What interest rate does the Family Building Society 1 Year Fixed Rate Bond pay?

The Family Building Society 1 Year Fixed Rate Bond pays 4.60% AER, fixed for one year.

How much interest could I earn?

Saving £10,000 for 1 year would earn about £460 at 4.60% AER. This assumes the rate stays the same and interest stays in the account.

How much can I pay in?

You can deposit at least £10,000 and up to £250,000.

Can I withdraw my money?

No. Your money is locked in until the fixed term ends, so only put in what you won't need before then.

When is interest paid?

You can choose to have interest paid monthly or annually.

Who can open this account?

New and existing Family Building Society customers can open it. You can open it online, in branch or by post.

Is my money protected?

Yes. Eligible deposits are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per person, per banking licence.

How does it compare with other one-year fixed rate bonds?

At 4.60% AER it ranks 25th of 69 one-year fixed rate bonds we track. The best pays 5.12% and the average is 4.47%.

Dashboard

Fixed Rate

Family Building Society 1 Year Fixed Rate Bond Review

A competitive one-year fixed rate bond from Family Building Society, with a £10,000 minimum deposit. It ranks 25th of 69 one-year fixed rate bonds we track.

Rate checked Oct 2026Got this account? Leave a review

Fixed rate · 1 year

4.60%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£10,000

Max balance

£250,000

Access

At maturity only

Interest paid

Monthly/Annually

Rate Tiers

£1,000 to £9,999

4.40%AER

£10,000+

4.60%AER

How It Stacks Up

Ranks 25th of 69

1-year fixed bonds we track

Above average

This account 4.60%

UK CPI (Aug 2026): 3.10%; Pays 1.50% more
Average 1-year fixed: 4.47%; Pays 0.13% more
Best 1-year fixed: 5.12%; Pays 0.52% less

Inflation: ONS. Averages and best rates: accounts on DepositScout.

Compare fixed bonds

A Good Fit For

Pro: New and existing savers
Pro: Savers who want a monthly income

Worth Weighing Up

Con: Your money is locked in for 1 year
Con: You need at least £10,000 to open it

Good to Know

Applications can be made online only.

Please verify all details with the provider – see our Disclaimer

See all Family Building Society accounts

Estimated returns with Family Building Society's Fixed Rate

What you could earn with Family Building Society's 1 Year Fixed Rate Bond.

Estimated interest

£10,000 saved

£460

At 4.6% AER

£50,000 saved

£2,300

At 4.6% AER

£250,000 saved

£11,500

At 4.6% AER

Estimated over one year, if the rate stays the same and interest is left in. Amounts outside the account's minimum or maximum aren't shown.

Work out the tax on your interestSee how much of this interest could be taxed.

Our Expert Opinion on Family Building Society 1 Year Fixed Rate Bond

Jan WatermannCo-Founder, DepositScout

Family Building Society's 1 Year Fixed Rate Bond pays 4.60% on balances of £10,000 or more, though you only get 4.40% if you deposit less than that, so the minimum to hit the headline rate is effectively £10,000. At 4.60% it sits below the market average for fixed-rate bonds and is 0.75% behind the current market leader at 5.35%, so active savers should note that OakNorth Bank's 12-month fix is available at 4.96%. The rate does beat August 2026 CPI of 3.1% by 1.50%, and the obvious catch is that your money is locked away with no access until maturity.

Compare Fixed Rate Bonds