New Savings Calculator shows Guaranteed Savings Plan Potential
Thursday, March 21, 2013
Investors in a Foresters Friendly Society Guaranteed Savings Plan will now be able to see how much their savings could potentially grow when they use the new savings calculator. The calculator allows savers to see how much their savings could be worth depending on rates of growth over the life of the Plan.
Customers can select how much they want to save and how long they want to save for; the calculator will then show how much they could get back if their lump sum grows at 3%, 5% or 7%. This growth is on top of the guaranteed return the plan already offers, providing monthly contributions are maintained for the life of the Plan. Savers can also easily see how the returns vary by saving an additional few pounds a month or saving for a bit longer.
Neil Armitage, Marketing Director at Foresters Friendly Society said: "We wanted to make it easy for our customers to see how much they could get from our Guaranteed Savings Plan. The calculator is easy to use and gives a clear indication of the returns that savers can expect. Saving even a small amount over a few years can add up to a healthy lump sum and we want to encourage people to save as much as they can. As well as this all our members have access to our range of member benefits including optical and dental grants, online discounts and cash back and help writing a Will."
Click here to try the Guaranteed Savings Plan calculator >