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Family Building Society: Savings reviews

Name: Savings
Rating: 4.43 (641 reviews)

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4.51

Based on 641 reviews, last reviewed 4th Dec 2024

150% increase in 5 star reviews

in the past 90 days

No new 1 star reviews

in the past 90 days

72%

14%

Latest highest rating:

5

Really great customer service Really great customer service and rapid response to the customer Reviewed on: 4th December 2024

Latest lowest rating:

2

I shouldn't have to get in touch and wait several da... I shouldn't have to get in touch and wait several days to get a statement Reviewed on: 7th October 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 (641)

Review of the Family Building Society, Savings:

Good savings account

Decent interest rates and customer service seems satisfactory Reviewed on: 2nd June 2023

Reply from Family Building Society Thank you for taking the time to leave us this review Gwen. Response date: 2nd June 2023

Instant access account, good interest, easy to open!

Really easy to open online, with a good interest rate & instant access. This was followed up with written confirmation & some answers to existing customers queries, they listen! Reviewed on: 6th April 2023

Reply from Family Building Society Thank you for taking the time to leave us a review, we're pleased that you had found the opening process easy! Response date: 12th April 2023

Savings Account

Recently changed my account and this was very easy with the help I had from the Society Reviewed on: 5th April 2023

Reply from Family Building Society Thank you for taking the time to leave us a review, we're pleased the process very easy! Response date: 12th April 2023

For Mandy Bell

Mandy is a wonderful person to deal with not only in the extremely pleasant way in which she conducts herself, but also with her huge wealth of expertise enabling one to feel absolutely confident with her. Reviewed on: 4th April 2023

Reply from Family Building Society Thank you for taking the time to leave us this review, we're pleased you had a wonderful experience with Mandy. Response date: 12th April 2023

Very helpful assistance

With the online ‘secure messaging’ facility they helped me with two recent investment switches. Also when there was a problem with an application form delayed in the post they rang me when it arrived and dealt with it straight away. Reviewed on: 31st March 2023

Reply from Family Building Society Thank you for taking the time to leave us a review! We're pleased you found our assistance very helpful. Response date: 3rd April 2023

Different offering

Windfall bond is a cool idea, although takes some time to withdraw Reviewed on: 30th March 2023

Reply from Family Building Society Thank you for taking the time to leave us a review, if you'd like some information on our withdrawal times please give our service team a call on: 0330 1410144. Response date: 31st March 2023

Very helpful assistant

Lady on the phone was very patient and the problem was sorted out very quickly Reviewed on: 27th March 2023

Reply from Family Building Society Thank you for taking the time to leave us a review Bev. We're pleased to hear you found us very helpful. Response date: 28th March 2023

Very poor interest rate

Savings interest is well below other building societies Reviewed on: 26th March 2023

Reply from Family Building Society Dear John Decisions about interest rates are always difficult. Our rates are set on a combination of factors. We have to balance the interests of our savers and our borrowers, who pay the interest that savers receive. Please see our website for our full range of savings accounts and the current interest rates. We are aware that savers are even more conscious of the importance of getting the best rate they can at the moment and of course we hope our savers will stay with us, but we understand if you should decide to invest elsewhere. Thank you for your feedback. Kind regards Response date: 13th April 2023

Online saver

Applying online was straightforward as with other providers but what a rigmarole followed with having to provide proof of my nominated bank account! I have opened many online accounts before and since with none of this nonsense, they are all fully sorted instantly. So what's their reason for demanding that? Reviewed on: 22nd March 2023

Reply from Family Building Society Thank you for taking the time to leave us a review Mike. The reason we ask for proof of your nominated bank is to safeguard from third party banks and fraud. If you'd like to find out more please call our Savings Service team on 03330 140144. Response date: 23rd March 2023

Great Building Society for investment

Recently opened a savings account which all went very smoothly and subsequently opened a one year ISA . The internet banking is very easy to use and the people who answer the phone were very helpful when I needed them. Great to be able to book a ring back call .Interest rates are among the best for these savings. Reviewed on: 21st March 2023

Reply from Family Building Society Thank you for taking the time to leave us a review. We're pleased you found our service, helpful! Response date: 22nd March 2023

Too behind the curve

Strange how one has to close an account and open another to receive the latest interest rate; not what one expects when other financial providers regularly text to notify of rate rises. Strange too and quaint how one receives a paper certificate for an account opened and operated online. Waste of paper and postage. This provider is also very slow to respond to changes in Bank Rate and to adjust its interest rates to savers. Suspect some efficiencies could be made generally with a robust review of the Society's practice and procedures. Reviewed on: 21st March 2023

Reply from Family Building Society Hi Ian, Thanks for taking the time to leave us a review. As a smaller Society, it is simply not practical for us to contact all our customers whenever we launch a new product - and they can be withdrawn very quickly if they are popular. We have to make tactical short-range decisions about raising extra savings deposits to fund our mortgage lending dependent on the rates that we can lend out at that time. Our aim is that we continue to offer value for money and competitive rates, along with excellent customer service. We continue to look at ways in which we can be more efficient, and your comments about paper certificates have been passed to the relevant department, so that they can consider improvements to our communications in this regard. Your feedback is appreciated and thank you for saving with us. Response date: 23rd March 2023

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