Family Building Society - Market Tracker savings accounts

Written by Family Building Society.

This article is not intended to be finance advice to any individuals. The views expressed are those of the author and Moneyfacts.co.uk does not endorse the content.

Interest rates are finally on the up and this looks set to continue for the foreseeable future. However to take full advantage of these frequent increases, many savers will need to move their money around on a regular basis. This can take time and effort.

With their Market Tracker accounts, Family Building Society does the hard work for you! Its Market Tracker accounts track easy access saving rates across the market, so you receive a consistently competitive interest rate.

For the Market Tracker Saver, the interest rate paid is calculated using data from Moneyfacts® and pays the average of the interest rates of the top 20 easy access accounts in the market, based on the rate for a £10,000 investment.

The Market Tracker Cash ISA uses the same calculation as the Market Tracker Saver but with an extra 0.05%.

Family Building Society reviews the interest rates for these products every three months to make sure they are still tracking market rates.

Both Market Tracker products are available to open from just £500 online, by post or via their Epsom branch, so you can set up an account whichever way you prefer.

All of Family Building Society’s savings accounts are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. 

If you don’t have the time to constantly review the best savings rates and want to keep pace with the market, then these Market Tracker savings accounts could be right for you.

Visit the Family Building Society website for full details and to open an account today.