To coincide with the height of strawberry season and the onset on 1 July of the increased Individual Savings Account (ISA) limits announced in the Chancellor’s Budget, new online direct-to-consumer platform Strawberry Invest has announced it is offering £50 to all savers opening an ISA during July.
Anyone opening an ISA between 1st July 2014 and 14th July 2014 with the minimum £1,000 will qualify for a payment of £50. Regular savers who open an account during the offer period will also qualify, once they have made contributions totalling £1,000. For example, if you set up a regular contribution of £250 per month to your ISA Account in July, you would be eligible to receive a £50 credit in October.
Strawberry Invest allows investors unlimited free Unit Trust and OEIC trading from a wide range of over 1,500 ‘clean’ share class funds. For ETFs, Investment Trusts and share dealing, investors will be charged £12.50 per trade. Investments can be held within a general investment account (GIA), Stocks & Shares ISA (ISA) and a self-invested personal pension (SIPP). An account can be opened with a lump sum of £1,000 or regular contributions of £100 monthly for the first year. Subsequent contributions must be a minimum of £100.
James Priday, managing director, Strawberry Invest, says: “There has been plenty of coverage resulting from the raised ISA limit of £15,000 announced by the Chancellor in the Budget and we want to encourage a new, younger breed of investors to start saving via an ISA. Strawberry is all about helping people put away more money for the future and hope that this promotion will help people make the most of the more generous limits available.”
To learn more about the benefits of opening an account with Strawberry Invest, it has launched a new video on its website, which can be found here: