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Family Building Society: Savings reviews

Name: Savings
Rating: 4.44 (672 reviews)

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4.52

Based on 672 reviews, last reviewed 4th Mar 2025

36% decrease in 5 star reviews

in the past 90 days

100% increase in 1 star reviews

in the past 90 days

72%

14%

Latest highest rating:

5

Very helpful and patient. Very helpful and patient. It is such a bonus to be able to speak to a real person. Reviewed on: 4th March 2025

Latest lowest rating:

1

Read my review and don't take out a 5 year bond.. I had a 5 year bond with the society which expired mid october 24. As I was out of the country at the time, the society decided to reinvest my money ... Read more Reviewed on: 30th December 2024

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About this product

The Family Building Society savings reviews can help you to find out more about life at the Family Building Society. How easy is it to contact the Family Building Society? And how friendly are they? Our Family Building Society savings reviews can help you to find out information like this. Smart Money People is an independent source of honest reviews.

Family Building Society Savings reviews (672)

Review of the Family Building Society, Savings:

Helpful staff. Good operation.

Helpful staff. Good online system. Strong product range. Reviewed on: 27th February 2025

Very helpful and patient.

Very helpful and patient. It is such a bonus to be able to speak to a real person. Reviewed on: 4th March 2025

They solved my problem very professionally

They solved my problem very professionally Reviewed on: 3rd March 2025

Exceptional customer service!

The adviser that I spoke to was Katherine A. She was pleasant and knowledgeable. I needed assistance in transferring funds between accounts and she kindly took the time to wait on the phone with me while she talked me through what I needed to do. Although it took a while, Katherine remained patient throughout. It is difficult to find such helpful customer support these days - I am very impressed. Thank you! Reviewed on: 1st March 2025

The lady I spoke to today was helpful and my questio...

The lady I spoke to today was helpful and my questions were answered efficiently. Reviewed on: 24th February 2025

Don't do AI - keep talking to people

I tried to open an ISA account with Family BS and had inadvertently sent the funds to the wrong location . I tried to research this via my own bank ( one of the large clearing banks , and could not get a response from the web site and knpw from previous experience that since the branch closures they are impossible to contact . The only option was to contact Family BS - I did and was helped by Mr David Hobbs who was not only very helpful but also managed to calm me down and explained how the transfer system worked , I tried to get through to my own bank again but again with no success , so wiith the information provided by David I managed to resolve the issue and traced the funds . Thank you very much to both David and the company for keeping people talking to customers - excellent service - and I will now open the account Reviewed on: 21st February 2025

Quick response.

No call queue. Vandelle Shango answered my questions efficiently. Reviewed on: 14th February 2025

prompt, efficient service

Very pleasant telephone conversation, wherein everything I asked was sorted for me. Reviewed on: 13th February 2025

Call was answered promptly and sound advice provided

Call was answered promptly and sound advice provided Reviewed on: 11th February 2025

Family Building Society savings accounts

Discovered Family Building Society on money saving expert site. Very happy with savings options, customer service and choices offered Reviewed on: 10th February 2025

I purchased the Windfall Bond from Family Building Society ...

I purchased the Windfall Bond from Family Building Society as I liked the chance of winning a cash prize. However, what I didn’t realise was that each month, blank tickets are entered into the draw, meaning that if a blank ticket is picked, no member wins a prize. I spoke to a staff member and was told that this happens quite often, which shocked me. I question whether this is a fair approach. I was so shocked that I decided to purchase a £10,000 Premium Bond instead. Another issue that frustrates me is that Family Building Society sends out a customer questionnaire each year asking for feedback. Each time, I make it clear that I dislike being called 'Mr' and prefer to be addressed by my first name. Despite this, they continue to use a title when communicating with me. I don’t think it should be difficult for staff to ask customers how they wish to be addressed. Additionally, I recently received a letter stating that they will now be paying interest at a rate lower than the Bank of England’s 4.75%. On my questionnaire, I stated that their interest rates were disappointing and suggested they introduce 10% bonds to set an example. I believe they could do more for savers. In my opinion, Family Building Society does not prioritise its savers and seems more focused on lending. I would not recommend opening an account with them, as I feel they could do much better for their customers. Reviewed on: 8th February 2025

Reply from Family Building Society Dear Richard, We're sorry to hear of your concerns regarding the Windfall Bond. In terms of the blank tickets, as of 1 October 2024 the prize structure was changed and there are no blank tickets entered into the prize draw. This change in prize structure also significantly increased the number of prizes available each month. This was communicated to all Windfall Bond holders. In terms of the interest rate set on the account, our interest rates are set on a combination of factors, only one of which is the Bank of England Bank Rate. We have to balance the competing interests of our savers and our borrowers, and with mortgage interest rates decreasing there was a need to adjust the returns paid to savers. Our aim is that we continue to offer value for money and competitive rates, along with excellent customer service. Kind regards, Family Building Society Response date: 21st February 2025

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