UK investment giant Hargreaves Lansdown are trying to entice new and existing customers to their cash ISA with a £100 cashback offer. Users who deposit £10,000 into their Limited Access Cash ISA will receive the £100.
The Limited Access Cash ISA account pays 3% interest, so for users who deposit £10,000 this will make an effective rate of 4%. As the name suggests, the account gives limited access to the funds, with a maximum of 6 withdrawals over 1 year without a cost. The Limited Access Cash ISA is available via Hargreaves Lansdown Active Savings platform. The underlying holder of the funds is Coventry Building Society.
The offer is available to existing Hargreaves Lansdown users who have an investment or Active Savings account. However, those currently without a Hargreaves Lansdown account can set one up and still access the offer. Users must deposit at least £10,000 to receive the £100, and maintain a minimum balance of £10,000 for the entire year.
This deal puts Hargreaves Lansdown right at the top of the highest cash ISA interest rates, so savers should act fast to set up their account before the end of the 2022/2023 financial year.