Releasing investments will work in the same way as now. The fee to release investments in Access is set to zero. The fee in Plus is 30 days of interest charged at the Going Rate; and in Max it’s 90 days of interest charged at the Going Rate. This reflects the higher earning potential in Plus and Max products.
Example: The fee to release £100 invested in Plus with the Going Rate at 4% would be £0.33. This is calculated as follows: (Sum being released x Going Rate) x (30 days/365 days in a year). The calculation using the numbers from this example is: (£100 x 4%) x (30/365) = £0.33.
As the fee is linked to the Going Rate, it may go up or down over time. When you look to release the investments, the fee will be determined by the Going Rate at that time.
We will let you know of any changes to the Going Rate with 14 days advance notice.
As always, access to your money is subject to liquidity. By founding our new products on a single market, all investments will draw from a single, deep pool which increases liquidity (access to invested money).