Online stockbroker and fund supermarket Interactive Investor (www.iii.co.uk) is now offering up to £100 cashback on all ISA transfers onto its platform until the end of September 2010.

Rebecca O’Keeffe, head of investment at Interactive Investor, said:
“ISA investment levels have reached new highs this year but it is important that investors ensure their money is working hard. Investors are becoming increasingly savvy about getting the best deal on their investments. At the moment too many people are paying too much for their ISA. With Interactive Investor you pay no ISA administration fee and no inactivity fee if you don’t trade in a particular month.

“More investors than ever are looking to the flexibility that a self-select ISA offers, combined with the potential for better returns compared to those currently on offer via cash ISAs, some of which are paying as little as 0.1% interest.

“And transferring your ISAs couldn’t be easier. You just give us the details and we will contact the other providers and handle all the paperwork. You can then manage all your investments from one place, get up-to-the-minute valuations of all your investments, and switch into new sectors and shares or funds whenever you choose.

“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 user’s account when a transfer has been completed. Users are eligible for up to £100 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 £100 cashback for a £20,000 transfer.

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

Key facts about the services Interactive Investor offers its ISA and fund users:
• No ISA fees, management fees or any other administration fees
• Free regular share trading service until 30 June 2010
• Full trading platform for investing and trading shares, ISAs, self select ISAs and SIPPs - ability to hold UK, EU, and US stocks, funds, ETFs, Investment Trusts and cash within a self-select ISA or SIPP
• Over 1,700 funds available to choose from – the funds account for around 95% of the money invested in funds in the UK
• A range of tools for the novice and more sophisticated investor to select the right ISA for them
• Fund and stock filters that allows investors to search by fund provider, sector, performance, and risk rating