Up to £600 reward for regular ISA investors
Regular investors in stocks and shares ISAs could be in line for a guaranteed reward of up to £600 with a special offer from NFU Mutual.
Investors can claim a cash back payment as part of a regular saver reward scheme. Anyone who makes regular monthly investments of £300 or more in a new NFU Mutual ISA or Portfolio Investment Plan (PIP) until at least 30th April 2014 will be eligible for a cash back return of one month's contribution, up to a maximum of £600.
The offer is also available to people with existing regular saving schemes with NFU Mutual and who want to increase their contributions. Existing regular ISA and PIP savers may qualify for the offer and get a similar cash back return based on the amount they have increased their monthly contributions by.
Chris Linpow, investment specialist at NFU Mutual, said: "As a mutual, we're dedicated to helping our customers make the most of their money. We want to encourage more people to adopt a prudent approach to finance and invest with a medium to long term outlook; this incentive does just that.
"Not everyone has the spare cash to invest a large lump sum all at once but many will find making smaller regular investments more affordable.
"The cash back on this offer alone should be a great reward for our members who wish to set some more money aside. In reality, investing on a regular basis is a very worthwhile habit to get into."
Assuming someone opened an NFU Mutual stocks and shares ISA in February 2012 and made regular monthly savings of £600 until 30th April 2014 then ,. regardless of whether the investment has risen or fallen in value in the intervening period, NFU Mutual will make a guaranteed payment, equal to one month's contribution, into the customer's bank account.
Accounts such as stocks and shares ISAs are well suited to medium and long-term investors. The value of stocks and shares may go down as well as up so people who are more risk averse may wish to choose a cash ISA instead.
"Because this applies at an individual level, more than one member of the family can take advantage of the offer," Linpow added. "With separate investments, any couple wishing to set something aside each month could make a combined tax-efficient investment of over £21,000 each year between them and could both get a cash back reward ."
NFU Mutual's investment products are linked to the stock market so should be viewed as medium to long-term investments - usually five to ten years or more. The value can go down as well as up so investors may not get back what they put in and, while ISAs are a tax-efficient way of saving, the value of tax benefits depends on individual circumstances and may change in the future.
The offer is available until 30th April 2012 but could be closed early if fully subscribed and is subject to terms and conditions.
For further information on this offer, visit nfumutual.co.uk.