Shepherds Friendly Stocks and Shares ISA Cashback £100 - £250 available for very little outlay & effort
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Shepherds Friendly Stocks and Shares ISA Cashback £100 - £250 available for very little outlay & effort

315
Found 21st Mar 2016
This post is a bit of a spin off from karlie88's excellent bank switching thread - hotukdeals.com/dea…867

Open a Shepherds Friendly Stocks and Shares ISA and deposit as little as £30 a month for 3 months to gain a whopping £100 cashback in TopCashback or Quidco.

Once you've received the £100 cashback you can withdraw your money from Shepherds Friendly, although you may wish to keep it there as an investment.

The cashback rates seem to change fairly frequently, they are currently:

Deposit £30 a month for 3 months = £100 cashback
Deposit £100 a month for 3 months = £160 cashback
Deposit £500 a month for 3 months = £220 cashback
Deposit £900 a month for 3 months = £250 cashback

Note: Rates fluctuate from time to time, as of 28/03 Quidco has higher rates.

As you can see the higher monthly amounts are unattractive. Personally I did £100 a month for 3 months to get £160 cashback, but you can earn a generous £100 for depositing just £30 a month for 3 months.

Remember - you're getting your money back afterwards anyway so by depositing 3 x £30 and receiving £100 profit, you are more than doubling your money!

A note on risk: Being a stocks and shares ISA, it is possible that you will not get your entire investment back. However I opened my account in December 2015, and the FTSE 100 had crashed 10% during the 3-4 months I had the account open. However when I closed the account after receiving my TopCashback I still made around £1.50 profit! In my view, the risk is extremely low that you will lose much or any of your investment, and if you stick at the £30/month level, even if you lost your entire £90 which is VERY unlikely, you are still getting £100 cashback!

It is possible you may need to make 4 monthly payments before receiving your cashback if the payout is slow so bear this in mind and make sure you have enough money in your bank account that the payments are coming from.

The monthly payments are made by Direct Debit that you setup when creating the account. If you're switching bank accounts to earn even more cashback and need at least 2 Direct Debits setup on your account, this could be a great one to have

Where this is a savings account and not a regular bank account, it doesn't touch your credit file so will not affect your credit rating in the slightest.

Full information about the account: shepherdsfriendly.co.uk/pla…isa

Note: You must apply for the ISA through TopCashback or Quidco, not directly through the Shepherds Friendly website or you won't get the cashback:-
topcashback.co.uk/she…sa/
quidco.com/she…sa/

Kudos to "paypeanuts" for the original suggestion in karlie88's bank switching thread!
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315 Comments
The minimum initial lump-sum invested is £500
Edited by: "SkyeVincent" 21st Mar 2016
So how many months is it until you're cashback becomes payable ? Thanks
rdbradshaw

So how many months is it until you're cashback becomes payable ? Thanks


120 days
SkyeVincent

120 days


Cheers for that
worth also pointing out that you are subscribing to a stocks and shares isa for the tax year in question and if not wanting to stick with it, rather than simply withdrawing your money you should use the transfer in process to a cash isa so as not to affect your subscription for that tax year
SkyeVincent

The minimum initial lump-sum invested is £500



That's if you choose to invest a lump sum which has a different cashback amount. You can start the account with £0 and setup a £30 monthly payment.
Gone for the £30 for 3/4months investment - get cashback withdraw and go.
rdbradshaw

So how many months is it until you're cashback becomes payable ? Thanks



Supposed to be 3 months but mine was a few days after the 4th monthly payment.

Very simple to close the account, just phone up when you've got your cashback and it gets deposited into your bank account.
I invest a bit however the returns dont make sense
Even if the markets crashed it shouldnt have wiped more than 50pc of your holding
edwardsi

I invest a bit however the returns dont make senseEven if the markets … I invest a bit however the returns dont make senseEven if the markets crashed it shouldnt have wiped more than 50pc of your holding



This type of account has an extremely low risk strategy anyway. Even with a 10% crash during my 3-4 months invested I still made a profit on my invested amount AND the cashback on top!
Hot. Done.
Never heard of shepherds family bank. Are they new? Legit? Protected?

Also, do you enter your personal details on topcashbacks site or on the banks page?

I'd be a bit worried about ID fraud or just giving too much info for marketing purposes. Gonna pass.
Edited by: "shak" 22nd Mar 2016
Ok - Going To Have A Crack At This - Heat Added - Thanks
3% charge on opening, 1.5% annual charge, return is 'smoothed' and you are therefore getting 3% on your money, but note that all the investments go into their 'with profits' fund. This will have more charges of its own. So your money is being cheese-pared away - and is at risk from stock market movements. Take care!
Is the 3% charge on the whole investment or just on any potential increases? Where are the details of charges on the website? Thanks!
Can you open more than one ?
norbie

That's if you choose to invest a lump sum which has a different cashback … That's if you choose to invest a lump sum which has a different cashback amount. You can start the account with £0 and setup a £30 monthly payment.



