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The savings and investing platform Prosper will give you £100 cashback when you open an account and fund it with £10,000.
Prosper offers both cash savings products and investing accounts, such as a stocks and shares Isa and self-invested personal pension (Sipp).
It doesn’t matter which type of account you open, with both cash and investment accounts eligible for the cashback.
Prosper is a newer savings and investment platform, founded in 2021 with the aim of helping regular investors to invest cost-consciously.
It stands out for the fact that it refunds fees on around 30 index funds. This makes zero-cost investing possible on the platform, because it doesn’t charge account fees either.
As a savings platform, Prosper can also boost your earnings, because it offers bonus rates on certain savings accounts.
> Open a Prosper account and get £100 cashback*
A stocks and shares Isa is one of the accounts you can open with Prosper to get cashback
How does the Prosper deal stack up?
There’s an array of cashback deals currently available from investing platforms.
If you’re looking for a new investment platform, getting cashback is a good opportunity to give your portfolio a boost at the same time as opening an account.
Prosper* is particularly worth considering, because of its low and potentially zero-cost investing, plus boosted interest rates on some savings accounts. For example, Prosper is currently offering a boosted 4.5 per cent rate on a three-month fixed-rate account from Santander.
To be eligible for the Prosper cashback, you need to maintain the £10,000 balance across the Prosper platform for a minimum of six months. Make sure you read all of the terms and conditions when going ahead.
Prosper is app-only. When signing up using the app, you must enter the code PROSPERCASH at the bottom of the welcome screen.
Prosper’s deal matches a Freetrade cashback deal* that will pay out £100 after you open its stocks and shares Isa and fund it with £10,000. This offer ends on 31 December.
And Hargreaves Lansdown has a £150 John Lewis voucher* on the table, which new customers can get after opening a stocks and shares Isa and funding it with £10,000. This deal closes on 10 December. Read our review of the HL deal.
Cashback shouldn’t be the only reason to open an account – make sure the provider meets all your needs and you read all the terms and conditions of the deal when going ahead.
You can find out how Prosper compares with other investing platforms by reading my Prosper review. I’ve also tested Freetrade recently – read our Freetrade review to find out how it performs.
Finally, we also have a full round-up of the best investment platforms.
> Get £100 cashback when opening an account with Prosper*
SAVE MONEY, MAKE MONEY
4.52% cash Isa
4.52% cash Isa
Trading 212: 0.67% fixed 12-month bonus
Sipp cashback
Sipp cashback
£200 when you deposit or transfer £15,000
Top Isa without bonus
Top Isa without bonus
Straightforward 4.55% cash Isa with no boost
£100 cashback
£100 cashback
5% cashback on investments, up to £100
£20 gift card
£20 gift card
Hold £1,000 after three months in Plum’s cash Isa
Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence. Terms and conditions apply on all offers.
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