The Cashback for Bank or Investment Accounts Discussion Thread

Nick_C

Buy a Post Office Travel Money Card through TCB and get £15.36 cashback.

Minimum top up £10, which gets you about 11 Euros.

Only load the card with the minimum amount, as the exchange rates are poor.

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/81888408#Comment_81888408

So a "cost" of ~£5 in lost EA interest for 1 entry in a draw to win £50k (if you invest at the last possible date).

Could you hold the "investment" as cash in the S&S ISA?

Would the £2.50/year fees be charged on cash? (it's 0.25%/yr up to £200k).

Cheeky way to soak up that last bit of ISA allowance for the year?

Quite tempted.

DRS1

https://forums.moneysavingexpert.com/discussion/comment/81888301#Comment_81888301

On page 1 of this thread there is an offer from IG. You look like you would qualify for the maximum pay out on that. I have no idea about IG and whether it is any good or what its fees are. Maybe there has been some commentary on here?

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/81888431#Comment_81888431

I'm seeing £13.05? Is this Dynamic Cashback?

ccluedo

https://forums.moneysavingexpert.com/discussion/comment/81888486#Comment_81888486

PO Travel Money Card.

Showing £15.36 for me just now.

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/81888542#Comment_81888542

Odd.

ccluedo

https://forums.moneysavingexpert.com/discussion/comment/81888557#Comment_81888557

PO Travel Money Card

I am a Plus member... which might be the difference...

friolento

https://forums.moneysavingexpert.com/discussion/comment/81888445#Comment_81888445

I can't see a requirement for investing, so suppose you could keep the money in cash, at a miserable 1% interest. You could alternatively put the money into MMF or gilts if you don't want to make any proper investment. A single trade costs £6.

The account fee would be £2.50 if you have less than £200k in there, and kept the money in there for an entire year (50p if over £200k). As far as I can remember, they charge monthly.

If you have no ISA allowance left but got a flexible ISA, you might be able to withdraw the £1k from it. That's the route I will choose.

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/81888560#Comment_81888560

Good point, that'll be why.

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/81888563#Comment_81888563

I'll diarise another look at end of March, might have a punt if I've a spare K to play with.