The Cashback for Bank or Investment Accounts Discussion Thread

flaneurs_lobster

CS Direct - Low risk funds

Investing directly (where you pick your own funds) is outside my experience so please excuse the naive question.

I've opened an ISA and GIA with CSD, just to obtain the Topcashback bonuses. Need to invest £500 in each so want to use the lowest risk funds I can. Usual advice is to use MMF's but I wonder if someone could be very specific about what these funds are actually called when I look at CS's list?

I've already put in a buy order for 'Blackrock ICS Sterling Liquidity Premier GBP' but now not sure what I've bought.

What should I be buying?

friolento

https://forums.moneysavingexpert.com/discussion/comment/81961167#Comment_81961167

search for 'money market', it throws up a few funds. I went for the Royal London one, as it's got one of the lowest charges, Royal London is a bit of a household name, and the historic performance looked alright.

winkowinko

Doesn't CS come with a minimum £5 a month account fee unless you invest in one of their multi asset funds?

Gambler

https://forums.moneysavingexpert.com/discussion/comment/81961185#Comment_81961185

I opted for their cautious multi asset fund. No dealing fees and no charges.

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/81961185#Comment_81961185

Be very grateful if someone could confirm or otherwise……

winkowinko

https://forums.moneysavingexpert.com/discussion/comment/81961224#Comment_81961224

Rates and charges | Charles Stanley Direct | Charles Stanley

OwnedByACat

The IG MSE offer is back

https://www.ig.com/uk/mse-campaign?irgwc=1&afsrc=1&cx_aid=29857&cx_cid=1266185&chid=12&cx_us=2rpSDD0DwxyZUUHQV2SuWy3SUkux3OyKlSqbQE0&cx_pg=1&utm_source_platform=impact&utm_source=MoneySavingExpert.com-29857&utm_campaign=15576-&utm_content=Online%20Tracking%20Link-1266185&utm_medium=Affiliate&utm_creative_format=ONLINE_TRACKING_LINK-&qpid=3249463

tg99

https://forums.moneysavingexpert.com/discussion/comment/81961224#Comment_81961224

I put £500 into a money market mutual fund for the TCB offer in early-mid Feb and platform charge of £8.50 deducted so far (think that’s until end March) so confirms the min £5pm as listed on their website. Might switch into a CS multi asset fund to avoid further platform charges rather than pay 1% a month until cashback received!

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/81961231#Comment_81961231

I did actually read that, the bit I wasn't sure about are the two clauses

All account holders receive £50 worth of trading credits every six months, in April and October. No minimum account value is required.

No platform or trading fees are charged when you buy and hold any of our Charles Stanley Multi-Asset Funds*.

Those "trading credits", does that mean the account is fee-free until you've racked up £50 worth? Or are those credits purely against dealing (as opposed to platform) costs?

Are any other funds other than those CS Multi-Asset ones going to attract the £5/mth fee?

tg99

Sold ERNS in my etoro account today following the passing of the minimum 90 days term for the £500 cashback offer. Was expecting not to be able to withdraw until Wednesday based on standard T+2 settlement but actually showed the amount as available for withdrawal straight after order filled and so already successfully withdrawn and arrived in my bank account. Is that normal for how etoro works regarding settlement and withdrawals?