Expired - Onefamily JISA £80 topcashback for £10/month

Alexland

If your child doesn't yet have a S&S Junior ISA then Onefamily are (again) offering £80 cashback if you setup a new account with contributions from as little as £10 per month. They only have one fund choice and the fees are high at 1.5% so its not suitable for larger sums but assuming the purchase tracks ok (using topcashback's special link) and the cashback becomes payable within the 3 months you should be in profit and are then free to stop further contributions.

https://www.topcashback.co.uk/onefamily-isa/

Unlike the friendly society cashback offers there doesn't seem to be any mechanism to clawback if you exit the product early so you can either leave the small amount of money invested until the child can access at age 18 or transfer it to another better value Junior ISA provider. If you have a CTF you will be required to transfer this into any new Junior ISA account as you are not allowed to hold both for the same child.

I applied for our newborn second child, it tracked ok and once the cashback is payable intend to move it to Vanguard Investor (reinvesting the cashback and adding more to get to their £500 account minimum). I moved our first child's JISA from Orbis (who were offering a £100 bonus at the time) to Vanguard and will make some additional contributions to get their account balances matching.

Alex

Alexland

No interest in this offer, but to confirm that the £80 Topcashback became payable after 3x £10 contributions (and I have cashed out in supermarket vouchers for further bonus) so I have asked OneFamily to stop the direct debit and will next initiate a transfer to Vanguard topping up to their minimum using the recent Fineco bonus money.