Family Savings
Family Savings
Every family is different. Which is why we have a range of savings options to suit them all. Our range is designed for families with dependent children up to 16 years old (or 18 if they are in full-time education). Whether you have a savings goal, or need to access your savings when you want, you will love our brand new range of savings accounts.
Exclusive Offers
We've created some very special offers, only for Family Savers. If you open any of our new Family Savings Accounts, you'll be eligible for some great additional benefits that we have designed just for Family Savers.
Home insurance
FREE home emergency cover worth £49.50 each year.
Open any of our new Family Savings Accounts and, when you take out home insurance through the Society you get up to £500 of home emergency cover for free. Just make one phone call to find the right tradesman for the job. This service is available 24 hours a day, seven days a week. Terms and conditions apply.
Family Regular Savings
All you need to know about the Family Regular Saver
Current rates
| Account balance | Gross* | Net** | AER*** | |
|---|---|---|---|---|
|
Bonus of 3% will continue to be paid providing the account conditions are adhered to. |
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|
£1 and over (year 1 - fixed rate)
Excluding 3.00% conditional bonus |
3.00% | 2.40% | 3.00% | |
| Including 3.00% conditional bonus | 6.00% | 4.80% | 6.00% | |
| £1 and over (after year 1 variable rate) Excluding 3.00% conditional bonus |
0.50% | 0.40% | 0.50% | |
| Including 3.00% conditional bonus | 3.50% | 2.80% | 3.50% | |
Family Easy Access
If your family needs to be flexible when it comes to saving, then the Family Easy Access Account is ideal. Like its name suggests, this account makes it easy to access your day-to-day savings when you want it, and save when you like. You get an attractive rate too.
All you need to know about the Family Easy Access
Current rates
| Account balance | Gross* | Net** | AER*** | |
|---|---|---|---|---|
| Family Easy Access interest is paid annually on 1st January | ||||
| £1 and over | 1.20% | 0.96% | 1.20% | |
Family Young Saver
Get your kids off to a good start by opening a Family Young Saver Account. Parents, grandparents or guardians can open this account for a child with as little as £1. It's a great way of getting a young person off to a good start in life. Even better, they get an attractive rate.
All you need to know about the Young Saver.
Find out more about the Norwich and Peterborough Child trust fund
Current rates
| Account balance | Gross* | Net** | AER*** | |
|---|---|---|---|---|
|
Family Young Saver interest is paid annually on 1st January |
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| £1 and over | 2.00% | 1.60% | 2.00% | |
Definitions
* Interest will be paid gross (that is before the deduction of income tax) to non-taxpayers subject to eligibility and the required registration. Otherwise interest will be paid after deduction of income tax at the appropriate rate. Please note that gross interest can only be paid to customers aged 16 or over if they are the named account holder.
** Net rates (that is after the deduction of income tax) shown are for illustrative purposes only. The interest you earn on this account will currently be taxed at the rate of 20%.Higher rate tax payers could have a furthermore liability.
*** AER means Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added each year.