About investments
Unlike a Cash ISA or traditional savings account, you don't earn interest on the money you pay in.
Instead, an Investment ISA, like My MoneyBuilder Select (ISA), puts your money to work using the long-term growth potential of the stock market.
When you set up a My MoneyBuilder Select (ISA), your money will be invested in an investment policy within a Scottish Friendly ISA. The policy then invests in our Unitised With-Profits fund, which you can read more about in the ‘What funds can I invest in?’ section.
A guaranteed payout on your 10 year anniversary
With My MoneyBuilder Select (ISA) you get a guaranteed minimum cash sum if you cash in on the 10th anniversary of the start date of your investment, or every 5 years after this date. So this includes your 15th anniversary, 20th anniversary, 25th anniversary and so on.
The cash sum will be 100% of the payments you`ve made provided you haven’t withdrawn any of the money in your My MoneyBuilder Select policy or switched out of the Unitised With-Profits fund.
Split your investment for each of your goals
With our ISA you can keep track of each of your financial goals by splitting it into different policies. You can give each policy a name to help you remember what you're investing for in the future.
As long as you stay within your ISA allowance, you can add as many policies as you like.
Managing your investment
We're sure you'll want to check up on and maintain your ISA with us every now and again. That's why we created the My Plans online tool where you can view and manage your policies.
With the My MoneyBuilder Select (ISA) and My Plans you can:
- Increase, decrease, pause or restart your monthly payments
- Make one-off lump sum payments
- Change your funds
- Add extra policies within your ISA
- And much more...
Always on the go? Once you’ve registered for My Plans, you can download the mobile app to keep track of your investments, giving you the freedom to monitor and control your My MoneyBuilder Select (ISA) wherever you may be.
The mobile app allows you to access loads of great features, including:
- Adjusting your annual percentage increase rate
- Amending your Direct Debit date to suit you
- Changing your regular payment amount
- Switching funds.
Find out more about My Plans and our mobile app