Furness Building Society savings rates — compare every account, plus switch offers and guides

Who they are

Furness Building Society is a mutual financial institution based in Barrow-in-Furness, Cumbria, founded in 1865. That makes it one of the older building societies still operating in the UK. As a mutual, it has no shareholders - it exists for the benefit of its members, reinvesting back into the society and the communities it serves. Today it has around 101,000 members and over 150 staff across nine full-service branches , primarily across Cumbria and North Lancashire. In 2024 the society launched an enhanced digital banking platform, improving member experiences with paperless onboarding.

Savings accounts

The one product currently listed on DepositScout for Furness Building Society is a 5 Year Fixed Rate Cash ISA, paying 4.91% AER. It requires a minimum deposit of £1,000 and offers no access to your money until maturity - so it suits savers who are confident they can lock funds away for the full five years and want the certainty of a fixed return throughout.

The ISA wrapper means your interest is free from UK income tax, which can make a meaningful difference over a five-year term, particularly for higher-rate taxpayers.

On FSCS protection, Furness Building Society covers deposits up to £120,000 per person - higher than the standard £85,000 limit that applies to banks, a feature that occasionally applies to building societies under certain circumstances. Check the current FSCS details directly with the society if this is relevant to you.

Is it right for you?

Furness suits savers who value a traditional mutual ethos, are comfortable with a regional provider, and want a fixed-rate Cash ISA over the longer term. There are no switch offers or short-term bonuses in the current DepositScout data, so this is a straightforward, no-frills proposition.

Rates move regularly - use the live figures shown on this page to make sure you are comparing the most up-to-date numbers before you decide.