Here’s an example of how you interest can accrue over time:
If you invested £500 with us, it starts to earn interest at 5%, compounded each year. After 10 years, your £500 would have become £814, an increase of 63%.
To reward long-term investors, people who can afford to keep their investment with us for the full 20-year plan can expect to earn a higher rate of 7% after 10 years, meaning your £500 would turn into £1,600 after 20 years – a 220% increase.
Posted in: Why Invest