Investing platform IG has a brand new offer to help you turn over a new leaf this autumn. New UK customers can get an enticing 7% interest on idle cash for 3 months when you join the platform using code EARN7 and invest at least £500 by 31 October. Read our “Need to knows” to find out the rest of the details.
After 3 months you would have about £5,085.29.
| Month | Amount |
|---|---|
| 1 | £5,028.27 |
| 2 | £5,056.70 |
| 3 | £5,085.29 |
Capital at risk.
The offer is available to anyone who opens a stocks and shares ISA, SIPP or general investment account (GIA). But as you’d expect with such an attractive rate, there are some conditions to be aware of:
Let’s go through those one-by-one.
The rate applies to new UK customers, who use code EARN7 to open a stocks and shares ISA, SIPP, or a GIA by 31 October. You can earn 7% interest on all uninvested cash within these accounts. Existing account holders could also be eligible if they haven’t made their first trade yet.
To earn your 7% boosted interest rate all the way until the end of January 2027, you need to invest £500 by 31 October. Then, you just need to maintain that same average invested balance of at least £500 up until 31 January 2027. If the value of your investments drops below £500 you will no longer be eligible for the boosted interest rate, meaning any interest earned on your cash balance will revert to the standard rate.
Provided you’ve made enough qualifying investments, any other money held in cash will earn 7% AER interest between 1 November until 31 January 2027 (an average investment position of at least £500 must be kept open during this time), with interest credited monthly into your account. The 7% bonus rate is the standard rate plus 3.25%, so from February 2027, it reverts to IG’s standard rate – currently 3.75% AER.
There’s a cap, and it’s £10,000. So, assuming you deposited the maximum amount before 31 October, the most you could earn during the promotional period would be around £170.59. Interest is calculated on daily balances throughout the calendar month, and interest payments are made in the following month.
When you buy shares in a company or a fund, that value (not your uninvested funds) could go up or down, so you may get less (or more) than what you put in with your £500 investment.
GO TO IG'S SITECapital at risk.
| Uninvested cash at beginning of July | Value at end of January 2027 (approx.) |
|---|---|
| £1,000 | £1,017 |
| £2,000 | £2,011 |
| £5,000 | £5,028 |
| £10,000 | £10,170 |
One of the reasons for IG offering this rate is to introduce more people to the world of investing (specifically with IG).
It’s a loss-leader for IG, and it’s certainly an attention grabbing rate – albeit coming at a time when interest rates are trending upwards after a decent stint of being pretty steady. In return for giving that boosted rate, IG gets a chance to educate savers about investing.
All in all, the interest rate offered by IG is great if you’re looking for short-term boosted interest rate on a balance of less than £10,000.
However, you still need to invest a fair amount of money, so you need to jump through some hoops and understand the risks of investing, IG isn’t a bank. You do need to make or have an open investment for the full period, so ensure you’re informed on what you want to invest in, as well as being aware of the potential fees attached.
It’s also important that you carefully look through IG's T&Cs yourself before opening an account and investing.
GO TO IG'S SITECapital at risk.
Get a £50 free share
Get 5 free Vanguard ETF shares
Free stock worth £10-£100 (deposit £50)
Get up to £100 in fractional shares
Sign-up welcome bonus of £20-£200 (deposit £100)
Get up to 3% cashback
Refer a friend and get up to £100 each
Find out what Finder’s investing expert thought when testing and using MoneySuperMarket’s new Investments feature.
Capital.com offers CFD trading and spread betting with premium TradingView chart integrations, more tools than you can shake a stick at. Here’s what our expert thought when testing the platform.
Investing platform IG is offering a temporary 7% interest rate on uninvested cash to new UK clients.
Vanguard and InvestEngine are both investment platforms with a lot to offer. We compare their features, fees, account types and more – side by side in InvestEngine vs Vanguard.
Find out about the features, fees, and much more in our expert review of the commission-free XTB trading platform.
The Lightyear app is a cheap option for investing in stocks and ETFs with a free stocks and shares ISA. We provide an expert hands-on review to give you insights.
CMC Invest is an app-based investing platform. Our review rounds up the pros and cons.
Online trading giant eToro lets you buy stocks with no commission, but is it the best option for traders and investors?
J.P. Morgan Personal Investing is one of the UK’s most popular digital wealth management platforms. Our review looks at whether it’s any good, how it works, the fees, and our overall verdict.
If you’re interested in investing but don’t know where to start, Moneybox might be the solution for you. We review its features, charges and ISA options.
