The Cashback for Bank or Investment Accounts Discussion Thread

winkowinko

Didn't want to mention in the 'no chat' thread, but the IG offer for new accounts is actually upto £200, not the £100 stated. The current offer, until the 31 Dec is 10% of upto £2000.

IG hikes cashback for new customers to 10%: Is it worth signing up? | This is Money

artyboy

winkowinko said:

Didn't want to mention in the 'no chat' thread, but the IG offer for new accounts is actually upto £200, not the £100 stated. The current offer, until the 31 Dec is 10% of upto £2000.

IG hikes cashback for new customers to 10%: Is it worth signing up? | This is Money

I'm deliberately avoiding that as I want the larger £1000 from transferring in £100k of investments. IG is very clear you don't get both, and if you've done anything to trigger the £200 capped offer, then that's all you get

artyboy

refluxer said:

artyboy said:

Well they just closed my fixed isa, presumably because although the law allows multiple cash ISAs in the same year, Santander does not (at a wild guess... legacy system constraints...?). So my cashback appeal isn't going to get very far with that one.

Maybe once the Instant ISA cashback is payable, I'll close that and have another go with the fixed one...

Reopened a new edge saver, nothing tracked (no surprise) but at least I have the OLA number this time!

Did you fund the instant ISA with a small deposit ? You can open more than one cash ISA with Santander but they only accept new subscriptions into one in any one tax year so if you open two, you'd need to fund one of them with a transfer.

If you pay new subscriptions into one and then close it, I'm not sure what would happen if you tried to open another for further subscriptions.

Yes, £500 in each as it was the stated minimum, and I didn't want them being closed before cashback became payable. And yes it was new money. I guess I could give the fixed one another go, if I can do a partial transfer out of my HL S&S ISA, although for £25, it would have to be on a day when I really don't have anything better to do!

winkowinko

artyboy said:

winkowinko said:

Didn't want to mention in the 'no chat' thread, but the IG offer for new accounts is actually upto £200, not the £100 stated. The current offer, until the 31 Dec is 10% of upto £2000.

IG hikes cashback for new customers to 10%: Is it worth signing up? | This is Money

I'm deliberately avoiding that as I want the larger £1000 from transferring in £100k of investments. IG is very clear you don't get both, and if you've done anything to trigger the £200 capped offer, then that's all you get

Fair enough, but you could probably get your £1000 cashback from a different provider AND get £200 from IG for a £2k investment.

artyboy

winkowinko said:

artyboy said:

winkowinko said:

Didn't want to mention in the 'no chat' thread, but the IG offer for new accounts is actually upto £200, not the £100 stated. The current offer, until the 31 Dec is 10% of upto £2000.

IG hikes cashback for new customers to 10%: Is it worth signing up? | This is Money

I'm deliberately avoiding that as I want the larger £1000 from transferring in £100k of investments. IG is very clear you don't get both, and if you've done anything to trigger the £200 capped offer, then that's all you get

Fair enough, but you could probably get your £1000 cashback from a different provider AND get £200 from IG for a £2k investment.

Ummmm... this isn't my first rodeo, really it isn't. The last 2 years have been very good to me for pension cashback, and I have got another £3500 pending from 3 different offers. So when a new offer comes along, I tend to take it!

I suppose this might be considered the pension specific incentives chat thread:

https://forums.moneysavingexpert.com/discussion/6426220/pension-switching-incentives#latest

tg99

Regarding free shares received from Freetrade or Trading 212 for their referral offers, does anyone know if the gain when you sell them that is liable to CGT is calculated using a base cost of zero (since the share was free) or using a base cost of the value of the share at the time it was awarded? I did ask the question a couple of years ago on the forum when a response suggested the base cost to be used should be zero but wondering if any different views / evidence to the contrary since, particularly as I’m sure I read a discussion on here a few months back where it was suggested that the value on date of award should be used. 

wmb194

tg99 said:

Regarding free shares received from Freetrade or Trading 212 for their referral offers, does anyone know if the gain when you sell them that is liable to CGT is calculated using a base cost of zero (since the share was free) or using a base cost of the value of the share at the time it was awarded? I did ask the question a couple of years ago on the forum when a response suggested the base cost to be used should be zero but wondering if any different views / evidence to the contrary since, particularly as I’m sure I read a discussion on here a few months back where it was suggested that the value on date of award should be used. 

Think of it as two transactions. E.g., you receive £100 cashback (tax free) for opening an account and then you buy £100 worth of shares with that cashback. So £100 is the base cost.

pecunianonolet

Santander 

I had to close by Edge Saver and Easy Access saver first before I could reapply via TCB. Done the Easy Access Saver first and can see minimum funding requirenment is only £1 and can't see anything about the Edge Saver. 

Have applied now for the Easy Saver. Should I wait until it has tracked before I go for the Edge Saver not to confuse the TCB system or does it not matter as long as I have the OLA number?

Unfortunately, missed the Amazon voucher as Santander took their time to close my accounts before I could reapply. 

Nick_C

Does anyone have any experience of how many accounts you can get cashback on with Santander?  So far, I've just opened one with Santander and one with Cahoot.  I dont want to be seen to be abusing the system, but equally don't want to miss out! 

artyboy

Nick_C said:

Does anyone have any experience of how many accounts you can get cashback on with Santander?  So far, I've just opened one with Santander and one with Cahoot.  I dont want to be seen to be abusing the system, but equally don't want to miss out! 

So far for me:

Cahoot simple saver - Confirmed
Cahoot sunny day saver - Claimed
Santander everyday current account - Confirmed
Santander easy access saver - Pending
Santander limited access saver - Pending
Santander fixed term saver - Pending
Santander easy access ISA - Pending
Santander edge saver - not tracked (claim made)

Plus they closed my Santander fixed ISA as they can't cope with you having more than one.

As someone that was burned in the past from overdoing the current account switches (am now persona non grata with LBG), I'm not intending to open any more current accounts but as far as I can see, there's no harm in filling yer boots with the savings accounts that earn cashback...