The Cashback for Bank or Investment Accounts Discussion Thread

friolento

https://forums.moneysavingexpert.com/discussion/comment/81872721#Comment_81872721

Mine too. Very pleased 😉

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/81872727#Comment_81872727

My second payout for simply adding funds to an existing S&S ISA - I see that particular loophole has been explicitly closed in the latest rules.

norton66

So I've setup my new IG Share Account for the £200 deposit match bonus. This is my first GIA so what is something "easy" to invest in, I don't mind holding something but am concerned of any tax reporting requirement, I was thinking a distributing ETF that is UK reporting something like VMID.

MeteredOut

https://forums.moneysavingexpert.com/discussion/comment/81872745#Comment_81872745

I did the HSBC MMF - thought its a little more than £200, so you'll have to deposit a couple of quid more (details upthread). This has a very thin spread, so good if you intend just to close the positions once the share has arrived and the T&Cs holding timeframe has been adhered to.

friolento

https://forums.moneysavingexpert.com/discussion/comment/81872738#Comment_81872738

Is that TCB or Santander rules? As in my experience, Santander are not always very good at enforcing their T&Cs…… I won't say how many times they paid me😉

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/81872903#Comment_81872903

TCB I think (at least they are on their page for the S&S ISA cashback offer). Not entirely obvious.

This offer is only available to new Santander Stocks & Shares ISA customers. Existing customers, including those topping up an existing ISA, are not eligible for cashback.

andyhicks88

They opened my IG account overnight…after they sent an email asking if I'd ever been charged with any criminal, cival or regulatory offence as my name has been flagged for further checks. I was mortified and replied no i haven't thankyou very much!

Mamma2004

Do people close their Santander S&S ISA after the cashback payout?

I got the payout today.

Metrocammell

just checked, also had the TCB Santander ISA payout. Debating if I should just keep it open and funded at this point.

flopsy1973

SSo Opened a IG share dealing account with 200 what's the lowest volatile investment I can buy as will only keep it until I get the free 200 bonus something like a money market fund ?