Help to Save

SmallGuy

Originally, you got the same amount of bonus in years 3 and 4 as you did in years 1 and 2. This has now changed to 50%. I think they also changed it so you now have to leave all the money, and interest, in the account to even get that.

Ed-1

carl.waring said:

Originally, you got the same amount of bonus in years 3 and 4 as you did in years 1 and 2. This has now changed to 50%. I think they also changed it so you now have to leave all the money, and interest, in the account to even get that.

There's been no changes to how Help to Save works. The bonus has always been 50% of the highest balance achieved after 2 years. Then another bonus of 50% of the highest balance achieved after 4 years (less the highest balance achieved after 2 years which has already had a bonus).

eskbanker

SmallGuy said:

Originally, you got the same amount of bonus in years 3 and 4 as you did in years 1 and 2. This has now changed to 50%.

The bonus arrangements haven't changed, as you can see if you read early posts in this thread, dating back six years.

SmallGuy said:

I think they also changed it so you now have to leave all the money, and interest, in the account to even get that.

Likewise, nothing has changed here either.  As posted earlier, there is no 'interest', just bonuses, and these have always been paid out externally so there hasn't even been the ability to leave them in the account, never mind this being required.  It's always been the case that maximum bonus award (two lots of £600) can only be achieved by not making any withdrawals.

Where are you sourcing all the misinformation from?

SmallGuy

My memory, really. Which has never been that good, to be honest. I could have sworn I was right though.

Oh well. Thanks anyway. 😳