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Monthly Savings ISA

Our Monthly Savings ISA has been specifically designed to give you tax-free benefits, competitive returns and much more flexibility. It is a Stocks and Shares ISA.

With our Monthly Savings ISA your money is working hard for you AND you’re in control!

It’s a stocks and shares ISA and allows you to shelter £20,000 from the taxman every year.

Competitive Returns

  • get a guaranteed annual bonus of 2% until April 2021, on amounts invested in 2019/20 tax year* 
  • subsequent annual bonus rates will be no less than the annual bonus rate for our Lump Sum ISA; normally we will try to give you more
  • your savings can then be left to grow, withdrawn, or switched to our Lump Sum ISA for even higher growth potential


  • you can vary your premiums or add a lump sum (min £300; max £1,999) at any time
  • you can stop and restart your premiums at any time
  • all funds invested for at least two tax years can be withdrawn with no penalty

Low Starting Premium

  • save from just £50 a month (£30 if you are in your first five years of service as a police officer or staff member)
*A new guaranteed two year rate will be set in April 2020 for amounts invested in tax year 2020/21.
What returns might I expect from this plan?

This plan has only been offered since 2016 and therefore has no ‘past performance’ to show.

However, an indication of future returns can be guided by the guaranteed annual bonus of 2% until 5 April 2021. This rate applies only for amounts invested in 2019/20.

The annual bonus rate applying to amounts remaining invested after the guaranteed period will be no less than the annual bonus rate for our Lump Sum ISA.

Where is my premium invested?

The premiums are invested in the Metfriendly With-Profits fund. For information on what that is and how it works, including a diagram to show the approximate investment mix, please refer to the With-Profits fund page.

What are the early redemption charges?

We seek to keep our charges to a minimum. However should you seek to cash in within 2 years of investing the following apply:

  • Withdrawal or transfer of savings during their tax year of investment – one month’s premiums
  • Withdrawal or transfer of any amount invested in previous tax year – 3% of the value.
  • Metfriendly reserves the right to also apply a Market Value Reduction (MVR) so that the value when you cash in more fairly reflects our performance over the period of investment.
What if I change my mind?

We will send you a certificate showing your benefits and a cancellation notice. If you change your mind, you can return the notice within 30 days for a full refund.

How much will it cost for advice?
  • We do not offer or give financial advice.
  • We do not make any form of commission.
  • The cost of providing verbal or written information about this product is included in our overall expenses.
How do I contact you?

Metfriendly, Central Court, Knoll Rise, Orpington, BR6 0JA

Phone: 01689 891454 Fax: 01689 891455

Email: [email protected]

‘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’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

‘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

Good service – always very helpful and informative.

Miss J Coward, South Norwood, London

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

Mr P Payne, Bordon

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

DC Chris W, SO15

‘I would recommend Metfriendly to everyone.’

Mrs V Thompson, Dagenham