Family Building Society

sevenonine

I've just seen MSE's latest update on ISAs and mention of FBS - I'd never heard of them before. Has anyone saved with them (online)? Would like to hear how they shape up.

jimjames

What rate are they offering?

retiree

"it is part of National Counties building society, based in Epsom, Surrey, though it operates as a separate division with its own products. And there are no branches for people to visit – the Family is a phone- and internet-only business" - The Guardian

sevenonine

jimjames wrote: »

What rate are they offering?

The ISA pays 1.22% and is at the top of Martin Lewis's list; also is covered by the £75,000 assurance. The next best payer is Coventry paying 1.10%. I suppose, as it has ML's recommendation, it should be OK but would still like to hear if anyone has used them.

sevenonine

retiree wrote: »

"it is part of National Counties building society, based in Epsom, Surrey, though it operates as a separate division with its own products. And there are no branches for people to visit – the Family is a phone- and internet-only business" - The Guardian

Sounds suspicious to me even though ML recommends it and it has the £75,000 assured sum.

Biggles

sevenonine wrote: »

Sounds suspicious to me even though ML recommends it and it has the £75,000 assured sum.

In what way does it sound 'suspicious'?

patientperson

I have been a member since 11/2014. They are, as already stated, a subsidiary of National Counties BS and are fully £75,000 guaranteed.

jimjames

sevenonine wrote: »

The ISA pays 1.22% and is at the top of Martin Lewis's list; also is covered by the £75,000 assurance. The next best payer is Coventry paying 1.10%. I suppose, as it has ML's recommendation, it should be OK but would still like to hear if anyone has used them.

Presumably you've already filled all the accounts paying higher interest?

sevenonine

jimjames wrote: »

Presumably you've already filled all the accounts paying higher interest?

Is there more than one top account paying high interest? Unlike some here who have 5 or more accounts running at any one time I choose only one that fulfils all the criteria - I don't want to lose money!

sevenonine

patientperson wrote: »

I have been a member since 11/2014. They are, as already stated, a subsidiary of National Counties BS and are fully £75,000 guaranteed.

Thanks for your info but I'd never even heard of National Counties! I guess there must be many more smaller BSs that I haven't heard of.

kidmugsy

We've been perfectly happy with National Counties. My wife has some money there at the moment, and has had for many years.