Wealthify* Free £75+ investment – just put in at least £75 for a year.

masonic

subjecttocontract said:

The supermarket example is a genuine cash back. But there is no actual cash involved with the Wealthify offer.

If you read the main site, or get the weekly email, you'll see frequent references to cashback. Cashback credit cards, cashback websites, cashback for taking out mobile phone and broadband contracts, insurance etc

https://www.moneysavingexpert.com/shopping/cashback-websites/

https://www.moneysavingexpert.com/credit-cards/best-credit-card-rewards/

https://www.moneysavingexpert.com/savings/robo-funds/

Cashback is probably one of the most popular MSE concepts, and widely used by retailers. It's important enough to be defined as a distinct class of payment and written about by HMRC: https://www.gov.uk/government/publications/statement-of-practice-4-1997/statement-of-practice-4-1997

artyboy

subjecttocontract said:

The supermarket example is a genuine cash back. But there is no actual cash involved with the Wealthify offer.

There most certainly is - you deposit £75, leave it invested for the minimum period, and they will credit you with another £75, in cash, on top of what you already have invested.

Hope that finally clears things up!

topgearfan08

Id did the £50 one a year and a week ago.   No sign of the £50 yet... anyone else been paid theirs?

Winkflower

If I put eg  £50 this month and £25 next will that count as the £75, or does the £75 need to be in one go? Thanks for your help.

MX5huggy

Winkflower said:

If I put eg  £50 this month and £25 next will that count as the £75, or does the £75 need to be in one go? Thanks for your help.

From my reading of it you would be fine doing that, but personally I would wait till you had the £75 and put that all in in one go because it mentions initial investment, you have 6 months from opening the account to make the deposit then you wait 12 months I think from the investment date not the opening date till they issue the cash back. It’s all here I’m down 1p on my £75 so far.  https://www.wealthify.com/campaigns/money-saving-expert-get-between-75-1000-cashback-when-you-invest-75-or-more?ref=msecb-msejune751000cb23&utm_source=money_saving_expert_cashback&utm_medium=affiliate&utm_campaign=get-75-1000-cashback

boingy

Winkflower said:

If I put eg  £50 this month and £25 next will that count as the £75, or does the £75 need to be in one go? Thanks for your help.

It all has to be in one go. The weasel words talk about the "initial investment".

(I'm also down 1p on my initial £75 investment. We're doomed, I tell you. DOOMED!)

subjecttocontract

But which risk factor did you select 'ultra cautious' or 'especially risky' ?

MX5huggy

subjecttocontract said:

But which risk factor did you select 'ultra cautious' or 'especially risky' ?

Free soloing El Cap without a rope. https://youtube.com/watch?v=urRVZ4SW7WU&feature=share8 

Catplan

How long after funding did it take for funds to appear in dashboard?

boingy

Catplan said:

How long after funding did it take for funds to appear in dashboard?

2-3 days and another couple of days for it to be invested.