£50 Cashback with NatWest or RBS Invest

veryintrigued

When is the bonus payment due

November

granta

Am I right in thinking we can cancel our monthly £50 (once final payment in October) to meet the terms of the cashback offer? And cashback will arrive sometime in November so presumably we can shut the Invest account after then? Though they've just reduced their fees so might make it worth keeping for some.

veryintrigued

I'm letting my payment run into November (mines early Nov) and cancelling after the incentives are hopefully paid (NatWest and RBS).

kaMelo

granta said:

Am I right in thinking we can cancel our monthly £50 (once final payment in October) to meet the terms of the cashback offer? And cashback will arrive sometime in November so presumably we can shut the Invest account after then? Though they've just reduced their fees so might make it worth keeping for some.

You would have met the terms and conditions and be entitled to do what you suggest, however, I personally will wait until the cash is in hand before doing anything.
I've learned it's better to be a little patient than have to have an argument.

ischris85

How have the low risk investments faired since September may I ask?

kaMelo

ischris85 said:

How have the low risk investments faired since September may I ask?

Edited to say, duh, I should read properly.
Since 1st September:
RBS  Personal Portfolio 3 Fund unit price is up 1 pence at £1.41
NatWest Personal Portfolio 3 Fund unit price is up 2 pence at £1.34

quirkydeptless

ischris85 said:

How have the low risk investments faired since September may I ask?

Checking Today, I see NatWest Personal Portfolio 1 Fund is down 0.22%

I don't have the RBS one

veryintrigued

Bumping this thread.
No £50 for me yet.
Indeed my £50 contribution for this month isn't showing as yet.

colsten

It's not surprising they haven't paid yet. The date for the last couple of conditions has only just passed (".... don’t cancel your regular monthly contribution instruction at any point before 1 November 2020", and "...don't close close your Relevant Account before 1 November 2020".
The T&Cs state: Payments that you are due will be made into your Relevant Account by no later than 30 November 2020.

alewin

The bonus is due to be paid by 30 November, lots of time left yet.

I am going to cancel the regular contribution today, should be safe to do now. I was normally paying on the 20th of each month.
You could even withdraw the whole amount now but I'll wait a few days as I am down a few quid. The markets went up yesterday and seem to be going up today as well.