Metfriendly is operating as normal despite the current situation. We are coordinating our response to COVID-19 to ensure we can continue to deliver for our members. If you are seeking to apply for a new product you may prefer to do so online.

Current bonus rates

Annual bonus rates

Product Tables 2019
Declared
Rate
2020
Declared
Rate

2021
Interim
Rate*

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.
For Tables 32 and 33 the current bonus rate for tax year 06/04/2020 to 05/04/2021 is 1.5%.
The guaranteed reversionary bonus rate for the Monthly Savings ISA and Lifetime ISA for the 2020/21 tax year is 1.5%. The guaranteed reversionary bonus rate for the Monthly Savings ISA and Lifetime ISA for the 2021/22 tax year will be 1%. This will apply to all new MSISA plans starting between 6/04/2021 and 05/04/22 and to all recurrent premiums and lump sums paid into LISA plans for the 2021/22 tax year.

 

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.

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

Mr P Payne, Bordon

‘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

‘I would recommend Metfriendly to everyone.’

Mrs V Thompson, Dagenham

Good service – always very helpful and informative.

Miss J Coward, South Norwood, London

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

DC Chris W, SO15

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

 

D.C. R McLaren, Hackney Borough Stations

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

Police Sergeant S Drysdale, DPS Borough Support

‘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)

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

Miss A McLeary, ESB