Druids Sheffield Friendly Society

Hi Folks

I have a Savings plan with Druids Sheffield Friendly Society

A simple £25 per month for 10 years. At the time they gave a guaranteed compound bonus rate of 6%. Which means I am guaranteed a minimum payout in

9 years of £4830. This is a minimum payout. The actuary may still apply a terminal bonus which means that it could be more. This seems very good to me.

With lowering interest rates, the current guaranteed bonus rates are 4%, with a minimum payout over 10 years of £4000.

I have friendly society plans with Liverpool Victoria for my twin girls, and want to take one for my Son. But Liverpool Victoria's is not a guaranteed payout, and am thinking of taking a Druid Sheffield one for my son, which would run for 16 years (Until he is 18).

Is the 4% compound rate still good? Any Mr Raygun-esque calculations very welcome.

I chose a friendly society plan as it is tax free and the money is locked away. I know my options with regards saving, and this way is the best for me.

Any help greatly appreciated.