Bestinvest Launches Transfer Giveaway Paying Up to £1k Cashback
Bestinvest, an online platform, has announced a transfer giveaway of up to £1,000 cashback for new account transfers. Both new and existing customers are eligible for the offer, and the cashback amount received is dependent on the size of the investment accounts transferred and the duration of the investment. The promotion runs from 4 September to 30 November, lasting for just under three months.
The cashback amount increases with the size of the investment. Transferring accounts worth £1,000 qualifies for £100 cashback, while those transferring accounts worth £100,000 receive £1,000. Additionally, new account transfers of £20,000 will receive £300 cashback and transfers of £50,000 will receive £600 cashback.
There are a few requirements to qualify for the cashback. First, a minimum of £1,000 must be transferred and invested in funds and shares of the client’s choice before 30 November. The transferred money must be held in the account for a minimum of six months until May 31, 2024. The cashback offer is available for Bestinvest general investment accounts, Isa, Junior Isa, or Sipp.
To claim the cashback, clients must complete a form on Bestinvest’s website, including their account number, by 30 November. Bestinvest will calculate the final cashback amount and contact switchers to confirm the amount and how it will be applied. Cashback will be paid directly into the investment account, stocks and shares Isa, Junior Isa, Sipp, or bank account, depending on the client’s circumstances.
Oliver Plant, head of Bestinvest, hopes that the cashback offer will encourage investors to find a new home for their investments and boost lackluster portfolios. Plant suggests that investing over a long-term horizon of at least five years can help investors ride out market volatility.
For more information and to compare DIY investing platforms and stocks & shares Isas, visit thisismoney.co.uk.
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