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Avios/Hotel Points via a Cash ISA / Savings Account
Mr_Jones
Posts: 23 Forumite
Can anyone recommend an account where I can deposit possibly £1000 per month and receive some Air Miles or some Hotel Points ? Not interested in a Stocks and Shares ISA
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Comments
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The margins on cash savings accounts (or at least ones that pay a decent rate of interest) aren't good enough to justify the sort of freebies you are after.But that's why the likes of Nutmeg can bung you a load of Avios every so often for moving money over to their pension or S&S ISAs. You are really the one paying for it in the long run...1
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I also saw the Nutmeg offer... I chose the lowest level of risk for the S and S account, and so I have a product that is very similar to a cash savings account.0
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...except you don't get charged management fees for a cash savings account.Voyager2002 said:I also saw the Nutmeg offer... I chose the lowest level of risk for the S and S account, and so I have a product that is very similar to a cash savings account.
If you do a quick in-and-out with Nutmeg, just keeping to their minimum hold period, then you can make a bit of a return on those Avios, but in the longer term, those fees will outweigh the benefits many times over...2 -
I was looking into the Nutmeg / Avios offer yesterday and I read on their website that investing in the cash type fund option does not qualify for the offer…Voyager2002 said:I also saw the Nutmeg offer... I chose the lowest level of risk for the S and S account, and so I have a product that is very similar to a cash savings account."If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett
Save £12k in 2025 - #024 £1,450 / £15,000 (9%)1 -
george4064 said:
I was looking into the Nutmeg / Avios offer yesterday and I read on their website that investing in the cash type fund option does not qualify for the offer…Voyager2002 said:I also saw the Nutmeg offer... I chose the lowest level of risk for the S and S account, and so I have a product that is very similar to a cash savings account.
That is correct. What I did was invest in the stocks account, but chose the very lowest risk level. I intend to hold it for just a year, and over this period my return (net of management fees) will be very similar to that on a cash savings account.
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