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Review of the Family Building Society, Savings:

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Do not open a windfall bond

Despite quite substantial deposit. Never a winner. It’s a bit of a con pays lower interest on. Said of prize draw Reviewed on: 16th September 2022

Reply from Family Building Society We are sorry to hear that you haven’t been one of our lucky Windfall Bond winners so far. However, the Windfall Bond is made up of two elements: It offers security for your savings, paying a variable rate of interest linked to the Bank of England Bank Rate. Additionally, there is the possibility of winning one of our monthly cash prizes. This is roughly a 1 in 714 chance of winning a single draw, multiplied by 12 draws. Of course, this means that you’re significantly more likely not to win a prize than to win one, but there’s always a chance! If you decide the Windfall Bond is no longer for you, you can close your account by giving 35 days’ notice, via the secure messaging facility available within the Online Service, by phone or by writing to us. If you have any questions, please give our Savings Service team a call on 03330 140144. Thank you for saving with us. Response date: 21st September 2022

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