All financial information correct on 22 October 2024.

Account information downloads

Fixed Rate Cash ISA Product Features Leaflet
1 Year Fixed Rate Cash ISA Summary Box Flyer
Financial Services Compensation Scheme Information Sheet
How we use your personal information
General Conditions for our Savings Accounts
Tariff of Savings Charges

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.

Use of a debit card to deposit savings

Additions are allowed for 15 calendar days after the account is opened. After this period no further additions are allowed.

To add to your account using your debit card, you will need to register for our Online Service. You can’t use your debit card to add money to your account over the phone. Please note that the debit card you use to deposit money via the Online Service should be registered to the address we hold for you.

Debit card transactions are subject to approval by your bank and may be declined if you do not have sufficient funds available in your bank account or the transaction exceeds your bank's anti-fraud limits.