Is it safe? / Family Building Society

Is Family Building Society safe?

Yes — Family Building Society is FSCS-protected. Deposits up to £120,000 per person (£240,000 for joint accounts) are covered under the Family Building Society banking licence (Family Building Society (mutual)).

Protection

FSCS to £120,000

Licence holder

Family Building Society

Parent company

Family Building Society (mutual)

Family Building Society's current savings rates

1 Year Fixed Rate Bond (70)4.76% AER
Online Saver (12)4.15% AER

From the daily rates scrape. Compare every provider →

Worth knowing

FSCS also covers temporary high balances (house sale, inheritance) up to £1.4m for six months (raised December 2025). Compensation is automatic if a firm fails — typically paid within seven days.