markr
Member of DD Central
Posts: 766
Likes: 426
|
Post by markr on Sept 2, 2017 14:33:16 GMT
I've been out of Wellesley for a while now, but I got an email today offering cashback on their mini bond product. Cashback is 1 to 4% depending on amount and duration, and returns are 4-5% ish. Is anyone considering investing in this? Pros/cons?
|
|
teddy
Posts: 214
Likes: 90
|
Post by teddy on Sept 2, 2017 22:08:36 GMT
Got the email, but with no PF, cr@p rates, and a lack of spare cash sitting around, I binned it.
|
|
IFISAcava
Member of DD Central
Posts: 3,661
Likes: 2,984
|
Post by IFISAcava on Sept 3, 2017 0:02:46 GMT
I've been out of Wellesley for a while now, but I got an email today offering cashback on their mini bond product. Cashback is 1 to 4% depending on amount and duration, and returns are 4-5% ish. Is anyone considering investing in this? Pros/cons? The kufflink cashback offer is better
|
|
kaya
Member of DD Central
Posts: 1,150
Likes: 718
|
Post by kaya on Sept 3, 2017 8:42:36 GMT
I've been out of Wellesley for a while now, but I got an email today offering cashback on their mini bond product. Cashback is 1 to 4% depending on amount and duration, and returns are 4-5% ish. Is anyone considering investing in this? Pros/ cons? It might be! They are desperate for cash. Avoid. (My bold)
|
|
markr
Member of DD Central
Posts: 766
Likes: 426
|
Post by markr on Sept 4, 2017 13:23:33 GMT
Thanks for the replies, the advantage for me is I have a dormant W account so I could just transfer funds and go. I'll look into Kuflink, is the cashback for existing customers or new sign ups? I can see cashback though the various 3rd party cashback sites but there's nothing I can see on their own site.
|
|
|
Post by keyboardworrier on Sept 4, 2017 13:39:48 GMT
It's for existing customers only, but you can still get 2.5% cashback on Quidco (Make sure you clean your cookies etc before doing that to avoid the mistake I made!) or via the refer a friend feature. Currently there are only 7 loans in the Kuflink auto invest section and two of them are second legal charges and one is an equitable charge. I would have gone for it if all loans had first legal charges against the property - it would have been a better deal (With the 3% cashback) than Octopus Choice which is currently paying 4% or so.
|
|