Chase - Nutmeg £100 opening bonus

VXman

flaneurs_lobster said:

VXman said:

If you don't have a Nutmeg account and you open one through your Chase app with at least £1000 they'll give you £100 in June 2023. Offer open until April. 

Just did it for me and the wife. All went through very smoothly.

Can I ask how you decided to invest your 2K? 

Minor correction, the bonus will be paid out in July 23.

I just went for their fixed allocation portfolio just because it was the lowest fees. Went for a balanced pot . 60% equities/40%Bonds. To be honest I won't be investing much. Just using it to get a free £100. I will probably take it all out again at some point as long as it is more than I put in.

Band7

According to Chase chat, they are doing a controlled rollout of the app version which allows you to apply for a Nutmeg account. I don’t know whether registering your interest with their chat will help speeding things up.

trickydicky14

[Deleted User] said:

The nutmeg link is now available in the android app.  I created the nutmeg account through the link.  The £100 bonus is never mentioned throughout the process though.  

I've seen the nutmeg link in my android app for a while now but as you say, no talk of any bonus.

masonic

Now seeing a new offer for the £100 incentive in the app (Android).

orange-juice

I'm doing the 50/50 offers from Wealthify and CMC, but this one feels less attractive because of the bigger outlay😂. How likely to lose >10% of the 1000 in 3 months or so?

masonic

orange-juice said:

I'm doing the 50/50 offers from Wealthify and CMC, but this one feels less attractive because of the bigger outlay😂. How likely to lose >10% of the 1000 in 3 months or so?

It depends on the risk level you choose, but for the highest risk portfolio there is a distinct possibility of that outcome over such a short time period. In my view this offer is only suitable for someone who intends to make long term investments (somewhere, not necessarily at Nutmeg). Selling the Nutmeg investments post-cashback and buying back £1,000 worth of equivalent investments elsewhere would be the best option. The 50/50 offers are much better suited to all-comers, as you'd still be up after the worst conceivable outcome.

I've now signed up after activating the offer in the Rewards section. It is somewhat reassuring to see the offer showing as active there, and an email confirming I signed up via Chase, that I will be eligible for the cashback (speaking as someone who missed out on some Amazon cashback for an order I placed before activating that offer in the app).

PloughmansLunch

Nutmeg is still coming soon in Chase for me. What’s the CMC one?

orange-juice

PloughmansLunch said:

Nutmeg is still coming soon in Chase for me. What’s the CMC one?

https://forums.moneysavingexpert.com/discussion/6417615/cmc-gia-50-bonus-until-30-april-2023/p1

https://www.cmcinvest.com/en-gb/terms-and-conditions/welcome-bonus

trickydicky14

Is this offer targeted, as I can see the nutmeg promo in the app but no mention of a £100 anywhere.

masonic

trickydicky14 said:

Is this offer targeted, as I can see the nutmeg promo in the app but no mention of a £100 anywhere.

It was the same for me a couple of days ago (could see Nutmeg in Save & Invest, but no £100 offer). The £100 offer appeared for me in the Rewards section of the app yesterday afternoon and required activation. I used the link in the activated offer and did not use the sign up page from Save & Invest, which doesn't mention the cashback. Whether those who apply without receiving/activating the offer will qualify I don't know, but I didn't want to risk it.