Legal & General offer £100 cashback on ISA transfers

Legal & General is offering £100 cashback bonus to people transferring their existing ISA to the company during September.

With savings interest rates struggling to offer consumers enough return to prevent their savings from being eroded many will be turning to ISAs which in many cases offer the best savings rates.

Those wishing to take advantage of the cashback offer need to transfer a minimum of £10,000 and keep the money in the same fund until October 1st 2011.

The £100 cashback will then be paid into your bank account in December 2011.

Claire Evans, marketing director at Legal & General Investments, said that ISAs can be viewed as money that can be used when necessary or as a longer term investment for a big spend.

She added: "As ISA limits have increased, so too has people's realisation that over the years they can add up to a significant amount of money and therefore their importance as a savings vehicle continues to rise." 

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2010-09-15 12:55:25 © Moneyextra.com