£50 gift card when you invest £10 in a Scottish Friendly investment ISA
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£50 gift card when you invest £10 in a Scottish Friendly investment ISA

Editor 14
Editor
Found 16th Nov
Got a stocks and shares ISA? If not, maybe it’s time you got one.
You don’t need to have tons of cash to get involved in the stock market – with Scottish Friendly you can start investing from £10 a month and it will give you a £50 gift card when you start investing.

Here’s the deal:
When you take out a My Fund Select (ISA), Scottish Friendly will send you a £50 My Rewards gift card within 28 days of receiving your first payment.
You can redeem your card at numerous outlets throughout the UK including The Apple Store, John Lewis and Amazon.

Stocks and shares ISAs
Everyone can save up to £20k per year in an ISA or combination of ISAs with returns paid tax-free.
Obviously, the stock market is more risky than cash but Scottish Friendly offers a choice of three risk graded funds to choose from.
Remember the value of investments can go down as well as up, and you could get back less than you’ve paid in.
If you cash in before the end of five years Scottish Friendly will deduct £50 from your cash-in value – so it’s best to be in it for the long-term. And I guess this caveat is there to stop people investing £10, getting the £50 gift card then quitting.
£10 a month for five years is £600 so you’re actually committing £600 to get £50 – not a bad deal and if the funds in the ISA do well you can make some more money too.

Great if you dont intend opening an ISA before April. Invest £10, which has to be done by direct debit. Earliest direct debit payment is about 11 days after opening account. Make sure you sign up to manage your account online and opt for paperless communication - if you do not, no £50! As soon as you collect and have spent your £50 card (>>> Amazon?!) cancel the direct debit via your bank account. 400% profit.

You will be temptingly offered a refer-a-friend bonus of 2x£25 vouchers. Don't bother. The code emailed does not stack on your wife's (etc) application, so applicant ends up with two £25 vouchers instead of a £50 one

If you're bothered about your £10 languishing in an ISA black hole, opt for the high-risk fund when prompted to choose your risk level. You never know, in ten years it might then be worth £10K! Or at least over £50, which would make withdrawal worth your while...

If you're worried about risking your £10, don't be - if you do not get the £50 card, complain about breach of their T&C and their promise and mention their regulator. They will pay up
14 Comments

Great if you dont intend opening an ISA before April.

Invest £10. Abandon it and collect £50. 400% profit.

If, by some some amazing fluke your card arrives within 30 days of account opening, cancel ISA and get your £10 back as well, per t&c.

Am I missing where this offer is mentioned?

Quidco are offering £100 cashback so might be a better option for some people.

Quidco cash back is gamble and takes much more time to realise (more than 2-3 months)

Be aware they charge you £50 to withdraw your cash, so I got £50 quidco for opening which took 6 months to come through and was then charged £50 to withdraw so didn’t make anything...

Is it a one off £10 investment or do you have to setup a £10 direct debit for several months?

I think thats how the quidco one works, you have to have the direct debit going for a few months before getting the £100 cashback, by which time your original cash is locked up for 5 years.

"£10 a month for five years is £600 so you’re actually committing £600 to get £50 – not a bad deal and if the funds in the ISA do well you can make some more money too."


You make it sound guaranteed here but if the fund doesn't do well you could end up losing money, even if you break even the £50 over 5 years on a £600 investment is not great and if it performs very badly you will lose that £50 as you withdraw before the term is up, sorry but this is cold.

maddogb2 h, 57 m ago

"£10 a month for five years is £600 so you’re actually committing £600 to …"£10 a month for five years is £600 so you’re actually committing £600 to get £50 – not a bad deal and if the funds in the ISA do well you can make some more money too."You make it sound guaranteed here but if the fund doesn't do well you could end up losing money, even if you break even the £50 over 5 years on a £600 investment is not great and if it performs very badly you will lose that £50 as you withdraw before the term is up, sorry but this is cold.



Exactly, this deal is only good for quick guaranteed 400% profit by paying in £10 and and cancelling the direct debit immediately your gift card is used. Might be worth opting to put your £10 in a high risk fund and after say ten years it might be worth £1k!

RogerN4 h, 0 m ago

Exactly, this deal is only good for quick guaranteed 400% profit by paying …Exactly, this deal is only good for quick guaranteed 400% profit by paying in £10 and and cancelling the direct debit immediately your gift card is used. Might be worth opting to put your £10 in a high risk fund and after say ten years it might be worth £1k!



i got the impression from the Op that the £50 charge would apply not sure if they hold the voucher back until after the allowed cancellation point?

maddogb23 m ago

i got the impression from the Op that the £50 charge would apply not sure …i got the impression from the Op that the £50 charge would apply not sure if they hold the voucher back until after the allowed cancellation point?



Nope. I have gone thru T&C and their offer carefully. They state you get the card within 28 days of first payment. If you want to reclaim your £10 stake (for want of a better word), you have to wait five years, after which period they will not deduct their £50 charge from whatever you have left in the account.

RogerN44 m ago

Nope. I have gone thru T&C and their offer carefully. They state you get …Nope. I have gone thru T&C and their offer carefully. They state you get the card within 28 days of first payment. If you want to reclaim your £10 stake (for want of a better word), you have to wait five years, after which period they will not deduct their £50 charge from whatever you have left in the account.



bit close on timing for the second payment

and of course you will lose the eligibility for an S&Ss ISA for that 5 year period...

maddogb15 h, 35 m ago

bit close on timing for the second payment and of course you will lose …bit close on timing for the second payment and of course you will lose the eligibility for an S&Ss ISA for that 5 year period...


Nothing to stop ou cancelling DD after first payment; T&C says you are entitled to £50 after just one, and also say you can stop and start payments as you wish. And ISA's run April to April, if you wanted to, you can open another with this firm at beginning of next financial year. Five years just refers to how long to wait until you get your stake out again

RogerN35 m ago

Nothing to stop ou cancelling DD after first payment; T&C says you are …Nothing to stop ou cancelling DD after first payment; T&C says you are entitled to £50 after just one, and also say you can stop and start payments as you wish. And ISA's run April to April, if you wanted to, you can open another with this firm at beginning of next financial year. Five years just refers to how long to wait until you get your stake out again



thought the isa rules were only one of each type per person?

One ISA per person - EACH FINANCIAL YEAR!
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