Online stockbroker and fund supermarket Interactive Investor (www.iii.co.uk) has extended its £100 cashback on all ISA transfers onto its platform until the end of January. Interactive Investor has seen a steep rise in the number of ISA transfers onto its trading platform during December following the success of this promotion. The cashback offer also applies to all fund and share trading account transfers.

Rebecca O’Keeffe, head of investment at Interactive Investor, said:
“The New Year is a time when people traditionally review their finances. Investors are increasingly conscious of getting the best deal for their money. And we believe that the competitive rates we charge our investors with no ISA, management or admin fees, 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 £100 cash based on 0.5% of the value of the transfer per account transferred. 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/