The Cashback for Bank or Investment Accounts Discussion Thread

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/81960230#Comment_81960230

Again, not answering the question - after I opened the (tracked) ISA yesterday I opened a GIA as somewhere to stash a few quid in case fees become payable. This has not tracked.

Altior

https://forums.moneysavingexpert.com/discussion/comment/81960208#Comment_81960208

Just for info you can 'invest' in a short term money market fund. The capital is effectively safe unless there is a market collapsing type of event (then £500 in your CSD ISA is the least of your worries!). If there is a huge market meltdown, you might have to wait to access the funds, but MM are effectively safe. And you'll yield close to the Bank's central rate whilst you hold the fund.

Altior

CSD

For more general info, it may well have been discussed on the thread in the past but CSD have a slightly odd system in that you get investing credits, £50 every 6 months. When I purchased the RL fund, I think fees would have been £4 but the software applied £4 of my investing credit to them, so it netted off to £0.

andyhicks88

I've noticed a lot of these cashback offers on TCB and Quidco seem to offer the cashback for both ISA and GIA options, does opening both with these providers generally work in giving you double lots of cashback?

artyboy

https://forums.moneysavingexpert.com/discussion/comment/81958892#Comment_81958892

Yes, I find TCB to be more transparent than Quidco with managing claims, I've already thrown one in for the non-tracked GIA, and it's 'on ice' until a month after the account was opened.

With a view that it's not really costing me anything other than a bit of time, I did open the ISA as well this morning. Just to mix it up a bit, I did this on my desktop, had to go through the same (suspicious) double set of accepting cookies, and then funded it. Or rather I didn't because it decided to put the deposit in my GIA instead. So I've had to separately fund another £500 into the ISA, and now I'm wondering if withdrawing £500 from the GIA could mess up any cashback claim (even though it would still have £500 in it.

And of course the ISA cashback hasn't tracked either. So a mess all round and a reminder of why I detest CS. So much for easy free money, but let's see how it goes.

friolento

https://forums.moneysavingexpert.com/discussion/comment/81960843#Comment_81960843

Sorry to hear you got into a muddle now, and that CS hasn't tracked for you once more. Though I must say, TCB tracking is a bit hit and miss recently. I had some totally unrelated transactions not tracking yesterday, for non-financial retailers. I now just submit a claim immediately when this happens, lest I'd forget to claim at a later stage.

Altior

On CSD I opened the GIA separately then funded it with another £500, after funding it, the system said thanks for topping up your ISA 😕 Somehow it must have defaulted back to the ISA, pretty risky if you were already on the £20K limit for the year. With the funding window it shouldn't impact the cashback, assuming you can get multiple cashbacks for the different products. After using ob for the likes of FT and 212, this platform does feel like a time capsule.

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/81960927#Comment_81960927

Was that glitch using the web or the app? I've only funded the ISA and would quite like new funds to go where I want them. App does seem to do direct app-to-app funding from a bank (whatever that's really called).

Altior

https://forums.moneysavingexpert.com/discussion/comment/81960946#Comment_81960946

I did it via the web on my laptop, I thought the best way to get it to track. However after that issue, I installed the app to fund the GIA again and that went through as expected.

artyboy

https://forums.moneysavingexpert.com/discussion/comment/81960951#Comment_81960951

yes, that same 'glitch' was when I did it on a regular PC - it's very dodgy given it asks you if you want to fund the account you just set up and then defaults applying the deposited funds to a different account entirely!