Current bonus rates

Annual bonus rates

The table below shows the declared annual bonus rates for 2023, along with the rates for 2023. Annual bonus rates for 2024 will not be decided until the end of the year. Interim annual bonus rates to be paid on claims in 2024 are also shown. The Society reserves the right to reduce annual bonus rates in 2024 should market movements mean that this is appropriate to maintain fairness for all policyholders. These annual bonus rates are applied on a calendar year basis.

Product Tables 2022
Declared
rate
2023
Declared
rate

2024
Interim
rate

Tax-exempt savings plans

8, 10, 11, 21, 22 0.75% 0.75% 0.75%
Standard savings plans 12, 15, 16 0.60% 0.60% 0.60%
Fully-Paid Standard Option Plans, With-Profit Bonds, With Profit Income Bonds and Flexible Savings Plans 12, 19, 26, 27 1.20% 1.20% 1.20%

Fully Paid Tax-Exempt Option Plans, Lump Sum ISA, Lump Sum Junior ISA & Regular Premium ISAs prior to 2016

11, 24, 25, 28 1.50% 1.50% 1.50%

 

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 2024/25 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 2024.

Monthly Savings ISA policies issued between 6th April 2015 and 5th April 2020 receive only an annual bonus, which is usually expected to be higher than the annual bonus for other ISA policies. Given investment market volatility during 2022 and 2023, and the market value reductions being applied by the Society, the margin has been reduced to 0.00% for 2022/23 and 2023/24.

Product Tables 2022/23
Declared
rate
2023/24
Bonus
rate*

2024/25
Interim
rate

Lifetime ISAs** 31 1.50% 1.50% 1.50%
Monthly Savings ISA & Junior ISA policies issued between 06/04/2015 and 05/04/2020 29,30 1.50% 1.50% 1.50%
Monthly Savings ISA & Junior ISA policies issued from 06/04/2020** 32,33 1.50% 1.50% 1.50%

*The bonus rate for the 2023/24 tax year will be applied from 6th April 2023 to 5th April 2024. The Society reserves the right to reduce annual bonus rates in 2024 should market movements mean that this is appropriate to maintain fairness for all policyholders. 

**A guaranteed reversionary bonus rate is applied to new Monthly Savings ISA & Junior ISA policies for the tax year they are opened and to all premiums paid into Lifetime ISA plans in a tax year. Monthly Savings ISA & Junior ISA policies issued and all premiums paid into Lifetime ISA plans during the 2023/24 tax year (6th April 2023 to 5th April 2024) receive the guaranteed reversionary bonus rate of 1.5%. The guaranteed reversionary bonus rate for the 2024/25 tax year will also be 1.5%. This will apply to all new Monthly Savings ISA & Junior ISA plans starting and to all premiums paid into Lifetime ISA plans between 6th April 2024 and 5th April 2025.

Final bonus rates

With-Profit and Lump Sum ISAs

With-Profit and Lump Sum ISA bonds are normally eligible to receive final bonuses from the third policy anniversary onwards.

  Final bonuses as at 1 April 2024
Last anniversary date 2023
Q3
2023
Q4
2024
Q1
2024
Q2
5 year 1% 0% 0% 0%
10 year 20% 19% 18% 17%
15 year 45%  45% 44% 43%
20 year 72% 70% 69% 67%
25 year 88% 86% 84% 82%

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

Regular Premium, Monthly Savings and Lifetime ISAs

Regular Premium ISA (issued before 1st January 2016), Monthly Savings ISA (issued on or after 6th April 2020), and Lifetime ISA final bonuses are for completed tax years (currently based on 2023 Q2 anniversary), with policies normally eligible to receive final bonuses following three complete tax years.

Flexible Savings Plan final bonuses are for completed calendar years (currently based on 2024 Q1 anniversary), with policies normally eligible to receive final bonuses following three complete calendar years.

Final bonuses do not apply to Monthly Savings ISAs and Monthly Savings Junior ISAs issued between 6th April 2015 and 5th April 2020. 

Ten Year Savings Plan

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. Final bonuses payable on maturities in 2024 are shown in the table below.

Annual duration at maturity 10 years 15 years 20 years 25 years
Ten Year Savings Plan (Fully-paid) 4% 11% 30% 57%

 

‘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)

Good service – always very helpful and informative.

Miss J Coward, South Norwood, London

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

Miss A McLeary, ESB

‘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

‘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 would recommend Metfriendly to everyone.’

Mrs V Thompson, Dagenham

‘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

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

DC Chris W, SO15