Robo-investment cashback deals

MSE Update Wed 15 Aug 2.25pm: This Wealthsimple deal has proved really popular with MoneySavers and all 500 £100 bonuses have now gone. We've left the details here for reference - if you open and fund a new account now, you WON’T be eligible for any bonus.

The first 500 people who opened a Wealthsimple account for the first time via our Wealthsimple link and invested a minimum of £1,000 could get £100 cashback.

The £1,000 could be deposited into any type of Wealthsimple investment account, or cumulatively across different accounts - for example, you could put £500 in a stocks & shares ISA and £500 in a Junior ISA on behalf of a child.

The bonus payment will be added to your account between 15-29 Nov 2018, though you'll need to keep the initial £1,000 investment in your account until 1 Aug 2019 (or the bonus will be deducted from your withdrawal amount). After that you're free to withdraw the money, though remember it's usually better to invest for the long term.

Its charges, which are detailed below, are cheaper elsewhere, but it’s the cashback that made it a top pick, and as a result gives you a 9% boost on a £1,000 investment.

Key stats

• Annual platform charge: 0.7% (£0-£100k), 0.5% (£100k+)
• Annual transaction costs: £0
• Annual fund manager charges: 0.18%
• Min ISA deposit: £1
• Transfer-out fee: N/A
• Deal ends: 1 Nov 2018 (or sooner if all 500 bonuses are snapped up)