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)

Market Tracker Saver (1)

An easy access savings account that tracks the market for you.

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?
4.65%	Tracker Variable	£500	Open online, by post or in branch.	No	£25,000 per day, per account \| 20 allowed annually.	Yes

Key features

View summary box

Apply for an account online, by post or at our Epsom branch
Save from £500 up to £250,000
Maximum withdrawal of £25,000 per day, per account
Interest is paid annually on 31 July and available from the following day
Variable interest rate – Which is reviewed four times a year in March, June, September and December
Add to your savings by debit card (online only via the Online Service), by transfer from your bank account, by cheque or by transfer from another savings account with us
Easy access with up to 20 withdrawals available per calendar year without an access charge and can be paid by transfer to your bank account or by transfer to another account with us
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.

Open a savings account online Account info downloads Request a callback

Already an existing customer registered to our Online Service? You can apply using our Online Service

Account summary box

Account name

Market Tracker Saver (1)

What is the interest rate?

Rates effective from 1 October 2024
£500+		4.65%
Rates effective from 1 January 2025
£500+		4.50%

Interest is calculated daily and added to the account annually on 31 July The interest rate tracks the highest interest rates paid in the taxable immediate access market. It is calculated using data from Moneyfacts® and pays an average interest rate of the 20 highest gross annual variable interest rates, for an investment of £10,000 from a reference group. Further information can be found at familybuildingsociety.co.uk/ref and familybuildingsociety.co.uk/interest-rates

Can the Family Building Society change the interest rate?

Yes, we will review the interest rate four times a year in March, June, September and December and publish the results on our website here no later than 15 calendar days before the end of the review month.

We will notify you each time the interest rate changes by email. If you don’t provide us with an email address, you will be able to check our website for any updates here. We do not send these notifications by post.

Please refer to the ‘Interest’ section of the Product Features leaflet for further information.

What would the estimated balance be after 12 months based on a £1,000 deposit?

Opening balance		Projected balance (Gross)
£1,000		£1,046.50
This projection is based on the interest rate on 1 October 2024 and does not take into account any fluctuations in the reference interest rate over a 12 month period. It also 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 Market Tracker Saver (1) is currently available to new and existing customers. It is also available for the automatic re-investment of our Junior Saver account, when the child reaches 18
This account can be applied for online, by post or at our Epsom branch
A minimum of £500 must be deposited
Additions are allowed but not required on a regular basis
Additions to the account can be made by debit card (online only via the Online Service), by transfer from your bank account, by cheque or by transfer from another savings account with us
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?

Up to 20 withdrawals are permitted per calendar year without notice or access charge, and can be paid by transfer to your bank account or by transfer to another savings account with us
Minimum withdrawal is £100
Maximum withdrawal of £25,000 per day, per account.

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 debit card (online only via the Online Service), by transfer from your bank account, by cheque, by transfer from another savings account with us.

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 PSA² through a self-assessment tax return to HM Revenue & Customs. Interest is paid on 31 July and available from the following day.

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

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 2 December 2024.

Account information downloads

Market Tracker Saver Product Features leaflet
Market Tracker Saver 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

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.