With essentially the most an individual pays into their account every calendar month being £50, this works out at a most of £2,400 over 4 years.
As such, essentially the most an individual can earn from the financial savings in 4 years is £1,200 in bonus cash.
Some might want to withdraw cash throughout this time – however how will it have an effect on the bonus?
Gov.uk states that if an individual withdraws the cash, will probably be more durable for them to:
- Grow the best steadiness
- Earn the most important attainable bonuses.
“Withdrawing money could mean you are not able to earn a final bonus – depending on how much you withdraw and when,” it provides.