+£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.
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
10 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.
Scottish Friendly Full Review
Completed the offer? Awesome! Here's our full review on why Scottish Friendly could work well for you going forward.
Scottish Friendly is one of the UK's oldest mutual societies, established in 1862. As a mutual, they're owned by their members rather than shareholders, which means they're focused on providing value to savers rather than maximising profits. They specialise in savings and investment products including their flagship MoneyBuilder ISA, Junior ISAs, and protection products.
Is Scottish Friendly safe?
Yes, Scottish Friendly is authorised by the Prudential Regulation Authority (PRA) and regulated by both the Financial Conduct Authority (FCA) and PRA. They've been operating for over 160 years, which speaks to their stability and trustworthiness.
As a mutual society, they're owned by their members. Your investments in their MoneyBuilder ISA are held in a segregated account, separate from the society's own funds. While investments can go up or down in value, Scottish Friendly has a long track record of managing member funds responsibly.
Who is Scottish Friendly for?
Scottish Friendly's MoneyBuilder ISA is ideal for people looking for a straightforward, hands-off investment option. It works well for those who want the tax benefits of an ISA wrapper without the complexity of choosing individual funds.
The monthly premium structure (from £50/month) makes it accessible for regular savers. It's particularly suited to people who prefer dealing with a long-established, member-owned society rather than newer fintech platforms.
Top 5 Scottish Friendly Features
1
Tax-free growth
As a Stocks and Shares ISA, all investment gains are completely tax-free. You can invest up to £20,000 per year across all your ISAs.
2
Member-owned mutual
As a mutual society, Scottish Friendly is owned by its members. This means decisions are made with members' interests in mind, not shareholders.
3
Simple investment approach
Your money is invested in a managed fund, so you don't need to worry about picking individual stocks or making complex investment decisions.
4
Flexible premiums
Choose monthly premiums from £50 to over £1,000. You can adjust your premium amount as your circumstances change.
5
Over 160 years of history
Founded in 1862, Scottish Friendly has over 160 years of experience managing members' money through good times and bad.
Pros and Cons
Pros
- ✓Member-owned mutual with aligned interests
- ✓Simple, managed investment approach
- ✓Tax-free ISA wrapper
- ✓Flexible monthly premium amounts
- ✓Long-established and trustworthy
Cons
- ✗£50 exit fee if closing before 5 years (avoidable by leaving £50 balance)
- ✗Less control over specific investments
- ✗No app - management via website or phone
- ✗Returns depend on fund performance
Chris's Verdict
Scottish Friendly offers a solid, no-frills investment ISA backed by over 160 years of history. It's not the flashiest option out there - no slick app, no fancy features - but that's not the point. What you get is a straightforward way to invest tax-free with a society that genuinely has your interests at heart as a member-owned mutual.
The £50 exit fee if closing before 5 years might put some people off, but here's the trick: just leave £50 in your account and you avoid it entirely. For the TopCashback offer, you're looking at around £260 net profit after fees - that's a solid return on a £600 investment over 6-8 months.
If you're happy with a hands-off approach and value stability over features, Scottish Friendly is a reliable choice. The TopCashback cashback makes it a no-brainer for anyone looking to boost their earnings.
