When you contribute to your Penfold pension, there’s a brief period of time before your money is invested. During this time, approximately 24 hours, it's held by our custodian (our partner firm, Seccl, who look after your money) – and earns interest!

You don’t need to do anything to get access to this interest; we pay it directly into your account. This means that even during the brief holding period, your money is working for you.

We will show you exactly how much interest you have earned when we send you your annual benefits statement. In the meantime, you can see the current (and historic) rates of interest being applied.

Please note that due to the short time during which your money may be earning interest, the actual payments are likely to be pretty small, but as they say, every penny counts.

It's important to note that this benefit applies to all customers except those who are invested in our Sharia plan. To ensure compliance with Sharia principles, any interest earned by Sharia plans is donated to charity.