Our ISA bonus rate for 2016 is announced

There has been more good news for our ISA members as, for the ninth consecutive year, we’ve announced a 3 per cent bonus on our Stocks and Shares ISA.

Ann-Marie O’Dea, CEO of Shepherds Friendly, said: “I’m delighted that we were able to announce a 3 per cent bonus to our ISA members via their annual bonus statements.

“We have paid 3 per cent on our ISA since we launched the plan back in 2008, and it’s great to know that our members can benefit from stable returns.

“As a Society we’ve paid all our savings and investment members a bonus on their plans for the past 14 years. It’s an achievement we’re incredibly proud of and proves our firm commitment to looking after the interests of all our members.”

We know that trying to get a decent return on your money in a low interest rate environment is tough. Moneyfacts analysis in late 2016* showed that the average easy access savings interest rate is now less than 0.5 per cent while cash ISAs typically pay below 1 per cent.

While other providers have reduced the payments to account holders, we’ve been able to maintain the excellent bonus we pay to our ISA members.

Make the most of your savings, tax-free

The Shepherds Friendly Stocks and Shares ISA is designed to help you to make the most of your savings, whether you want to save a monthly amount, a lump sum, or a combination of the two.

You can open our ISA with a single payment of £500 or more, up to your annual ISA allowance. You can also save regularly, by setting up a Direct Debit payment of at least £30 per month.

Our Stocks and Shares ISA has a medium to low investment risk rating, and your money is invested on your behalf by our fund manager in a sensible and responsible manner, with the aim of providing growth via annual bonuses. We’ve been able to pay a bonus of 3 per cent on our ISA every year since it was launched in 2008.

And, because it is an ISA, all returns are paid free of income and capital gains tax.

“While other institutions are cutting back on the returns they pay their ISA holders, at Shepherds Friendly we have a strong commitment to ensuring our ISA members get a good deal,” Ann-Marie added. “And, with the end of the tax year approaching, now is the time to consider using your 2016/17 annual ISA allowance.”

You can open a Shepherds Friendly Stocks and Shares ISA easily online via our website, unless you have paid into another stocks and shares ISA since 6 April 2016 or you have used up your annual ISA allowance of £15,240.

What this means is that you can combine the excellent returns of our ISA with your existing cash ISA or Help to Buy ISA in order to maximise your tax-efficient savings.

For more information about our ISA, head to our website or call us on 0800 526 249.

Important information that you should know….

  • When you take out an investment product with us your capital is at risk and you may get back less than you have put in.
  • All references to taxation are to UK taxation and are based on Shepherds Friendly Society’s understanding of current legislation and H M Revenue and Customs practice which may change in the future.
  • Investment growth is by means of bonuses, the amount of which cannot be guaranteed throughout the term of the contract.
  • Past performance is not a guarantee of future performance.
  • Please ensure that you read the full terms and conditions of this plan which are available from your financial adviser or by contacting us directly.

No advice has been given by Shepherds Friendly, and if you are in any doubt as to whether a savings plan is suited to your needs, then you should contact a financial adviser. There may be a charge for financial advice, and the cost should be confirmed to you before any advice is given.


Please note: Whilst the information in this article was correct at the time of publication, as of January 2024 we have updated the bonus payment schedule to every three months (quarterly) instead of once a year. Past bonuses are not a guarantee of future bonuses.