Annual bonus rates
Product | Tables | 2019 Declared Rate |
2020 Declared Rate |
2021 |
---|---|---|---|---|
Tax-exempt savings plans |
8, 10, 11, 21, 22 | 0.80% | 0.10% | 0.10% |
Standard Savings Plans | 12, 14, 15, 16 | 0.64% | 0.08% | 0.08% |
Lump Sum ISA, Lump Sum Junior ISA & Regular Premium ISAs prior to 2016 | 24, 25, 28 | 1.00% | 0.25% | 0.25% |
Monthly Savings ISA & Junior ISA policies issued between 01/01/2016 and March 2020 | 29,30 | 2.00% | 1.00% | 0.25% |
Monthly Savings ISA & Junior ISA policies issued from April 2020** | 32,33 | – | – | 0.25% |
Lifetime ISAs | 31 | 1.00% | 0.25% | 0.25% |
With-Profit Bonds, With Profit Income Bonds and Flexible Savings Plans | 19,26,27 | 0.80% | 0.20% | 0.20% |
Fully paid tax-exempt Option Plans | 11 | 1.00% | 0.25% | 0.25% |
Fully paid standard Option Plans |
12 | 0.80% | 0.20% | 0.20% |
* Annual Bonus rates for 2021 will not be decided until the end of the year. Interim annual bonus rates to be paid on claims in 2021 are also shown. These annual bonus rates are applied on a calendar year basis and paid pro-rata, depending on the maturity or surrender date.** For Tables 29 to 33 inclusive outside of their guaranteed bonus period, bonus rates apply for a tax year. The Society reserves the right to reduce annual bonus rates in 2021 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 receive the guaranteed reversionary bonus rate of 1.5% for the 2020/21 tax year. Please note that Final Bonuses do not apply to Monthly Savings ISA & Junior ISA policies issued between 2015 and March 2020.
|
Final bonus rates
With-Profit and Lump Sum ISAs
Final Bonuses as at 1 January 2021 | |||||||
---|---|---|---|---|---|---|---|
Last Anniversary Date | 2020 Q2 |
2020 Q3 |
2020 Q4 |
2021 Q1 |
|||
5 Year | 9% | 9% | 9% | 9% | |||
10 Year | 32% | 32% | 32% | 33% | |||
15 Year | 55% | 54% | 54% | 55% | |||
20 Year | 72% | 72% | 74% | 76% | |||
25 Year | 118% | 117% | 117% | 117% |
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 2020 Q2 anniversary).
Flexible Savings Plan final bonus is for completed calendar years (currently based on 2021 Q1 anniversary).
Ten Year Savings Plan / Fixed Term Endowment
Year of Maturity | ||||||||
---|---|---|---|---|---|---|---|---|
Duration | 2018 | 2019 | 2020 | 2021 | ||||
10 Years | 18% | 12% | 13% | 11% |
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.