Robo-Investment Cashback Deals

Invest in funds & get cashback

Robo-Investment Cashback Deals

Robo-funds are being heavily advertised. They're far simpler than normal investing but you're tied to a 'portfolio' of funds. We think this is somewhat restrictive. However, sometimes these robo-funds offer cashback via a special link when you invest, which'll get you a head start over other funds.

Without the cashback, they're fighting against other standard investments, and we'd always tell you to look for lower fees and a bigger choice. But as some of this cashback has been equivalent to up to a 10% head start, other products would need to do very well to beat them.

MoneySavingExpert.com's speciality is not what to invest in – we only look at these as deals, as we can't tell you what is going to be a good or bad investment. So the most important thing to understand is:

We're not saying to go for these funds – we're just saying that if you're going to go for these anyway, then make sure you get the cashback.

Five need-to-knows

If this is the first time you've considered any type of investing, it's worth reading our beginners' guide to investing to get a broader idea of what's involved.

Get £40 cashback if you invest £400 for six months

Update Tue 25 Jan: This offer launched three weeks ago, and there are currently about 1,000 deals still available.

Robo-provider Wealthify* is offering £40 cashback to the first 3,500 new customers who open a stocks & shares ISA, junior ISA, general investment account or self-invested personal pension via our link, and pay in a minimum of £400 by 5 April 2021.

  • When do I need to fund the account by? You need £400 in your account by 5 April 2021 (and be one of the first 3,500 to do it – so don't wait too long). You can either:

    - Pay in £400 in one lump sum, OR

    - Pay £300 in one go, then in further top-ups of a min £20 each – as long as the £400 is in by 5 April 2021.
  • When will I get the cashback? Once your full £400 investment is in the account, it'll need to stay there for six months for you to get the cashback. Once you hit that six-month point, you'll need to wait up to a further 30 days for the cashback to arrive.
  • When I can withdraw my funds? You can withdraw money at any time, but if you do so before the cashback comes you won't get any cashback.
  • What fees will I pay? Wealthify charges annual fees of 0.6% for managing your investments. There are also fund manager charges of about 0.16% a year for its 'original' plan and 0.56% for its 'ethical' plans. So if you were to invest the minimum £400 in an 'original' account for six months, you'd pay about £1.52 in fees (£3.04 annually). On a £400 investment after fees, the £40 cashback is equivalent to a head start of about 9.6%.

    You'll be investing in a fully managed portfolio of funds based on the level of risk you're willing to take (Wealthify will ask you a few questions to assess your risk profile).

Important. The fact we've included Wealthify in this guide doesn't mean we RECOMMEND Wealthify – we don't do investment tips. It's just if you're going to use Wealthify anyway then you can get cashback.

Annual platform fee: 0.6%
Annual fund manager charges: 0.16% (original plan), 0.56% (ethical plans)
Min deposit: Normally £1, but £400 by 5 April 2021 to get £40 cashback
Exit fee: None. If funds are withdrawn before six months, no cashback is paid

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