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Making a dent in my mortgage from free money.

DireEmblem
Posts: 930 Forumite


The idea all started off early 2023, when I wanted to open a 7% regular saver with First Direct and noticed they had a £175 bank account switch offer as well. The process was so straight forward and got me thinking:
I plan to invest any free funds from offers I complete, and let them grow over time to see how much of my mortgage they could potentially pay off. If this would be of interest to others, I will try to post regular updates to the thread. If anyone also has any suggestions, please feel free to share ideas as I'm sure it could help others out as well.
As things stand today, I have completed / started these offers in 2023:
Bonus Received £180
Other offers I am currently looking at is the £125 COOP bank switch, and the BestInvest RAF offer - Invest £1000 for 120 days, and get a £100 bonus, and a further £100 if you switch another GIA/ISA over.
- What other offers are out there?
- How much could I potentially earn over time?
- What would I do with the 'free' bonus money?
I plan to invest any free funds from offers I complete, and let them grow over time to see how much of my mortgage they could potentially pay off. If this would be of interest to others, I will try to post regular updates to the thread. If anyone also has any suggestions, please feel free to share ideas as I'm sure it could help others out as well.
As things stand today, I have completed / started these offers in 2023:
Bonus Received £180
- £175 First Direct account switch.
- £5 Monzo - RAF new account offer
- £200 Natwest account switch.
- £50 CMC Invest
- £50 Octopus Energy RAF switch (their rates were cheaper than Scottish Gas I was with).
- £30 Wombat RAF - £10 per referral.
- £8 Wealthyhood RAF - free ETF.
Other offers I am currently looking at is the £125 COOP bank switch, and the BestInvest RAF offer - Invest £1000 for 120 days, and get a £100 bonus, and a further £100 if you switch another GIA/ISA over.
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