Our Spring 1% promotional bonus offer is now live and runs until 30th June 2022. Click here for more information.

Current bonus rates

Annual bonus rates

The table below shows the declared annual bonus rates for 2021, along with the rates for 2020. Annual bonus rates for 2022 will not be decided until the end of the year. Interim annual bonus rates to be paid on claims in 2022 are also shown. These annual bonus rates are applied on a calendar year basis.

Product Tables 2020
Declared
Rate
2021
Declared
Rate

2022
Interim
Rate

Tax-exempt savings plans

8, 10, 11, 21, 22 0.10% 0.50% 0.50%
Standard Savings Plans 12, 15, 16 0.08% 0.40% 0.40%
Lump Sum ISA, Lump Sum Junior ISA & Regular Premium ISAs prior to 2016 24, 25, 28 0.25% 1.00% 1.00%
With-Profit Bonds, With Profit Income Bonds and Flexible Savings Plans 19,26,27 0.20% 0.80% 0.80%
Fully paid tax-exempt Option Plans 11 0.25% 1.00% 1.00%

Fully paid standard Option Plans

12 0.20% 0.80% 0.80%

Lump Sum ISA, Lump Sum Junior ISA & Regular Premium ISAs prior to 2016

24, 25, 28 0.25% 1.00% 1.00%

The table below shows the annual bonus rates for policies where bonus rates are applied on a tax year basis, which starts on the 6th April each year and ends on 5th April the following year. These apply to Monthly Savings ISA and Lifetime ISA policies.

Annual bonus rates for the 2022/23 tax year will not be decided until the end of the year, and the rates shown are interim annual bonus rates to be paid on claims in 2022. Monthly Savings ISA policies issued between 1st January 2016 and 5th April 2020 receive only an annual bonus.

Product Tables 2020/21
Declared
Rate
2021/22
Declared
Rate*

2022/23
Interim
Rate

Lifetime ISAs 31 0.25% 1.00% 1.00%
Monthly Savings ISA & Junior ISA policies issued between 01/01/2016 and 05/04/2020 29,30 1.00% 1.50% 1.50%
Monthly Savings ISA & Junior ISA policies issued from 06/04/2020** 32,33 1.00% 1.00%

*The bonus rate for the 2021/22 tax year will be applied from 6th April 2021 to 5th April 2022. The Society reserves the right to reduce annual bonus rates in 2022 should market movements mean that this is appropriate to maintain fairness for all policyholders. 

**For Monthly Savings ISA & Junior ISA policies issued from 6th April 2020, there is no 2020/21 rate as these policies received the guaranteed reversionary bonus rate of 1.5% for the 2020/21 tax year.

Final bonus rates

Final bonuses do not apply to the Monthly Savings ISAs and Monthly Savings Junior ISAs issued between 1st January 2016 and 5th April 2020.

With-Profit and Lump Sum ISAs

  Final Bonuses as at 1 April 2022
Last Anniversary Date 2021
Q3
2021
Q4
2022
Q1
2022
Q2
5 Year 9% 9% 9% 7%
10 Year 34% 35% 35% 32%
15 Year 55% 55% 54% 52%
20 Year 80% 81% 81% 80%
25 Year 116% 114% 112% 108%

The With-Profit and ISA Bond final bonus rates are for Single Premiums.

Regular Premium ISA (pre 1 January 2016) final bonus is for completed tax years (currently based on 2022 Q2 anniversary).

Flexible Savings Plan final bonus is for completed calendar years (currently based on 2022 Q1 anniversary).

Ten Year Savings Plan / Fixed Term Endowment

  Year of Maturity
Duration 2018 2019 2020 2021
10 Years 12% 13% 11% 14%

The Ten Year savings plan has a maturity option at 10 years but can be left invested as a lump sum with a maturity option each year thereafter.

Great opportunity for family members to be offered the same offers as members.

Miss A McLeary, ESB

‘Hassle-free savings that are started every year on my behalf, without me having to call up.’

 

D.C. R McLaren, Hackney Borough Stations

‘I have always been pleased with the returns from my Metfriendly policies.’

Mr P Payne, Bordon

Very happy with the service. I have a number of policies for myself and my children.

Police Sergeant S Drysdale, DPS Borough Support

‘I would recommend Metfriendly to everyone.’

Mrs V Thompson, Dagenham

‘I’ve used Metfriendly for the last 5 years and recently the money has gone towards a deposit for our house which we are moving into next month. I will be signing back up next month to help save towards my kids future.’

 

Amanda Cooper (Met CC, Bow)

‘I’ve used Metfriendly for the last 5 years and recently the money has gone towards a deposit for our house. I will be signing back up next year to help save towards my kids future.’

Mrs A Cooper, Met CC, Bow

‘Very pleased with the service I’ve received to help me save money direct from my salary.’

DC Chris W, SO15

Good service – always very helpful and informative.

Miss J Coward, South Norwood, London