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Fidelity has launched a cashback deal paying investors between £300 and £3,000 depending on the amount deposited before 5 April 2026.
The deal isn’t restricted to a particular type of account, with Fidelity* paying cashback on investments made into both Isas and self-invested personal pensions (Sipps).
Fidelity calculates your cashback on both lump sums added and transfers applied for during the offer period, so there’s good flexibility on the type of deposits that qualify.
One hefty caveat is that you do need to invest or transfer at least £50,000 to qualify for cashback, which will net you the minimum £300. To get the maximum £3,000, you’d need to move a cool million.
The end of the tax year is less than three months away, and savers and investors may be starting to ponder how best to maximise their tax allowances. Stashing as much as possible into an Isa is usually your first port of call.
Many platforms attempt to lure customers away from rivals with enticing deals during this period, with Fidelity’s offer being a particularly early example of this.
> Open an account with Fidelity and get your cashback*
Cashback season is ramping up ahead of the end of the tax year
How much cash will you qualify for?
The amount of cash you could receive steps up depending on the total amount you can invest or transfer.
You’ll get the cashback within 90 days after 5 April 2026. Make sure you read all the terms and conditions of the deal before going ahead.
| Amount invested | Cashback amount |
|---|---|
| £50,000 – £74,999 | £300 |
| £75,000 – £99,999 | £600 |
| £100,000 – £249,999 | £1,000 |
| £250,000 – £499,999 | £1,500 |
| £500,000 – £749,999 | £1,800 |
| £750,000 – £999,999 | £2,000 |
| £1 million+ | £3,000 |
| Source: Fidelity | |
This is Money investing platform expert Sam Bromley’s verdict: This is a potentially lucrative option for those considering a new investment platform.
With Fidelity launching this deal early, investors have plenty of time to maximise their deposits or transfers to get the top rates of cashback.
Keep in mind this is a tiered deal meaning the cashback is rather static, especially as you get into the higher brackets. For instance, someone with £200,000 will only qualify for £1,000, the same as someone with £100,000.
Cashback as a percentage of your pot can sometimes work out better for this reason. IG* is currently running a deal that pays 1 per cent of your investments up to £2,000, which is worth considering. To get the maximum, you’d need to move £200,000.
Freetrade* has gone one better, paying 1 per cent on transfers, with up to £10,000 available – up to £5,000 from an Isa and £5,000 from a Sipp – but you need to move a huge £500,000 into both of those to get £10,000.
Cashback shouldn’t be the only reason to choose a platform. You should think hard about your needs, researching the fees you’ll pay and the choice of investments available.
For example, if you’re an active trader and a platform charges high dealing fees, any cashback you receive could get wiped out fast.
That being said, Fidelity is a well-established investing platform, counting among its competition the likes of Hargreaves Lansdown, Interactive Investor and AJ Bell.
Fidelity charges account fees of 0.35 per cent on investments between £25,000 and £250,000 and there are no charges for dealing funds.
But if you’re going to trade shares, ETFs and investment trusts, it costs £7.50 a pop.
> Learn more about signing up for an account at Fidelity and getting cashback*
Read our full review of the best investment platforms for more on the top accounts to consider.
You can also read our specific guides to the best stocks and shares Isas and the best Sipps for more.
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