How does money in the fund grow?
Depending on how the underlying assets in the fund perform, and costs incurred, at the end of each year we aim to declare an annual bonus. In addition, when you decide to cash-in your Foresters Friendly Society ISA we may add a final bonus depending on the overall investment growth that has been achieved and expenses incurred. This is different from a Bank or Building Society account or Cash ISA where only interest is added because the growth of the investment depends on the performance of the underlying fund and not the interest rate on the account. Although in some investment conditions the growth in the Foresters Friendly Society ISA might not be as great as that on an interest only account, taking this risk with growth means that there is the potential for growth over and above the level which might be achieved on interest only accounts.