Most providers will be offering Flexible ISAs from 6 April; you'll be able to withdraw and credit repeatedly without it affecting your subscription, as long as you don't breach the £20,000 limit. Unsure whether this company is one of them though.
anishmathw

Can you open more than one ?



You're only allowed to subscribe to one Investment ISA in a tax year, but you can transfer between providers.
Nice one, thanks
DavidL

3% charge on opening, 1.5% annual charge, return is 'smoothed' and you … 3% charge on opening, 1.5% annual charge, return is 'smoothed' and you are therefore getting 3% on your money, but note that all the investments go into their 'with profits' fund. This will have more charges of its own. So your money is being cheese-pared away - and is at risk from stock market movements. Take care!



I was unsure of the charges when opening but I still made a profit despite a 10% stock market crash. I had deposited 4 X £100 (for the slightly higher cashback option) and was returned around £401.50. There are no silly fees or penalties for closing your account.
anishmathw

Can you open more than one ?



Not sure but you can only get the cashback once.
Correct me if I am wrong, but if you open one now and pay for 4 months and then cancel, then you will be digging into this years and next years ISA allowance. This needs some thinking about.
great find
A nice easy £105 - thanks OP!
Hot, but remember not to do this if you're intending to set up a Help to Buy ISA in 2016/17.
Worth a punt... might even leave £30 in there, just to see how it does, rainy day savings
nyckt

Correct me if I am wrong, but if you open one now and pay for 4 months … Correct me if I am wrong, but if you open one now and pay for 4 months and then cancel, then you will be digging into this years and next years ISA allowance. This needs some thinking about.



Yes, but you can either a) transfer out this ISA to another Investment or Cash ISA b) if this is one of the new Flexible ISAs which are coming in on 6 April, you'll be able to withdraw the cash and add it to a Cash ISA without it affecting your allowance.
Very tempted. hot from me
why is the quince rate lower than toipcashback. They take a £5 fee from me too - so surely they should give the best rates.. grrrr

Good find!
WillPS

Hot, but remember not to do this if you're intending to set up a Help to … Hot, but remember not to do this if you're intending to set up a Help to Buy ISA in 2016/17.



Bit confused on this one. I opened a HTB this financial year, can I open this now? In the new tax year?
What if TCB doesn't track?
sparkeeh

Bit confused on this one. I opened a HTB this financial year, can I open … Bit confused on this one. I opened a HTB this financial year, can I open this now? In the new tax year?


You can only pay in to one ISA in one financial year. If you stop paying in to your H2B ISA after this month, you can open one of these next month - but you wont be able to pay in to your H2B ISA again until April 2017.
Personally, I've been ripped off by Topcashback too many times on big payouts (mainly insurance) so only use them for small stuff now, Quidco seem much more realible at paying out in my experience
Edited by: "M1ke_Hunt" 22nd Mar 2016
user84

why is the quince rate lower than toipcashback. They take a £5 fee from … why is the quince rate lower than toipcashback. They take a £5 fee from me too - so surely they should give the best rates.. grrrrGood find!



Just put in a higher cashback claim with Quidco.
Kindsaver

What if TCB doesn't track?



You can put a claim in with TCB, they've always paid out for me. Worst case scenario if for some reason they dont pay out, you just take your cash out. You haven't lost anything.
Hi All, apologies for being really slow. I have been looking for a low level investment and this sounds great. My qtn is this, I have 2 ISA accounts which I opened about 2 years ago with lump sums and I have not paid anything into them since. Would I be able to open this account for this tax year and open another isa account in April as I have not made any deposits this financial year? Thanks.
WillPS

You can only pay in to one ISA in one financial year. If you stop paying … You can only pay in to one ISA in one financial year. If you stop paying in to your H2B ISA after this month, you can open one of these next month - but you wont be able to pay in to your H2B ISA again until April 2017.


but Gov website says "You are able to continue to save money into a stocks and shares ISA, even if you open a Help to Buy: ISA." (Source)
Edited by: "sparkeeh" 22nd Mar 2016
Quick question. I opened a Help To Buy ISA this year, putting £200 in each month.

Could I open one of these this tax year, or next tax year?
sparkeeh

but Gov website says "You are able to continue to save money into a … but Gov website says "You are able to continue to save money into a stocks and shares ISA, even if you open a Help to Buy: ISA." (Source: https://www.helptobuy.gov.uk/help-to-buy-isa/faq/)



"page not found"...
Can anybody confirm that this has no impact on your Experian credit score?
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