At Communion, we want to help as many people as possible save more of their money.
To that end, we've designed a unique referral scheme that rewards both you and the people you invite to join you in Communion.
Here's how it works: for every friend you invite who signs up and deposits £1 in their Communion savings account, you'll receive a 1% boost on top of your standard interest rate of 4.34% AER up to an additional 5% thanks to Communion's Community bonus programme.
You can invite a maximum of 5 friends, totalling a maximum boost of 5%. The boost applies to the first £5,000 of any balance you have with Communion, and it lasts for 1 year — as long as the invited member remains a member of Communion during that time.
The interest rate boost goes both ways, meaning both you and your friend receive the 1% increase. So not only do you get to help your friends save money, but you also get rewarded for doing so.
This bonus interest is paid by Communion into your Communion savings account, at the end of each calendar month once the bonus amount totals £1 or more. Communion bonus interest totalling less than £1 will roll over to the following month until it totals £1 or more.
Please note that Communion reserves the right to remove the bonus interest at one month's notice at its discretion.