The Cashback for Bank or Investment Accounts Discussion Thread

tg99

https://forums.moneysavingexpert.com/discussion/comment/81961322#Comment_81961322

My buy trade to open the money market fund had no dealing fee due to the credits but platform fee isn’t covered by the credits.

Altior

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

Yes £60 annual so £5 pcm. I'm going to leave my accidental £500 in the ISA so the yield from the MM fund should go some way to offsetting the platform fee. I would still do it for £150 cb on a £500 input. My personal preference is to separate out bonus hunting from investing risk where possible.

masonic

https://forums.moneysavingexpert.com/discussion/comment/81961329#Comment_81961329

It was the case for the free share, I couldn't comment about investments I bought because I didn't. I guess they must pre-fund withdrawals, which is good of them.

winkowinko

For those who have already done it, does the CS ISA track as £150 or £200?

TCB is a little confusing, as it shows 2 different amounts.

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/81961329#Comment_81961329

My (very brief) experience of trading on eToro worked exactly like that.

Gambler

https://forums.moneysavingexpert.com/discussion/comment/81961358#Comment_81961358

£200 is for SIPP. Everything else £150

Altior

CSD

A quick note about the platform fees - Charges are taken every six months at the beginning of April and October for the previous six months. Our charges are based on the value of your holdings at the end of each month.

Obviously we've just missed the beginning of April. Would be handy enough for the cashback to be weighed in by the end of Sept! Though, this likely relates to the six month caveat in the terms, so they can ensure one round of fees is taken. Which is fair enough.

Nebulous2

https://forums.moneysavingexpert.com/discussion/comment/81961402#Comment_81961402

If you leave at a point before the fees are due, you still have to pay them, they simply apportion it.

Altior

https://forums.moneysavingexpert.com/discussion/comment/81961433#Comment_81961433

I don't think there's anything they would do if I emptied the accounts and then closed the GIA, for immaterial platform fees. I've never used CSD but never had a platform chase retrospective fees, and I've used a lot of platforms! However, I feel that the cashback tie in is related to the fee structure, and the cashback will almost certainly land after this current half's fees are levied, so it won't matter. And I don't mind paying the fees, it would just be optimal not to need to :)

artyboy

https://forums.moneysavingexpert.com/discussion/comment/81961372#Comment_81961372

Theoretically, at least…