Notices

Savings customers - the interest rates on many of our variable rate savings products will be decreasing from 6 January 2025. Find out more

We will be emailing or writing to you shortly to let you know of how these decreases affect you. In the meantime, you can see all of these changes here.
Mortgage customers - our Managed Mortgage Rate (MMR) will decrease by 0.25% from 20 January 2025. Find out more:

From 20 January 2025, we'll be decreasing our Managed Mortgage Rates (MMR) by 0.25%. All on-sale discounted variable product rates and other details, including representative examples displayed on our website, have been updated to reflect these lower rates.
We will be writing to existing customers who have been impacted by this change, shortly, with details relevant to them.
View our Christmas opening hours here. For information on bank transfer processing times over the Christmas period please click here.
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)

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?
3.20 % to 3.30%	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 7 September 2024	Gross	Gross AER¹
£500+	3.30%	3.30%
£1+	3.20%	3.20%
Rate effective from 6 January 2025	Gross	Gross AER¹
£500+	3.15%	3.15%
£1+	3.05%	3.05%
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		£1,033.00
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 13 December 2024.