The Cashback for Bank or Investment Accounts Discussion Thread

lon_don

Is there any SIPP provider (excluding AJ Bell) where I can open a new SIPP, which accepts direct employer contribution and offers cashback on such contribution (so not personal contribution, not transfer in) ?

friolento

Fidelity, ii, HL, Aviva….

lon_don

https://forums.moneysavingexpert.com/discussion/comment/81968023#Comment_81968023

I suspect none of these big guys pays cashback on employer contributions (on a newly opened SIPP). T&Cs don't explicitly exclude employer contribution from the scope of cashback, but according to many AI, "[cashback is paid after] qualifying actions only as (a) transfers from another provider and (b) lump‑sum deposits, with no reference to employer contributions, which strongly implies employer payments are outside the scope of the incentive". So I am just looking for someone who might have had actual experience of having received cashback solely based on employer direct contribution, if such a SIPP provider exists.

andyhicks88

Has anyone tried opening all the different Scottish Friendly ISA's thorugh TCB? Does that work? Or it does it only let you invest in and pay out for 1? Cus seeing as there's like 4 different options and they are all paying £300 plus each for the amounts I could put in….

Rich2808

https://forums.moneysavingexpert.com/discussion/comment/81971622#Comment_81971622

I am curious about that too.

Does it apply to just the first ISA - or not. My first tracked - my second didn't. I have raised a ticket with TCB - but I don't know if it was a tracking issue or due to ineligibility as I had already had tracked cashback with another SF ISA. The cashback terms don't rule it out - but in the end it is up to SF.

andyhicks88

https://forums.moneysavingexpert.com/discussion/comment/81971767#Comment_81971767

Ah if it didn't track then maybe not. I think there was a similar report about someone trying the GIA AND ISA options for CSD and only one of them tracking, so I guess it's a theme. Though all the Santander and Cahoot ones track and payout normally.

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/81971849#Comment_81971849

Depends what you mean by tracking. I've opened both those CSD accounts, TCB shows two entries, both at status "Pending", one is showing a cashback amount of £150, the other zero.

Does that mean they have both tracked?

snookerloopy96

Hello, little bit of advice needed please.

I have been into my local HSBC branch today and have begun the process of transferring my existing YBS ISA (which matures 30th April) to HSBC at the 4.50% rate.

My question is IF I don't get any notifications off either YBS or HSBC how long should I wait to double check/confirm?

I assumed the HSBC staff member would print some sort of confirmation out for me but this didn't happen. I asked about this and am hoping for an e-mail confirmation.

As the HSBC cashback offer ends 11th May I don't want to leave it too long.

Thanks in advance.

allegro120

https://forums.moneysavingexpert.com/discussion/comment/81971914#Comment_81971914

Providing HSBC knows the maturity date and you asked them to initiate the transfer at maturity you shouldn't expect any confirmations of transfer until 5th May.

snookerloopy96

https://forums.moneysavingexpert.com/discussion/comment/81972334#Comment_81972334

Thankyou. It was more just a confirmation that I'd begun the process tbh but I've done everything by the book.