Invest your money wisely in a wide range of financial products and services provided by Scottish Friendly, and earn cashback when you do by signing up to TopCashback using the form at the bottom of this page. As one of the UK's leading mutuals, they are experts in financial management and provide a variety of solutions, including ISAs and bonds.
There are no interest rates as their investment ISAs are linked to a variety of assets and allow you to invest in the stock market tax efficiently. Use your child's Junior ISA allowance to invest for your kids' future by making monthly payments of as little as £10, while if you are a grandparent, you can invest for the future of your family.
My Prosperity ISA
The My Prosperity ISA is ideal if you want the simple option of investing up to £20,000 tax-free in one fund. You can invest any amount from £10 a month or a lump sum from £100 - or a mixture of both. It will give you peace of mind as you will receive a guaranteed minimum cash sum on your 10th anniversary (terms and conditions apply).
Once you have set it up, you can cash in or raise, lower, stop and restart payments at any time. Provided you have not made any withdrawals, on the 10th anniversary of your investment start date, you are guaranteed to get back at least as much as you paid in. Your money will be invested in a policy which buys units in a fund which may include stock market shares, property, cash and bond assets.
My Choice ISA
A My Choice ISA gives you more control as you can choose from eight risk-graded funds, while it also gives you the option to transfer into a My Choice ISA from an existing ISA. Whether you are looking to save up for a deposit on a house, a new car or a holiday, this type of Scottish Friendly ISA will get you into the habit of saving and allow you to invest in your choice of funds, depending on how much of a risk you are prepared to take.
This is a long-term investment (5-10 years), though you can take your money out whenever you want without incurring any charges. No matter which funds you select, there is no performance guarantee as the value of investments can go down as well as up. Choose low to high risk & return funds, ranging from the UK Government Bond fund to the International Company Bond fund and the UK Tracker fund, while to find out what returns you might expect, see the 'How Your Money Could Grow' tab.
