£200 cashback ISA transfer offer from Interactive Investor

Online stockbroker and fund supermarket Interactive Investor is offering up to £200 cashback on all ISA transfers onto its platform until the end of September.

Interactive Investor has seen a steep rise in the number of ISA transfers onto its trading platform in recent months following the success of this promotion. All new or existing customers who do so are eligible for up to £200 cashback until the end of September, with no minimum transfer amount.

Rebecca O'Keeffe, head of investment at Interactive Investor, said: "These are extraordinary times for retail investors. Above all investors want a good, reliable service and if they can get this alongside low commissions and no fees then you have the ideal offering. This perhaps goes some way to explaining why we've seen a 7 fold increase in the number of trades done through our platform in the last 2 years. Through our cashback offer we've also seen significant numbers of ISA transfers, as investors recognise the value of our overall offering.

"We believe that the competitive rates we charge our investors with no ISA, management or admin fees and a flat rate £10 fee for real-time UK trading and just £1.50 for regular shares investing is why investors are joining us in increasing numbers."

The offer from Interactive Investor is paid direct into the users account when a transfer has been completed. Users are eligible for up to £200 cash based on 0.5% of the value of the transfer. This means investors will get back £25 for a £5,000 transfer or £50 for a £10,000 transfer up to £200 cashback for a £40,000 transfer.

Further details are available on the Interactive Investor ISA microsite: iii.co.uk/isas