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)

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.

Annual interest (AER gross)	Account rate type	Minimum opening amount	Additional information	Monthly interest option?	Withdrawal limits	Available to new customers?
0%	Mortgage linked	£100	No interest is paid on this 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	No	Available without notice or access charge, min withdrawal £100	No

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.

Offset mortgage enquiry Account info downloads Request a callback Offset mortgage calculator Affordability calculator Open a savings account online

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

Account summary box

Account name

Offset Saver (1)

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?

No interest is paid on this account.

What would the estimated balance be?

Opening balance		Projected balance (Gross)
£1,000		£1,000.00

No interest is paid on this account
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

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.