+£260
Stocks & Shares ISA15 mins
Scottish FriendlyStocks & Shares ISA
£310 Free Cash•15 mins
£310 Free Cash
+£260What is Scottish Friendly?
Scottish Friendly is a mutual society with over 160 years of history, offering savings and investment products including Stocks and Shares ISAs.
As a mutual, they're owned by their members rather than shareholders, which means they're focused on providing value to savers.
Launched
1862
Customers
850k+
Google Play
4.7 (1k)
★★★★★★
Key Terms
Profit
+£260
Credit checkNone
Invest
£600
6 x £100 per month
Investment period6 months
Cashback£310
Cashback arrives6 months
Eligibility: Must be a new Scottish Friendly customer. Previous customers do not qualify.
Investment and Cashback Options
The bigger your monthly investment, the bigger your cashback. The sweet spot is £100 monthly investment which gives you £310.
| Monthly Investment | Cashback | Net Profit* |
|---|---|---|
£50-£74.99 | £150 | £100 |
£75-£99.99 | £180 | £130 |
£100-£249.99 (Quidsy Pick) | £310 | £260 |
£250-£499.99 | £380 | £330 |
£500-£999.99 | £450 | £400 |
£1,000+ | £500 | £450 |
*Once you complete this offer, if you close your Scottish Friendly ISA, you will pay a £50 exit fee. Therefore, we have reduced the net profit by £50. Alternatively, you could leave a minimum of £50 in your ISA and withdraw in 5 years' time to avoid the exit fee.
Step by Step Guide
Chris's overview
Optional·3 min read
This is a TopCashback investment ISA offer that pays out £310 cashback within 180 days. You'll need to keep paying your £100 monthly premium throughout this period – don't stop until the cashback lands!
This offer is very similar to the Shepherds Friendly Investment ISA – and you can do both if you wish! It's a great return on investment: you invest around £600 via monthly premiums and receive £260 net profit. That's a return of around 43% in 6 months – try getting that from a savings account!
1
Sign up to Scottish Friendly
You are here10 mins
- Use the button below to go to the Scottish Friendly offer on TopCashback
- Click through to open your Scottish Friendly account
- Select 'MoneyBuilder ISA' and choose £100 per month as your premium
- Complete identity verification and set up your Direct Debit
Keep paying your monthly investment until your cashback is paid. Missing payments may void the offer.
Keep monthly investment
Keep paying your monthly investment until your cashback is paid. Missing payments may void the offer.
2
Receive £310 cashback180d
5 mins
The £310 cashback is made available to withdraw within 180 days.
- Withdraw your £310 cashback from TopCashback to your bank
- You now have three options with your ISA:
- Withdraw everything and close your ISA (you'll pay the £50 exit fee)
- Leave £50 in your ISA, withdraw the rest, and close in 5 years to avoid the exit fee
- Keep your ISA open if you're enjoying Scottish Friendly as an investment platform
Investment values may have changed due to market movements – this is separate from your cashback profit.
Offer Complete
Done? Tick off each step above to see your total.
Quick Scottish Friendly Review
Completed the offer? Awesome! Here's our full review on why Scottish Friendly could work well for you going forward.
Scottish Friendly at a glance
Updated:
A Scottish mutual life office that's been running managed Stocks and Shares ISAs since 1862. Quidsy has a tidy ISA deal via TopCashback that pays you back in cash for opening one. Suits hands-off savers who want a tax wrapper without picking funds themselves. Fees are higher than DIY platforms, so weigh that up.
Customers
850k
UK accounts
Founded
1862
164 years old
App Store
4.2 ★
0.232k reviews
Google Play
4.7 ★
0.685k reviews
Honestly, Scottish Friendly is not the cheapest Stocks and Shares ISA on the market, and it's not trying to be. The headline AMC is 1.5% (currently discounted to 1.25% on the Unitised With-Profits Fund since January 2025, subject to periodic review), which is materially higher than something like Vanguard, InvestEngine, or Trading 212.
What you're paying for is a long-established, member-owned mutual that handles all the fund management for you and has been doing it for over 160 years. If you value that, it's a fair trade.
What I like is how straightforward the proposition is. You pick the ISA, set a monthly amount, and they invest it for you. No fund picking, no rebalancing, no notifications nudging you to trade. For a certain kind of saver, someone who wants the tax wrapper but doesn't want to think about it, that simplicity is the whole point.
The merger with OneFamily, due to complete in early 2027, doesn't change my view either way. The Scottish Friendly brand is staying, your ISA terms carry over, and the combined entity will be one of the largest mutuals in the UK. If anything it adds scale.
The one thing I'd pay attention to is the £50 exit fee within the first 5 years. Quick trick: leave £50 invested rather than fully closing the account, and the fee doesn't apply. Small admin step, but it's the difference between paying £50 to leave and paying nothing.
Worth it for hands-off savers who value mutuality over rock-bottom fees. Not worth it if you want to actively pick funds or run a multi-fund portfolio from one app.
Scottish Friendly Assurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. FRN: 110002. Investments are protected by the Financial Services Compensation Scheme up to £85,000.