What are the benefits of keeping a Certificate invested for a further term of the same length?
Firstly, it’s easy – you don’t need to do anything. At the end of the term we’ll make sure your Certificate starts to earn the new guaranteed rates of interest shown in your letter – even if the interest rates on offer for Savings Certificates fall in the meantime. However, if the rates on offer go up between the date of your letter and the end of your Certificate’s term, we promise to pay you the higher rates. And secondly, we will treat your continued investment as “matured funds”. This means that you can reinvest the full value into a different term or type of Certificate at any time, even if this exceeds the usual 15,000 limit. And it won’t count towards the limit for any new money you might want to invest in the same Issue. Please note that you can only do this once for each matured Certificate – the usual holding limits will apply for any further reinvestments.
