Notices

We have launched a new issue of our Online Saver, paying 4.40% AER on balances of £100+. Find out more

The Online Saver (8), is now available for applications via our Online Service. Click here to find out more and apply.
We have withdrawn our Market Tracker Saver (1) from sale. Find out more

Please note that our Market Tracker Saver (1) has been withdrawn from sale. Any customers that have recently applied for this account will have 15 calendar days to initially fund their account.
Savings customers - the interest rates on many of our variable rate savings products have decreased from 6 January 2025. Find out more

We have emailed or written to you 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.

Online Saver (8)

Our easy access savings account offers 4.40% AER, giving you the flexibility to save money and withdraw it whenever you want. Open your online savings account today.

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?
4.40%	Variable	£100	Open and manage online only	No	£25,000 per day, per account	Yes

Key features

View summary box

Account opened and operated via our Online Service
Save from £100 to £250,000
The minimum withdrawal is £100
Maximum withdrawal of £25,000 per day, per account
Variable interest rate
Interest paid annually on 31 January and added to the account
Add to your account by debit card (online only via the Online Service), by transfer from your bank account and by transfer from another account with us
Easy access to your savings without notice or an access charge. Withdrawals can be transferred to your bank account or to another account you hold with us
View balance, transaction history and interest payment details online
Personalise your accounts with nicknames

* 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. After you have registered, we will send you a verification code. For security reasons, this is sent by post. You need this code for your first login, and you will only be able to add to your account by debit card once you have logged in and entered your verification code.

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

Online Saver (8)

What is the interest rate?

Rate effective from 15 January 2025		Gross AER¹
£100+		4.40%
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		£1,044.00
These projections assume 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 Online Saver can be applied for online
This account can be opened and held jointly by a maximum of two people
A minimum of £100 must be deposited to open the account
Instructions for the account can be made via the Online Service

Can I withdraw money?

Withdrawals are available via the Online Service only, without notice or an access charge, and can be made 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?

A minimum of £100 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 and by transfer from another savings account with us
A maximum of £250,000 may be held 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 PSA² through 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.

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 14 January 2025.

Account information downloads

Online Saver Product Features Leaflet
Online 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 is available for operation by Third Parties, Attorneys and Deputies. For information on how to set up any of these on your accounts please refer to our Help to manage your finances page where all the information you should need can be found.

If you have already set up Power of Attorney, a Deputy or Third Party and wish to open this account, please also refer to our Help to manage your finances page where you can find details of the forms we require. If you have any further account opening queries please contact our New Business Team on 03330 140141.

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.