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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.
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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
Offset Saver (1)
The Offset Saver is linked to our Offset mortgage and reduces the amount of the linked Offset mortgage on which interest is charged.
Your savings are protected.
Key features
View summary box- Reduces the amount of the linked Offset Mortgage on which interest is charged by an amount equal to the amount in the Offset Saver
- Account opened and operated via our Online Service
- Save from £100 up to £2 million (up to the maximum amount of your mortgage balance)
- Minimum withdrawal £100
- Maximum withdrawal £25,000 per day per account
- No interest will be earned
- Add to your savings by debit card, by transfer from your bank account or by transfer from another account with us
- Easy access to your savings without an access charge
- Withdrawals will be paid by transfer to your bank account or by transfer to another account with us
- View balance and transaction history online
The information provided below is a summary of the key features of the account and is not intended to be a substitute for reading the Product Features leaflet and the General Conditions for our Savings Account booklet.
Already an existing customer registered to our Online Service? You can apply using our Online Service
Account summary box
Account name
What is the interest rate?
Interest will not be paid on the account but the amount on which the interest is charged to the borrower(s) under the linked Offset Mortgage will be reduced by an amount equivalent to the balance held in the Offset Saver account.
Can the Family Building Society change the interest rate?
What would the estimated balance be?
| Opening balance | Projected balance (Gross) | ||
| £1,000 | £1,000.00 | ||
| |||
How do I open and manage my account?
- The Offset Saver can only be opened by the borrower(s) under an Offset Mortgage or their family member
- The account can only be applied for and operated online
Can I withdraw money?
- Withdrawals are available without notice or access charge and will be paid by transfer to your bank account or by transfer to another account with us
- Minimum withdrawal is £100
Please see the 'Taking money out' section of the Product Features leaflet for full information.
How can I make deposits?
- A minimum of £100 must be deposited
- Additions are allowed but not required on a regular basis
- A maximum of £2,000,000 can be held in the account
- Instructions for the account can only be made via the Online Service
Additional information
This account is only available in conjunction with a mortgage.
This issue may be withdrawn at any time without prior notice.
All financial information correct on 11 September 2018.
Over 125 years looking after people's money
For a long time we've been trusted to help people save for homes, holidays & more with a more small scale, personal approach as shown in our awards.
More about who we areView our awards
Contact our expert UK team
Existing customers
Savings - 03330 140144
savings.service@familybsoc.co.uk
Mortgages - 03330 140146
mortgage.service@familybsoc.co.uk
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Visit us in branch
Ashley Square, Epsom, Surrey, KT18 5DD.
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