Investment firms often give incentives like free cash to get you to give them your cash. Here are a few I’ve spotted.
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These offers are extra cash payments and freebies you can get via starting an investment. I’m only sharing these promotions as a way to get some free cash.
If you are wanting to invest for the best returns then I’d recommend you do your research and look elsewhere as these won’t necessarily have the lowest fees.
Also, if you open up a stocks and shares ISA for one of these promotions then you won’t be able to pay into another one in this financial year (it resets on 6th April). You can still open up a Cash ISA, though you’ll likely get better interest rates elsewhere.
Trading 212 – Free share worth up to £100
This promo code will give you (and me) a free share on the Trading 212 app. The value of the share is up to £100.
When I signed up my freebie was for General Electric and valued at $10.70, which converted to £7.92.
To get the free share you need to sign up by this link and then add £1 to your account within seven days. You can keep that in the account and choose to invest it (or more), or you can withdraw it.
It took about three days for the share to be added after adding the £1. You can sell your free share as soon as you get it, but it will take 30 days for you to receive the cash. Or you can keep it invested.
When you open your Trading 212 account you can open up an ISA and a general investing account. If you haven’t already got an investment ISA for this financial year, and you don’t plan to do so before 5th April, then that’s the best account for you as any gains you make will be tax free.
If you have one already then don’t open a new one, opt instead for the Invest account. In this account you’ll only pay tax on profits after selling your share if it brings you over the Capital Gains Allowance – which is £12.300 a year (so you should be fine!). Ignore the CFD account.
Scottish Friendly – discounts at retailers
Open an ISA with Scottish Friendly and you’ll get access to “Friendly Rewards” which offers discounts at cinemas, shops, restaurants and more. I use it to get 6% off each time I do the shopping at Waitrose. There’s also the chance of cashback on top.