Earn £2,100 of free shares at the touch of a button

Nimble savers can pick up thousands in pounds, or shares, simply by switching their Isa or pension provider.

The highest cashback deal currently being offered comes from InvestEngine – it gives rewards from £20 to £2,500 for transfers into one of its Isa accounts.

Free shares are also available if you transfer enough money.

Freetrade, a “commission-free” platform that instead makes its money on the “spread” on trades, is offering customers rewards of between £ 100 to £2,100 in free shares if you open a new Isa or Sipp account with them or top up an existing one with at least £10,000.

Fidelity is offering cashback of up to £2,000 to move your money to their platform and a £ 500 contribution towards any fees you may have to pay for leaving your current provider.

Fidelity’s offer runs to April 1 while Freetrade’s cut-off is April 5 and InvestEngine’s deadline is April 30.

However, the size of the free reward depends on how much money you transfer. For the full £2,500 cashback from InvestEngine, you need to transfer a minimum of £300,000. To get over £1,000 in cash from InvestEngine, you need to either transfer a minimum of £120,000 to an account with it or, if an existing customer, you will need to make a £120,000 top-up to your existing account.

For Freetrade’s top offer of £1,200 in shares, you need to deposit at least £500,000 into an account. For transfers to Freetrade of £ 10,000 to £19,999, you will receive £100 of free shares and this rises to £200 for transfers of £20,000 to £39,999.

Fidelity requires a transfer of at least £1m to get the full £2,000. You will get £2,000 cashback for transfers of £25,000 to £49,999. Move between £100,000 and £249,999 and you will receive £1,000 cashback.

To take advantage of Freetrade’s offer as a new customer, you need to have opened an account with an annual standard (£5.99 a month) or plus (£11.99 a month) subscription and started a transfer of at least £10,000 into your Isa and/or Sipp by April 5.

Fidelity’s offer is open to anyone transferring over £25,000 as investments, pension or Isas. Your cashback reward will be placed into a cash management account within 90 days following the closure of the offer, or 90 days after your transfer completes. Likewise, InvestEngine’s promotion is available for new and existing customers who meet terms and conditions.