Interactive's £100 isa transfer bonus extended: August '21

soulsaver

I've not seen it advertised... and not found it on here?

Free ISA - it adds up - interactive investor (ii.co.uk)

Interactive Investor offers £100 for £20k ISA transfer in, for transfers initiated before eod Aug 31st.

Open to existing ISA customers.

I've submitted one today (July 30th).

ETA: extended to include August eligibility.

Alexland

Problem is you need to keep your account with them for at least 12 months by which time you will have paid them more than the cashback in ongoing charges.  II very rarely works out cheapest for ISA customers.

soulsaver

Well it's not a problem if like me you've already got a sipp, a trading ac (and/)or an ISA with them, the ISA transfer £100 is effectively free.

And, of the (existing) £10 pm fee, £7.99 is redeemable against trading fees for up to 90 days. 

eta clarification trading fee credit.

masonic

This is much better than the last offer they had running. Terms are here: https://media-prod.ii.co.uk/s3fs-public/pdfs/ISA_cashback_offer_terms_July2021.pdf

The terms may contain a loophole for existing II S&S ISA holders in that they do not appear to prohibit the partial transfer out of money that was transferred in after the incentive has been paid. If I had £20k in a cash ISA, or hadn't used this years allowance, I might be tempted to try this for a potential £100 (would need to confirm they still support partial transfers out - they used to but this might have changed).

Stompa

I've just received my £100 today, exactly 3 weeks after I initiated the transfer.

soulsaver

Stompa said:

I've just received my £100 today, exactly 3 weeks after I initiated the transfer.

I assume your transfer has completed? My IWeb £20k cash partial is still 'in flight', although last week II said they had the £20k but had admin to do before it is applied to my account - so no incentive credited as of today.

Stompa

soulsaver said:

Stompa said:

I've just received my £100 today, exactly 3 weeks after I initiated the transfer.

I assume your transfer has completed?

Yes, miraculously it took just 8 days (despite their original estimate being 5 weeks).

RoadToRiches

It’s still available, seems to be ongoing each month like the SIPP promotion 6 months free and up to £500 cash back. 

soulsaver

RoadToRiches said:

It’s still available, seems to be ongoing each month like the SIPP promotion 6 months free and up to £500 cash back. 

It appears they extended the ISA transfer incentive to include month of August. OP edited, thanks.

soulsaver

soulsaver said:

Stompa said:

I've just received my £100 today, exactly 3 weeks after I initiated the transfer.

I assume your transfer has completed? My IWeb £20k cash partial is still 'in flight', although last week II said they had the £20k but had admin to do before it is applied to my account - so no incentive credited as of today.

So, II's admin is back to BS rubbish: Contrary to the above info., this week they tell me they are waiting for iWeb to transfer the funds.