Yes, unfortunately, it has been impossible for us to maintain the 10% interest rates previously offered due to the continuous increases to the bank base rate.
Thankfully, we have been successful in keeping our premiums very competitive. This means the increased interest rate does not drastically impact you.
FOR EXAMPLE:
| The new interest rate of 12% | average annual policy price of $500 | Interest charged per year: $60 |
| The previous interest rate was 10% | average annual policy price of $500 | interest charged per year: $50 |
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