What is a savings bonus?

What is a savings bonus?

Ian Green (Director) gives expert video advice on: Do building societies offer more interest?; How do I know I am getting the best deal?; What is a savings bonus? and more...

A savings bonus is a loyalty bonus or a reward that the institutions give you for really sticking with it. For example, if you put your money in and keep it in there for a year, three years, or five years, a bonus gets added at these times. It's the institution's way of saying thank you for sticking with them.